American regulators should determine priorities to crypto clarity like Mica, says the Bitstamp of the US director says

In an exclusive interview with Cripto.NEVS, the Bitstamp American Executive Director shares its view of how Mića can rub the path to similar regulatory frameworks in the United States

The sights of the European Union for more and more Profile of the CRIPTO sector has occurred in full force in late December 2024. years. Markets in the regulation of crypto-means – simply known as Mica – is a set of rules designed to regulate the crypto market across EU Member States.

For example, it requires the crypto company to obtain permits for work throughout the EU, sets the rules to protect consumers and dismisses how Stablecoins should be issued. Mica also brings capital requirements, money laundering and transparency. In short: CRIPTO companies must now meet the standards similar to those of traditional financial institutions.

The idea is to bring more legal clarity and consumer protection during the promotion of innovation in the crypton space. However, some are worried that the regulation brings more problems than good. For the context, Chief Executive Director Paolo Ardoin earlier upset This regulatory move MICI places the banking systems and the use of stableCoins in the European block to “system risk”, because the law now requires publishers in Europe to retain 60% of its reserves in bank accounts in Europe.

Cripto.news Sit down that Bitstamp American director of Bobby Zagotta would discuss the implications of regulations for the crypto industry, how to influence exchange such as Bitstamp, and whether the Regulation could push several retail investors towards decentralized platforms.

CN: Some stablecoin greats caring That Mica brings more problems than good. Tether’s (USDTT) and Paypal’s (Pussd) Will no longer available For the Bitstampers of European customers. Don’t you think these restrictions could push retail investors according to definite, where not the regulatory testing is so tight?

BZ: No, we welcome Micu and the clarity that it will bring to the market. Bitstamp offers stablecoins in Europe that retail investors can transact with, which allows customers to move funds quickly and at a low cost. We also have coins for USD (USDC), Euro coins (EURRC) and screening of EUREURCV)To indicate a few stablecoins in which they adhere to Mic.

Bitstamp provides retail investors with property from the longest, longest, most reliable and regulated exchanges in the world. Mića provides the clarity of exchange and investor themselves, making the market more efficiently and we will continue to work proactive with European regulators.

CN: Do you expect to follow Europe with MICA framework now or to see the American market that takes a different approach?

BZ: I hope that the current American administration is to provide an American crypto market with the same, necessary, regulatory clarity, as needed to be caught in the EU MICA can serve as an example of how and why business frameworks for cryptocurrency need to It also serves why, and why cryptocurrencies need regulatory frames to work efficiently and efficiently.

There are signs and recent executive orders that signal that the current administration will really provide that clarity. I am optimistic about the future.

CN: Some claim that Mića provides the advantage of banks and traditional financial institutions in relation to crypto-domestic companies. Do you think these regulations state the playground or make it difficult for exchanges like Bitstamp?

BZ: While growing tide set all the boats, Bitstamp for years took a proactive attitude for years, with almost 30% of our team that performs compliance, safety and internal audit management, security and functions in internal audits. Operations and decisions are aligned with regulatory standards.

Many companies similar to Bitstamp in the crypton space could continue to invest in access to the reconciliation.

The introduction of the market in the crupto-funds prescribed in progress a positive step for the cryptocurrency market. These regulations provide much necessary clarity and establishing a field for level reproduction for all participants in the crypton space.

Ensuring that all subjects adhere to the same rules, Mića encourages a more transparent and safer environment. This increased transparency and security is expected to promote confidence and trust and institutions and individual users, which is crucial for adoption and long-term growth of the cryptocurrency market.