“The EU can lose its position in global cryptoric competition, giving way to the United States and Asia. This was stated by the head of the international legal direction of digital projects at Franklin Templeton Katrion Kellas at the Digiassets 2025 conference. She stressed that despite his strong positions, the EU risks lagging behind the slow lawmaking process, whereas regulating in the US and countries. […]”, – WRITE: Businessua.com.ua
The EU can lose its position in global cryptoric competition, giving way to the United States and Asia. This was stated by the head of the international legal direction of digital Projects at Franklin Templeton Katrion Kellas at the Digiassets 2025 conference.
She stressed that, despite his strong positions, the EU risks lagging behind due to slow legislative bureaucracy, while in the US and Asia, regulatory processes are already gaining momentum. According to Kellas, the United States is now showing “feeding and feeding and Europe”, at the same time, European regulators are just beginning to talk openly about competition with other jurisdictions.
Brussels already discuss the renewal of the regulatory framework, including the possible launch of MICA 2 – the continuation of the Regulation “On Markets of Cryptoactives”, which came into force in June 2023. According to Kellas, “this is exactly discussed”, and the community is waiting for the formalization of the next steps.
Among the current tools, she noted the pilot program for the technologies of the sworn registry, which includes a regulatory sandbox for crypto companies. Despite the fact that the initiative is only a year, it is already being prepared for updating according to current market challenges.
Some regulators are concerned about the too fast approval of crypto activists (CASP) service providers in a number of EU countries. Thanks to “passporting”, this allows companies to work in the European Union, receiving permission only in the country of registration.
Kellas also noted that the overall attitude towards cryptocurrencies in the EU is gradually changing: “This movement is no longer stopped – returning to a cautious approach looks unlikely.”
She added that more and more watchdogs are faced with government pressure and are forced to rethink the old framework.
Recall that Bank of Italy Fabio Pantta named the digital euro and financial literacy with key EU answers to significant changes in the financial industry.
The gun
Please wait …