EU seeks deal on ground-breaking rules to regulate crypto

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Reuters UK

By Huw Jones LONDON (Reuters – The European Union on Thursday will seek agreement on ground-breaking rules for regulating crypto assets as the rout in bitcoin piles pressure on authorities to rein in the sector. Globally, crypto assets are largely unregulated, with national operators in the EU only required to show controls for combating money laundering. A deal would put the EU ahead of the global regulatory pack by giving issuers of crypto assets and providers of related services a “passport” to serve clients across the EU from a single base, while meeting added capital and consumer protecti…

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