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September 12, 2020

European Union Seeks Strict Regulation of Crypto and Stablecoins in New Draft Law

European Union Seeks Strict Regulation of Crypto and Stablecoins in New Draft Law

[ad_1] The European Commission, the executive arm of the E.U., has drawn up regulation to tightly monitor cryptocurrencies it considers “significant”, including asset-backed stablecoins like Facebook’s libra. Euractiv, a European news outlet, first reported the news on Sept.10, citing a leaked 167-page draft crypto proposal. According to the report, the regulation will seek to tackle […]