news

bitcoin

1 X bitcoin bitcoin =

Sunday

27 September 2020

Issuing Stablecoins in the EU Set to Be More Difficult in a New Crypto Proposal

Issuing Stablecoins in the EU Set to Be More Difficult in a New Crypto Proposal


smart summary beta

As digital currencies take root, the EU plans to set up a body of watchdogs comprising national and European authorities to oversee what they term as “significant development in the crypto scene” as per a recent cryptocurrency draft proposal submitted to the European Commission, reports EURACTIV on Sep 10.

The overarching goal will be to protect investors and traders, provide legal certainty, support innovation, and overly provide financial stability and market integrity while steering clear from regulating central bank-backed digital currencies (CBDC) of which some member states are considering.

Under these newly defined proposals, cryptocurrencies will be regulated depending on the risks they pose to investors and how destabilizing they can be to the wider economy

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.1)

Article Metadata

author

site

btcmanager.com
Market data feeds provided by cryptocompare.com
bitsmart 2018