EU Regulators to Discuss Crypto Regulation Next Week

A group of European Union regulators will meet next week to discuss the regulation of cryptocurrencies.

AccessTimeIconFeb 20, 2018 at 6:00 p.m. UTC
Updated Sep 13, 2021 at 7:35 a.m. UTC

A group of European Union regulators will meet next week to discuss the regulation of cryptocurrencies.

Speaking to reporters on Tuesday, European Commission vice president Valdis Dombrovskis said that the meeting would involve representatives from central banks as well as the bloc's market supervisors. Though unnamed, Dombrovskis said that "market players" would also be invited to speak.

He said at the presser:

"Next week, on [Feb. 26] I will chair a high level roundtable on virtual currencies. The Commission has invited key authorities, including central banks and supervisors, as well as market players to share their insights."

"The aim is to look at long-term trends linked to virtual currencies, and examine if current regulation is fit for purpose," he added.

The timing of the event is a notable one, given that some European leaders – including France and Germany – have called for more discussions around the topic.

Monday's "roundtable" also comes on the heels of discussions among U.S. lawmakers and regulators about the potential need for expanded oversight of the market (though other officials have said that any move in that direction won't happen soon).

It's possible that at least some of those at the roundtable will skew toward a harsher stance on regulation, as perhaps evidenced by the warning issued earlier this month by three market watchdogs – the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA).

Whether representatives from those specific agencies will be in attendance is not known at this time.

EU flag image via Shutterstock

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Meet ‘Frequency,’ Polkadot’s New Decentralized Social Media Parachain

The team behind Project Liberty’s Decentralized Social Network Protocol unveiled the newly named parachain at Polkadot Decoded.

CoinDesk - Unknown
2
CoinDesk - Unknown
DeFi Shouldn't Be Regulated, Crypto Advocates Tell UK Regulator

The advice comes from those who participated in a forum the Financial Conduct Authority held to hear from the digital assets industry.

CoinDesk - Unknown
3
CoinDesk - Unknown
Market Wrap: Bear Market Guides in Vogue as Bitcoin Drops for Fourth Straight Day

BTC was sliding toward $20,000 on Wednesday, as the Bankless newsletter offers mental health tips for surviving a crypto winter.

CoinDesk - Unknown
4
CoinDesk - Unknown
Troubles at Compass Mining and Citi Flags Crypto-Backed Real Estate Mortgages

The most valuable crypto stories for Wednesday, June 29, 2022.

CoinDesk - Unknown