Head of Portugal central bank deems crypto unsustainable, calls for global regulation

“Speaking of crypto possessions and decentralized financing (DeFi), Centeno discussed the “undeniable risk” of their inviability in the long run. In his blog site post, Rupert Schaefer acknowledged the apparent progress in managing crypto with MiCA adoption in the EU but triggered about the disparities existing on a global scale. In August, Indian Prime Minister Narendra Modi also called for worldwide partnership on developing crypto guidelines during the yearly Group of 20 (G20) top.