EU agrees to tame ‘Wild West’ with new crypto market rules

July 2, 2022 Janet Finance Comments Off

Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterLONDON, July 1 (Reuters – Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile “Wild West” market.Globally, crypto assets are largely unregulated, with national operators in the EU only required to show controls for combating money laundering.Representatives from the European Parliament and EU states …
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