Europe is closing the door on offshore crypto, but it’s leaving the riskiest window open
CoinDesk·
60-second summary
Europe is closing the door on offshore crypto by implementing the Markets in Crypto-Assets (MiCA) regulation, but it's leaving the riskiest window open - the unregulated crypto derivatives market, valued at over $2 trillion, which MiCA does not address. This oversight could pose a serious problem for investors, according to Patrick Gruhn.
MiCA was never meant to address the giant crypto derivatives market. That could pose a serious problem, says Patrick Gruhn, founder and chief executive of Perpetuals.com.