RATE Group | EU to Wait for Cryptocurrency Analysis Before Any Regulation – Report
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EU to Wait for Cryptocurrency Analysis Before Any Regulation – Report

10 Sep EU to Wait for Cryptocurrency Analysis Before Any Regulation – Report

Posted at 23:01h in Cryptocurrency News by

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The 28-member bloc will take careful steps in cryptocurrency market, Irish Finance Minister Paschal Donohoe explained after the EU finance ministers’ meeting in Vienna over the weekend.

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The European Union (EU) has decided to put aside cryptocurrency regulation until the EU regulators make an analysis of the market, Bloomberg reported on Saturday.

There is no need for a rush into introducing common EU rules for the virtual coin market, the officials explained after the EU finance ministers’ summit in Vienna this weekend. While the European Securities and Market Authority (ESMA) is the most active in the sector, it remains unclear which bodies will do the digital asset research.

“The EU will be acting carefully in this area,” Irish Finance Minister Paschal Donohoe told reporters in the Austrian capital.

German Finance Minister Olaf Scholz said that the meeting was useful because the discussion had the goal to make sure that member states understand the cryptocurrency…

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