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Not the best week for crypto lending: Law Decoded, June 20-27

Cryptocurrency Jun 29, 2022 09:00AM ET
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Not the best week for crypto lending: Law Decoded, June 20-27

Due to Celsius Network’s withdrawal suspension in mid-June, the very topic of crypto lending made its entryway to the acute issues list for the regulators. Last week, lawmakers and officials continued to raise the question of necessary action, with significant utterance belonging to one of the key European crypto skeptics, Christine Lagard.

European Central Bank president got so impressed with the Celsius crisis that she coined the term "MiCa II," referring to the main regulatory package for crypto in the European Union. Lagarde believes the new MiCa should include separate crypto-asset staking and lending guidelines.

90% of Central Banks are researching the utility of CBDCs

Disclosures should be read, not just filed

SEC and CFTC will try to understand each other

Continue Reading on Coin Telegraph

Not the best week for crypto lending: Law Decoded, June 20-27
 

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