EU Finance Ministers Stall on Crypto Regulation13.86

EU finance ministers have sidelined a think tank report calling for stricter cryptocurrency regulation within the European Union, citing a need for caution in developing a nuanced approach to the potential risks presented by the cryptocurrency market. The EU’s delay in composing a definitive crypto regulation strategy coincides with failed regulatory action in China, where authorities have failed to block access to offshore exchanges.

EU policymakers gathering at a financial summit in Vienna over the weekend have stated that they will wait for the results of an in-depth analysis of the cryptocurrency market and the impact of blockchain technology currently being conducted by European authorities before moving forward with strict regulatory responses.

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