European Commission to study request for stringent regulations on cryptocurrencies

The finance ministers of the European Union met this Friday in Berlin, Germany, for the first time since the implementation of the quarantine due to the Covid-19 pandemic.

One of the main topics on the agenda was cryptocurrencies. The finance ministers of Germany, France, Italy, Spain and the Netherlands called for clear and strict rules regarding digital assets.

It was learned that during the meeting, a draft was prepared containing the proposals related to cryptocurrencies, where the representatives of the member countries of the European Union ask that stricter requirements be established in order to avoid risks.

Some news related to this issue outlines that the European Union would be working on the creation of a monitoring body for cryptocurrencies. In this regard, the Spanish newspaper El Economista published: “The EU will establish a new college of supervisors, with national and European authorities, to monitor significant digital currencies.”

There is still a long way to go and we will have to wait for future meetings on the subject of cryptocurrency transactions in Europe.

M.Pino

Source: cointelegraph