{"id":36456,"date":"2023-01-10T09:34:02","date_gmt":"2023-01-10T09:34:02","guid":{"rendered":"https:\/\/lydian.io\/?p=36456"},"modified":"2023-01-10T09:34:02","modified_gmt":"2023-01-10T09:34:02","slug":"crypto-assets-are-not-play-money","status":"publish","type":"post","link":"https:\/\/lydian.io\/crypto-assets-are-not-play-money\/","title":{"rendered":"\u201cCrypto assets are not play money\u201d","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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Stefan Berger, a member of the European Parliament's Financial Affairs Committee, has in contrast the present state of affairs with FTX to the 2008 monetary disaster and used \"these Lehman Brothers moments\" to justify the necessity to regulate crypto.<\/p>\n
In a Nov. 9 tweet Berger said<\/a> Acceptable regulation was wanted to keep away from points that \u201cvalue super belief\u201d within the crypto area as FTX reported monetary difficulties. The parliamentary committee member pointed to the Markets in Crypto-Belongings (MiCA) framework, which is at the moment going via the European Council to require crypto corporations to \u201cguarantee inside threat administration mechanisms.\u201d<\/p>\n Disgrace! That #FTX<\/a>\/#Alameda<\/a> Case has value monumental confidence. Such Lehman Brothers moments have to be prevented in crypto area. That is it #Mica<\/a> is for. Crypto property aren't play cash. Crypto asset service suppliers should guarantee inside threat administration mechanisms. https:\/\/t.co\/zNrB8CdUbU<\/a><\/p>\n