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EU Monitoring FTX Collapse With Major Crypto Law in Final Stages

  • European Parliament vote on MiCA expected in February
  • FTX crisis won’t impact path of EU’s crypto legislation
Sam Bankman-Fried

Sam Bankman-Fried

Photographer: Jeenah Moon/Bloomberg

The European Union is monitoring the collapse of crypto exchange FTX Group as the bloc tries to cross the finish line on adopting a broader set of regulations for digital assets.

The bloc is examining whether the crisis has any consequences for the single market, according to an EU official, who spoke on the condition of anonymity.