Stricter Crypto Regulations Brewing in EU

News
Thu, 08/30/2018 - 13:29
Alex Dovbnya
EU regulators are to meet in Vienna (Austria) to take a closer look at digital assets in the wake of their growing popularity. They will focus on regulations for crypto
Cover image via U.Today

A number of EU regulators are expected to meet in Vienna (Austria) on Sept. 7 in order to take a closer look at digital assets in the wake of their growing popularity. They will reportedly focus on tighter regulations for cryptocurrencies in order to prevent tax evasion, money laundering and other types of illicit activities that involve cryptocurrencies.

Remarkably enough, a draft note, which has been prepared for the upcoming meeting, reveals that European lawmakers generally have a positive attitude towards ICOs, describing them as an ‘effective’ means of fundraising in sharp contrast to the earlier ESMA warning that describes coin offerings as ‘highly risky’ activities.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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