Germany, the largest economy in Europe, is seeking global crypto regulation amid market turmoils and frauds. Mark Branson, the President of the country’s financial market regulator, BaFin, recently voiced his opinion on the necessity of crypto regulations in Germany and globally.
As reported by Reuters, Branson told journalists on Tuesday evening that a self-regulatory approach to the cryptocurrency industry would not work. “We’ve seen the self-regulated world. It will not work,” he said.
“Now is the time for serious cryptocurrency regulation