This is a good development especially for cryptocurrency enthusiasts and supporters within the EU countries. I am expecting that Europe can lead the way when it comes to regulating the cryptocurrency industry though I am not expecting that this is going to be a walk-in-the-park kind of thing because we know that governments sally don't share their control of the economy and finance...and in Europe they are very specific about these issues. Let's hope that eventually what can be approved will not be restricting the crypto industry but instead be open for innovations.