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Franklin Templeton’s Catriona Kellas warns that the EU is lagging in crypto regulation, risking its competitiveness. As global crypto adoption grows, regulators face pressure to adopt more flexible frameworks to keep pace with the U.S. and Asia.
- Catriona Kellas warns the EU risks falling behind in crypto due to slow regulatory updates to MiCA and delays in MiCA 2 discussions.
- The EU's DLT pilot regime, a regulatory sandbox for crypto firms, is being updated but may not keep pace with market changes.
- Crypto exchanges like Coinbase and Gemini are expanding in the EU under 'passporting,' but regulators remain wary of uneven oversight.
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Related Tags: Coinbase Global Inc. Markets in Crypto Assets (MiCA)