Peter Kerstens is a rather discreet man. But for the past few weeks, the European Commission's "financial stability" mister (he heads DG Fisma) has been stepping up his public appearances.
His favourite subject? Crypto regulation, and more specifically the now 'famous' MiCA (Market in Crypto-assets) regulation, which is intended to provide an initial framework for the crypto sector.
The text will be definitively adopted in the coming weeks, while all the translations are completed, before coming into force in 2024.
At the end of October, Peter Kerstens spoke at an event organised in Brussels by the Blockchain for Europe association. "MiCA is absolutely essential. It will enable the sector to develop while providing better protection for users", explained the senior Belgian civil servant to a half-empty audience. Thank goodness we were there 😅.
This was 10 days before the American FTX, which was in the process of setting up in Europe, exploded in mid-air. You have all the details of the case here.
What is MiCA planning?
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