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New report urges EU regulation of ICOs and cryptocurrency exchanges

Sep 10, 2018

Bruegel, a Brussels-based thinktank, has published a new report that calls for unified legislation on cryptocurrencies, and more focus on how they are distributed to investors. Furthermore, the report has now been distributed to European Union ministers.

Reuters reported that the Belgian thinktank released the report ahead of the meeting last week of financial and economic affairs ministers from the European Union. The ministers were set to discuss the taxation of the digital economy and cryptocurrency investment. The report urges the regulation of ICOs (Initial Coin Offerings) and cryptocurrency exchanges at European Union level, to harness the potential of blockchain technology and manage associated risks.

In addition, Bruegel does note the potential offered by the fast advances in crypto and blockchain, and recommended lighter regulation “to experiment and learn about the best approaches to this fast-developing technology”

Source & Full article: Crypto News Review

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