EU Says Non-EU Countries Should Implement Stricter Crypto Regulation

According to a report by the European Parliamentary Research Service (EPRS), countries outside the Schengen area should strengthen their oversight of the cryptocurrency industry.

The report warns that the EU’s financial system and autonomy are still at risk due to potential actions of non-EU countries in the implementation of MiCA (Markets in Crypto-Assets Regulation).

Experts also expressed concerns about the impact of stablecoins on financial stability and noted the United States’ fragmented regulatory environment involving multiple stakeholders at different levels.

This complexity can lead to legal ambiguity and uncertainty in regulation.