Christian Anders, the CEO of Btc. x said that despite the enactment of Crypto Asset Markets (MiCAs), the European Union (EU) might need to do a lot more lobbying with the various regulators in Europe and working with the various governments.
In an interview with Cointelegraph, Anders noted that for the encryption framework shown in MiCA to be accepted in most European countries like Sweden, a bit of a “push” might be needed. He said MiCA gives the crypto industry a framework to operate with and should bring clarity.
Anders noted that crypto exchanges are eagerly awaiting the full implementation of the MiCA framework, while acknowledging that governments like Sweden are reluctant to issue new licenses for crypto companies. He stressed that while these governments cannot stop the framework, they can delay its progress. In addition, he raised the possibility that governments may find the MiCA framework inadequate, leading to bilateral power dynamics.
When asked for his opinion on the crypto exchange or the theory that the United States Securities Exchange Commission (SEC) would come next, Anders said he thought Crypto.com could be the next potential target as they operate in America. Continuing, he said he had a more Swedish perspective and could be linked to the recent SEC crackdown on Binance and Coinbase. Anders said the SEC shares a similar approach with the Swedish government, as regulatory challenges in Sweden occur on a smaller scale compared to the United States.
Anders remains optimistic about Bitcoin, dismissing any negative ideas. He thinks the efforts of banks and governments to impede the growth of cryptocurrency only fuel his enthusiasm. He asserts that the superiority of Bitcoin (BTC) is becoming evident over the flaws in the fiat system and the stress caused by inflation.
Related:EU Starts Countdown to Crypto Legislation, Adds MiCA to Official Gazette
The CEO pointed to the boom in the mining industry with companies like Intel coming in and manufacturing mining machinery. He noted that Bitcoin mining is gaining momentum in Europe, especially with the growing use of renewable energy. Furthermore, he pointed out that the younger generation’s affinity for these technologies enhances their role in shaping the future.
Magazine: Bitcoin is on a collision course with ‘Net Zero’ promises