German crypto regulator calls for global rules to also govern niche finance centers

While the European Union has made significant progress toward regulating crypto by approving its comprehensive framework, Markets in Crypto Assets (MiCA), the need for global regulation still remains, according to one of the top executives of the German Federal Financial Supervisory Authority (BaFin). 

In a blog post on Sept 18, Rupert Schaefer, Executive Director of Strategy, Policy and Control at BaFin, highlighted the importance of unitary global regulation of the crypto industry.

Citing…