Cryptocurrencies
EU Plans to Regulate Cryptocurrencies in Digital Finance Push
- Commission issues proposal on stablecoins, other crypto assets
- Wirecard case triggers evaluation of EU markets supervision
Photographer: Thomas Trutschel/Photothek via Getty Images
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The European Union is taking a major step to regulate crypto assets in the bloc, seeking to protect its financial markets without depriving citizens and companies of the new technologies.
Under the initiative unveiled on Thursday the EU’s executive arm seeks to establish clear ground rules for cryptocurrencies, which often aren’t captured by traditional rules and can leave investors without protection.