European Commission and cryptocurrency

EU Commission may consider regulating cryptocurrencies before 2019

upcoming Action Plan on FinTech and on the EU’s position at the upcoming G20 in Buenos Aires,” said Dombrovskis, in reference to the financial technology that describes an emerging financial services sector. “We have not excluded the possibility to move ahead (by regulating cryptocurrencies) at the EU level if we see, for example, risks emerging but no clear international response to the threat.”

Despite what might be interpreted as a sombre warning about the potential downside cryptocurrencies might have for investors, Dombrovskis was quick to point out that he remained positive about initial coin offerings (ICOs), saying the EU – one of the smaller traders of cryptocurrencies – needed to work with other G20 nations to address any potential risks.

more on cryptocurrency in this IMS blog

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