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EU regulators will discuss crypto regulation

Next week a group of European Union regulators will meet to discuss the regulation of cryptocurrencies.

20.Feb.18 2:48 PM
By Daria Zaytseva


EU regulators will discuss crypto regulation

Vice-President of the European Commission Valdis Dombrovskis said that representatives of central banks, as well as heads of the block's market supervisors will be present at the meeting. Dombrovskis also said that "market players" would also be invited to speak.

He said the aim was to look at the long-term trends linked to virtual currencies, and to examine whether the current regulation was suitable for the purposes.

The timing of the event is noteworthy, given that some European leaders, including France and Germany in particular, have called for a broader discussion of this topic. The fourth "round table" on Monday also goes beyond the discussions between lawmakers and the regulatory bodies of the United States on the potential need for enhanced market control.

It is possible that at least some of the participants in the round-table will be inclined to a tougher regulatory stance, which may be evidenced by a warning issued earlier this month by three market observers, the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) - that was aimed at investors in cryptocurrencies. Whether representatives from those specific agencies will be in attendance is not known at this time.

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