Mário Centeno, Governor of Banco de Portugal, has called for international cooperation to create a “robust framework” for regulating and supervising crypto assets and decentralized finance (DeFi). He believes that regulating these global risks and international players at the national level is not enough. He expressed his disbelief in the democratizing potential of digital assets and their ability to survive in the long run. Centeno praised the European Union’s first comprehensive crypto framework, Markets in Crypto Assets (MiCA), but insisted on further international consolidation of regulatory efforts under the principle of “same risk, same regulation.” Rupert Schaefer, executive director of strategy, policy and control at the German Federal Financial Supervisory Authority (BaFin), also expressed similar sentiment and called for global collaboration on formulating crypto regulations. Indian Prime Minister Narendra Modi also echoed the same sentiment during the annual Group of 20 (G20) summit.

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Information	Details
Geography	Europe
Countries	🇵🇹 🇩🇪 🇮🇳
Sentiment	neutral
Relevance Score	8
People	Mário Centeno, Rupert Schaefer, Narendra Modi
Companies	Markets in Crypto Assets (MiCA), Group of 20 (G20), German Federal Financial Supervisory Authority (BaFin), Banco de Portugal, European Union
Currencies	None
Securities	None