This was necessitated by the revelation of numerous instances of unscrupulous behavior in the digital asset segment over the past year.
FSB has issued recommendations to ensure consistent and comprehensive regulation in the sector. Thus, the EU has developed new legislation known as MiCA, while the SEC is trying to apply existing rules developed many decades ago.
At the same time, the EU has developed new legislation known as MiCA, and the SEC is trying to apply existing rules developed many decades ago.