{"id":13648,"date":"2022-11-30T14:38:41","date_gmt":"2022-11-30T14:38:41","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/11\/30\/ftx-collapse-should-not-be-consider-as-failure-of-crypto-eu-deputy-director-general\/"},"modified":"2022-11-30T14:38:41","modified_gmt":"2022-11-30T14:38:41","slug":"ftx-collapse-should-not-be-consider-as-failure-of-crypto-eu-deputy-director-general","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/11\/30\/ftx-collapse-should-not-be-consider-as-failure-of-crypto-eu-deputy-director-general\/","title":{"rendered":"FTX Collapse Should Not Be Consider As Failure Of Crypto: EU Deputy Director General"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/ftx-collapse-should-not-be-consider-as-failure-of-crypto-eu-deputy-director-general\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>On Wednesday, Deputy Director DG FISMA, Alexandra Jour-Schroeder, within the EU Parliament listening to stated the EU doesn\u2019t see <a href=\"https:\/\/coingape.com\/tag\/ftx-crypto-exchange\/\">FTX<\/a> as a failure of crypto or blockchain. In addition to this, he blamed SBF for FTX\u2019s collapse.<\/p>\n<p>Notably, the latest bitcoin crash triggered a \u201ccrypto winter,\u201d which resulted within the demise of crypto trade FTX, and on Tuesday this week cryptocurrency lender <a href=\"https:\/\/coingape.com\/the-impact-of-blockfis-bankruptcy-on-the-top-10-cryptocurrencies\/\">BlockFi<\/a> filed for chapter safety. The European Union has agreed on a brand new groundbreaking market in crypto property guidelines (MiCA), that are set to enter impact in 2024, placing the EU on the forefront of regulating a sector that has shrunk dramatically.<\/p>\n<h2>EU Deputy Director General shares views over FTX collapse<\/h2>\n<p>In a latest <a href=\"https:\/\/twitter.com\/paddi_hansen\/status\/1597880241888038912\">tweet<\/a> cryptocurrency professional Patrik Hansen talked about the replace of the EU Parliament listening to on the FTX collapse and its implications for the EU. While talking on the EU Parliament listening to Alexandra Jour-Schroeder, deputy director normal of the European Commission\u2019s monetary companies space, acknowledged that it was crucial to finalize MiCA certification with a closing vote within the European Parliament. She claimed that there have been problematic procedures at FTX, together with no correct document holding or separation of shopper and company accounts, and that the bloc included round 10% of the corporate\u2019s clients.<\/p>\n<h3>Deputy Director General calls for implementation of MICA<\/h3>\n<p>The deputy director normal additionally highlighted the gravity of FTX collapse she acknowledged <strong>\u201cWe don\u2019t consider them as blockchain or cryptocurrency asset failures per<\/strong> se\u201d. While answering on the query for the requirement of MiCA 2 she responded that the present guidelines, which provide vital safeguards for buyers and the monetary system, needs to be swiftly authorized.<\/p>\n<p>Jour-Schroeder whereas talking in regards to the seriousness of FTX collapse stated after FTX the tendency to maneuver property into private pockets may very well be enhance as a substitute of holding them at exchanges\u00a0 would possibly enhance extreme threat.<\/p>\n<blockquote>\n<p>Apart from that, head of threat evaluation, Steffen Kern, on the European Securities and Markets Authority (ESMA), criticizes crypto market as an entire and stated there&#8217;s proof of market manipulation, weak management, and a scarcity of controls. On including to that he stated <strong>\u201cThis sector of the economy has issues. When it becomes effective, the regulatory framework will be crucial in addressing these problems,\u201d<\/strong><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA129263\">\n<div class=\"authorBox\">\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ad96ee0d0b3f7ff75c58820a7761c0ad?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" src=\"https:\/\/secure.gravatar.com\/avatar\/ad96ee0d0b3f7ff75c58820a7761c0ad?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/ad96ee0d0b3f7ff75c58820a7761c0ad?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ad96ee0d0b3f7ff75c58820a7761c0ad?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD129263\">\n<p> The offered content material might embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any duty on your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/ftx-collapse-should-not-be-consider-as-failure-of-crypto-eu-deputy-director-general\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] On Wednesday, Deputy Director DG FISMA, Alexandra Jour-Schroeder, within the EU Parliament listening to stated the EU doesn\u2019t see FTX as a failure of crypto or blockchain. In addition to this, he blamed SBF for FTX\u2019s collapse. Notably, the latest bitcoin crash triggered a \u201ccrypto winter,\u201d which resulted within the demise of crypto trade [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[13],"tags":[1037,24,5335,5336,732,887,1897],"class_list":["post-13648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation","tag-collapse","tag-crypto","tag-deputy","tag-director","tag-failure","tag-ftx","tag-general","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/13648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=13648"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/13648\/revisions"}],"predecessor-version":[{"id":13649,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/13648\/revisions\/13649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/9972"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=13648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=13648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?p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