The European Central Bank is working to harmonize the regulatory framework governing crypto activities and services in the EU. cryptocurrency bitcoin ECB
The regulator noted that several regulatory initiatives at the European and international levels are being finalized.The European Central Bank outlined its plan to harmonize the regulatory framework governing crypto activities and services in the EU Wednesday. The regulator explained that banks are increasingly considering whether to offer crypto products and services, and it is the ECB’s role to “ensure they do so safely and soundly.
There is currently no harmonized regulatory framework governing crypto-asset activities and services in the EU. The ECB pointed out that the regulatory frameworks for crypto “diverge quite extensively” between EU countries. For example, certain crypto activities are subject to a banking license requirement in Germany. Several banks have requested authorization to conduct crypto activities in the European country, the ECB said, adding:
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