Stricter Crypto Regulations Brewing in EU

  • Alex Dovbnya
    📰 News

    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


Stricter Crypto Regulations Brewing in EU

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.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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