EU finance chief plans to bring new regulations for crypto

posted 5 months ago
Valdis Dombrovskis, vice president for the euro, social dialogue and financial services at the European Commission, plans to bring in new regulations for the cryptocurrency sector in the region. “Europe needs a common approach on crypto-assets such as Libra. I intend to propose new legislation on this” Dombrovskis told EU lawmakers.

The official, who is also a former prime minister of Latvia, further said that the EU should tackle “unfair competition [regarding Libra], cybersecurity, and threats to financial stability” in regulating cryptocurrencies.
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