ECB officials prepare for 'harmonization' of crypto regulations: Report
Cointelegraph
Published Jul 04, 2022 05:21PM ET
Updated Jul 04, 2022 07:00PM ET
The European Central Bank, or ECB, will reportedly be preparing to implement a new law by warning European Union member states about the necessity of harmonizing regulations for crypto.
According to a Sunday report from the Financial Times, the ECB was concerned about possible regulatory overlap between respective central banks in the EU and crypto companies as officials prepare to implement the Markets in Crypto-Assets, or MiCA, framework. The European Parliament, European Commission, and European Council reached an agreement on June 30 to bring crypto issuers and service providers within their jurisdictional control under a single regulatory framework.
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Written By: Cointelegraph
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