RATE Group | EU To Step Carefully With Cryptocurrency Regulation
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EU To Step Carefully With Cryptocurrency Regulation

11 Sep EU To Step Carefully With Cryptocurrency Regulation

Posted at 05:07h in Cryptocurrency News by

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September 10, 2018 10:13 PM

Despite a Brussels-based think tank advising the European Union to adopt common rules for cryptocurrencies, a subsequent meeting of European finance ministers concluded that regulations could wait.

On Friday, September 7, Brussels-based think tank Bruegel presented its findings to a meeting of 28 European Union (EU) member state representatives in Vienna, Austria. The report by Bruegel’s senior staff recommended increased scrutiny of cryptocurrency trading. It also recommended EU policymakers try to improve their understanding of the economic potential of blockchain technology.

Bruegel further suggested it would be sensible to limit “the exposure of financial institutions” to cryptocurrencies and indicated that individual country-based solutions within the EU could be an option before a move to an EU-wide policy.

According to the latest reports, following the meeting in Vienna finance ministers have agreed not to rush to regulate the market. Irish finance…

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