EU aims to regulate bitcoin as a traditional financial product
Experts in technology and innovation say that the objective is to debate on the draft for European regulation on crypto
The European Union is looking for a way to change the vision that separates blockchain technology from crypto assets and with it the new legal framework proposes the stimulation of cryptocurrencies in a similar way to the products of the stock market.
According to experts such as Alberto Gómez Toribio, a specialist in Technology and Innovation, the main objective is to discuss the draft European regulations on crypto assets, as he raised in a virtual forum organized on October 2 by Crypto Plaza, in Spain.
Gómez’s thesis coincides with other specialists in the area such as Cristina Carrascosa, from the firm Pinsent Masons, who assures that the European Union project responds to the need to regulate the sector in the region and for this “it is important that the companies do not continue operating as in the Wild West.”
However, Alberto Gómez, makes mention of some aspects that are affecting the ecosystem: “although it is positive the fact that there is open talk about crypto assets and names are given to many things that are already established, I see this as an attempt to pigeonhole the activity that occurs in the cryptocurrency industry.”
For the technology specialist, it is important to understand “that the products and services that appear in the cryptocurrency market are not the same as those in the stock market and are governed by different principles.”
K.Villarroel
Source: criptonoticias
