What is a cryptocurrency?

Cryptocurrencies (or “crypto” for short) are decentralized currencies, meaning they’re neither issued nor governed by a central bank. Some cryptocurrencies are issued by their developers, while others are generated by their respective network algorithms.

Who regulates crypto assets in Europe?

Leading up to the G20 summit in June, the Financial Stability Board has detailed how the European Union and its member countries are regulating crypto assets, who the regulators are in each country and the scope of their oversight. In most cases, crypto assets are overseen by several regulators.

Is Europe banning cryptocurrency?

Is Europe Banning Crypto? Not Exactly. The EU’s big news today comes from the long debated Markets in Crypto Assets (MiCA) proposal. This bill would set the infrastructure for cryptocurrency policy within the Union. Introduced in 2018, EU members have been back and forth on the terms and conditions of the final legislation.

What is cryptocurrency and why have businesses and consumers not adopted it as a common medium of exchange?

Although cryptocurrency is defined as a form of “digital currency”—implying it’s a kind of money—most businesses and consumers have not adopted it as a common medium of exchange. In other words, most stores will not accept crypto as a form of payment.