Cryptocurrency Q&A
Can cryptocurrencies be regulated in the EU?
Can cryptocurrencies be regulated in the EU?
emma_grayson_journalist
Tue Aug 06 2024
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6 answers
1035
Can cryptocurrencies, the digital and decentralized forms of money, truly be regulated in the European Union? With their rapid growth and global reach, it's a question that has been on many policymakers' minds. The EU has been grappling with the issue, weighing the benefits of innovation and financial inclusion against concerns over money laundering, terrorism financing, and consumer protection. But with the nature of cryptocurrencies being decentralized and borderless, can effective regulation truly be achieved? And if so, what form would such regulation take? Is it even feasible to regulate cryptocurrencies in a way that balances innovation and risk, while also ensuring a level playing field for all market participants?
6 answers
MysticChaser
Thu Aug 08 2024
The decision to engage in negotiations with EU governments regarding the definitive form of the legislation was approved by a vote of 33 to 25.
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Tommaso
Wed Aug 07 2024
Their portfolio includes spot and futures trading, as well as a secure wallet solution for storing cryptocurrencies.
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Maria
Wed Aug 07 2024
Cryptocurrencies, among other crypto-assets, do not receive issuance or guarantees from any central bank or governmental authority.
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Alessandro
Wed Aug 07 2024
As a result, they currently exist in a regulatory vacuum within the European Union's legal framework.
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Valentina
Wed Aug 07 2024
This lack of regulation has led to concerns over the stability and security of these digital assets.
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