FTX collapse, Binance’s US settlement present sturdy case for MiCA laws

The collapse of FTX in 2022 and Binance’s latest $4.3-billion settlement with United States authorities present a powerful argument for the provisions of the European Union’s Markets in Crypto-Belongings (MiCA) laws, a European Fee official stated in an interview.

Ivan Keller, coverage officer for the European Fee, spoke to Cointelegraph on the MoneyLIVE convention in Amsterdam. Information of Binance’s high-profile settlement with the U.S. Division of Justice (DOJ) broke the night time earlier than Keller’s keynote and served as a pertinent reflection level for MiCA’s full-scale software in 2024.

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