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Europe Daily Bulletin No. 12365

8 November 2019
ECONOMY - FINANCE - BUSINESS / Finance
EU does not refrain from banning cryptocurrencies if their identified risks exceed opportunities
Brussels, 07/11/2019 (Agence Europe)

No global stablecoin arrangement should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and addressed”, says a draft statement by the EU Council and the European Commission to be submitted to EU finance ministers on Friday 8 November for formal adoption in December.

The draft declaration identifies many challenges and risks related to consumer protection, privacy, taxation, cybersecurity, money...

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