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Christian Anders, CEO of Btc.x, said that despite the signing of the Cryptocurrency Asset Markets Act (MiCA), the European Union (EU) may need to lobby more on various regulatory bodies in Europe and work with various governments.
In an interview with Cointelegraph, Anders noted that it may take a little “push” to get the cryptocurrency structure announced in MiCA accepted in most European countries, such as Sweden. He stated that MiCA gives the crypto industry a framework to work with and is expected to bring clarity.
Anders noted that crypto exchanges are looking forward to the full implementation of the MiCA system, while acknowledging that governments such as Sweden are reluctant to issue new licenses to crypto companies. He stressed that while these governments cannot stop the structure, they can delay its progress. In addition, he mentioned the possibility that governments would find the MiCA structure inadequate, leading to a two-way power dynamic.
When asked what opinion about a cryptocurrency exchange or theory the U.S. Securities and Exchange Commission (SEC) would choose next, Anders said that he thought Crypto.com could be the next potential target since they operate in America. Continuing, he said that he has a more Swedish point of view and may have something to do with the recent SEC ban on Binance and Coinbase. Anders said the SEC is taking a similar approach to the Swedish government, as regulatory issues in Sweden are on a smaller scale than in the US.
Anders remains optimistic about Bitcoin, rejecting any negative opinions. He believes that the efforts of banks and governments to hinder the growth of cryptocurrency only fuel his enthusiasm. He argues that the superiority of Bitcoin (BTC) becomes apparent when compared to the disadvantages of the fiat system and the stress caused by inflation.
Related: EU Starts Countdown to Crypto Legislation, MiCA Adds to Official Journal
The CEO emphasized the growth of the mining industry with the advent and production of mining machines by companies such as Intel. He noted that Bitcoin mining is gaining momentum in Europe, especially with the growth in the use of renewable energy sources. In addition, he emphasized that the proximity of the younger generation to these technologies strengthens their role in shaping the future.