MEP Stefan Berger: ‘Yes, we need regulations, but you still have to leave room to breathe’
2022.04.14 14:22
MEP Stefan Berger: ‘Yes, we need regulations, but you still have to leave room to breathe’
The European Parliament’s Committee on Economic and Monetary Affairs recently approved a draft of its comprehensive Markets in Crypto Assets, or MiCA, crypto regulation package. The new framework covers a wide range of crypto-related subjects, such as the status of all major currencies and stablecoins and the regulation of crypto mining and exchange platforms.
Stefan Berger, a member of the Christian Democratic Union (CDU), is the Parliament’s rapporteur for the upcoming MiCA regulation — the person appointed to report on proceedings related to the bill. In the associated negotiations, the German politician vehemently opposed, among other things, a ban on proof-of-work (PoW)-based assets such as Bitcoin (BTC). spoke with Berger about the controversies surrounding the MiCA framework and his opinion on the new Transfer of Funds Regulation, also known as TFR.
