EU needs further efforts to implement crypto regulations — Btc.x CEO

Btc.x CEO Christian Anders believes that despite the Markets in Crypto-Assets (MiCA) regulations being signed into law, the European Union might need to do much more lobbying of different European regulators and governments.

In an interview with Cointelegraph, Anders noted that for the crypto framework stated in MiCA to be accepted in most European countries like Sweden, a bit of “pushing” might be required. He said that MiCA gives the crypto industry a framework and is expected to bring clarity.

Anders mentioned that as crypto exchanges eagerly await the full implementation of the MiCA framework, some countries, such as Sweden, are reluctant to issue new licenses for crypto companies. He emphasized that these governments cannot halt the framework but can delay its progress. Furthermore, he cautioned about the possibility of governments deeming the MiCA framework inadequate, leading to a two-sided power dynamic.

When asked his opinion on which crypto exchange the United States Securities and Exchange Commission (SEC) would come for next, Anders said he thinks Crypto​.com might be the next potential target. He said he has a Swedish perspective and could relate to the recent SEC clampdown on Binance and Coinbase, adding that the SEC and the government of Sweden have a similar approach to crypto, with regulatory challenges in Sweden happening on a smaller scale than the United States.

Anders remains optimistic about Bitcoin (BTC), dismissing any negative notions. He believes that the efforts of banks and governments to impede the growth of crypto only fuel enthusiasm. He asserts that BTC’s superiority becomes evident when compared with the flawed fiat monetary system and the stress caused by inflation.

Related: EU starts countdown to crypto legislation, adds MiCA to official journal

The CEO also highlighted the rise of the mining industry. He noted that Bitcoin mining is gaining traction in Europe, especially with the increasing use of renewable energy. Additionally, he emphasized that the younger generation’s interest in these technologies solidifies their role in shaping the future.

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