Published
3 years ago on
September 20, 2020
- Over the past few years, cryptocurrencies have been a thing that many governments have either welcomed with open arms or shunned like a criminal.
- However, in 2020, more countries have welcomed Cryptocurrency as the demand for the asset continues to rise.
Over the past few years, cryptocurrencies have been a thing that many governments have either welcomed with open arms or shunned like a criminal. However, in 2020, more countries have welcomed Cryptocurrency as the demand for the asset continues to rise.
The European Union is one political/economical organisation that has become the newest body to tailor down new guidelines for digital currency regulations.
In a leaked document, almost 200 pages long, policies for inspecting market volatility are summarised for bitcoin as well as all the cryptocurrencies. This even includes stablecoins.
This new trust law would mean that the European Union is making moves externally in order to bring in crypto adoption on a smoother level for the future. On top of this, the European Union would then become the first-ever jurisdiction to regulate crypto in such a way.
As many of you will know, Germany, France, Italy and many more countries are a part of this organisation. The two former are already creating their own rules and regulations that will ensure investor and customer rights protection when it comes to digital assets. The future is looking bright for crypto.
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
