Concerns about Europe’s upcoming MiCA regulations and Vitalik Buterin’s plans to make Ethereum more efficient were the main focus of crypto investors this week.
Concerns are mounting over the implications of Europe’s upcoming crypto regulatory bill. Despite being a significant step forward for the industry, the European framework poses significant banking risks for stablecoin issuers, Tether CEO Paolo Ardoino told Cointelegraph.
In the wider crypto space, Vitalik Buterin outlined his plan to reduce Ethereum’s data bloat and simplify the overall protocol as part of his plans called “The Purge,” aiming to create more efficiency in the world’s second-largest blockchain network.
Europe’s forthcoming regulatory framework will introduce banking concerns for stablecoin issuers that could threaten the stability of the broader crypto space, according to Paulo Ardoino.
