EU Creating a Regulatory Regime for Cryptocurrencies, Says Economic Chief

[Tnoy30]

The European Union is preparing a new cryptocurrency regime that could include stricter requirements for “global stablecoin” projects such as Libra.

The bloc’s lead economics minister, Valdis Dombrovskis – or to give him his full title, the European Union’s Executive Vice President of the European Commission for An Economy that Works for People – said Europe had to seize the opportunity to become one of the main rule-makers for digital finance.
Read on: https://www.coindesk.com/eu-bloc-wide-regulatory-regime-crypto-economic-chief

[Delgado]

States will in any case regulate the circulation of cryptocurrencies and private stablecoins on their territory. This is their right and duty. It is better if general rules for their walking are developed with the aim of their uniform application. In addition, the states of the European Union are generally very loyal to decentralized cryptocurrency. Therefore, their rules must be acceptable in order for the cryptocurrency to develop further.

[lepbagong]

States will in any case regulate the circulation of cryptocurrencies and private stablecoins on their territory. This is their right and duty. It is better if general rules for their walking are developed with the aim of their uniform application. In addition, the states of the European Union are generally very loyal to decentralized cryptocurrency. Therefore, their rules must be acceptable in order for the cryptocurrency to develop further.

It is true that to regulate crypto in each country, it is very different in terms of the existence of Crypto itself. The desire to be able to make crypto a common reference in several countries can certainly be constrained by the interests of their respective countries, I agree that like the European Union countries, it may already be able to apply because of one perception and have had experience to unite currencies. but for other countries there will definitely be obstacles that we cannot predict, because there are still many countries that have not recognized crypto. for a confession alone it is still difficult especially to move towards a better one because it is true that the interests of each country are clearly very different in recognizing crypto. it still takes time and a view that all about crypto can understand.