Wall Street

EU agrees rulebook for ‘Wild West’ crypto markets

Published by
Reuters UK

By Huw Jones and Tom Wilson LONDON (Reuters) – The European Union on Thursday reached a provisional deal on the world’s first set of comprehensive rules to regulate what one lawmaker called the “Wild West” crypto market. WHAT ARE THE NEW RULES? Crypto firms that want to issue and sell digital tokens in an EU state will have to obtain a licence from a national regulator. The licence will allow operators to serve the whole 27-country bloc from one base, and be liable for losing cryptoassets from consumers’ digital wallets. Currently, firms show an EU national regulator they have adequate control…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street