Should crypto exchanges be regulated like traditional banks?

The EU has introduced sweeping new crypto regulations through its Markets in Crypto-Assets (MiCA) framework.

Under these rules, exchanges must register with regulators, hold sufficient reserves, and follow anti-money laundering and consumer protection standards.

The move aims to provide transparency and prevent abuses after high-profile crypto collapses.

Proponents say it brings stability and trust to a volatile industry.

Critics argue it could suppress innovation or drive activity offshore.

MiCA is seen as a blueprint for global regulation, raising the question of whether crypto should be treated like traditional finance.