MEP Stefan Berger: ‘Yes, we need regulations, but you still have to leave room to breathe’

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MEP Stefan Berger: ‘Yes, we need regulations, but you still have to leave room to breathe’
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Crypto regulations, Some like em', some don't. But what does DrStefanBerger think of them? Check out our recent interview to find out:

The European Commission’s first proposal to introduce MiCA in September 2020 came at the right time, said Berger. “We are at the threshold of this technological development, and the regulation has taken up several points that urgently need to be regulated,” he said. MiCA was designed to be “a purely forward-looking financial market regulation” that was to “be kept technologically neutral.”

“I think that in the end, we will come to a good result and that the discussion will not move in the direction of banning proof-of-work again, but exactly the opposite.” “If I pay with 100 euros in cash in a supermarket, I don’t have to show my ID card or identify myself. I simply pay with cash, and that’s it. And why should that be different in the crypto sector? I don’t understand that. We in Germany love cash, and we still accept an EU-wide cash payment cap of 10,000 euros. Why don’t we make the same rules of the game for crypto if we already have these rules of the game? Normal world, crypto world.

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