The European Banking Authority (EBA) has called for new pan-EU rules on crypto assets in a bid to heighten consumer protection.
The European Banking Authority (EBA), the EU’s pan-European banking regulator, published the results of its year-long investigation into crypto assets such as bitcoin and ICO tokens on Wednesday.
The report found that “a significant portion of activities involving crypto-assets do not fall within the scope of current EU financial services law (but may fall within the scope of national laws).” As a result, there is the possibility of regulatory divergence between members of the EU.
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