EU Banking Regulator Says It Lacks Staff To Regulate Crypto 

EU Banking regulator reveals it does not have the capacity to regulate crypto.

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European Union had recently finalized its Markets in Crypto Assets (MiCA) legislation focusing on stablecoins.

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EU banking regulator said that in three years crypto may have "moved and transformed into other uses that I cannot anticipate."

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Campa further noted that their task is to make sure that the risk they have identified is properly managed, or else they will have to live with consequences.

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The banking regulator also acknowledged that the crypto industry is very dynamic and it is hard to predict what it would be like in three years.

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