CandleFocus Central Bank of Ireland wants to democratize finance
2024-10-02
Author: Content Editor
The Deputy Governor of the Central Bank of Ireland, Derville Rowland, believes that the clarity provided by the EU's MiCA regulations will allow Ireland to remain at the forefront of safe innovation in the blockchain and digital currency industries. The MiCA regulations aim to create harmonization across the EU, providing legal clarity, consumer protection, and fostering innovation. While some critics argue that the EU's regulations stifle innovation, supporters believe that the focus on sustainable growth is beneficial. The implementation of MiCA by central banks in Spain and Latvia suggests a race among EU nations to lead in blockchain and digital currencies.
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