Why did European Union states give a final nod to cryptocurrencies?

Image Credit: Shutterstock European Union states on Tuesday gave the final nod to the world's first comprehensive set of rules to regulate cryptoassets on Tuesday, piling pressure on countries such as Britain and the United States to play catch up.

Which states have crypto-friendly laws?

Some, like Wyoming, Colorado, and Ohio, have introduced crypto-friendly laws, as they want to attract the burgeoning cryptocurrency industry. Others, like New York and Washington, have strict crypto requirements. New York has led the way in crypto regulation. Its BitLicense controls how exchanges store currency and which coins exchanges can trade.

Will European countries play catch up with cryptocurrencies?

May 16 (Reuters) - European Union states on Tuesday gave the final nod to the world's first comprehensive set of rules to regulate cryptoassets on Tuesday, piling pressure on countries such as Britain and the United States to play catch up.