RATE Group | EU must adopt common cryptocurrency rules, says think tank
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EU must adopt common cryptocurrency rules, says think tank

05 Sep EU must adopt common cryptocurrency rules, says think tank

Posted at 18:53h in Cryptocurrency News by

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The European Union must create a common rule book on digital currencies such as Bitcoin if it is use them to their full potential, according to a report for the bloc’s finance ministers.  

Bruegel, a Brussels-based think tank, has prepared the report ahead of a planned meeting on cryptocurrencies between the EU 28’s politicians in Vienna, Austria, on Friday.

Advocates of cryptocurrencies cite ease of access to exchanges, anonymity and low transaction fees as key benefits. 

However, risks around fraud and money laundering have raised alarms for investors concerned that a lack of regulation leaves them unprotected.

The report, co-authored by Bruegel’s director Guntram Wolff and deputy director…

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