Due to Celsius Network’s withdrawal suspension in mid-June, the flaws of the current crypto lending model are becoming a hot topic. The latest edition of Law Decoded looks at how the industry is responding.
Due to Celsius Network’s withdrawal suspension in mid-June, the very topic of crypto lending made its entryway to. Last week, lawmakers and officials continued to raise the question of necessary action, with significant utterance belonging to one of the key European crypto skeptics, Christine Lagard.
European Central Bank president got so impressed with the Celsius crisis that she coined the term"MiCa II," referring to the main regulatory package for crypto in the European Union. Lagarde believes the new MiCa should includeIt’s not necessary to be a civil servant to discern the flaws of the current lending model, though.
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