EBA: 51% Attack Remains Bitcoin’s Biggest Problem
Bitcoin’s biggest problem is still the threat of a 51% attack, according to Dr Dirk Haubrich of the European Banking Authority (EBA).
One European lawmaker wants to standardize ICO regulations, thereby making it easier for projects to raise funding across the EU.
The bank wants to use ethereum as a notary, but regulators discourage holding even the tiny bit of ether needed to put data on the public blockchain.
Two top European finance regulators, the EBA and the ESMA, have separately said today that cryptocurrency and ICO rules are needed at the EU level.
The European Banking Authority published a report to raise public awareness of the benefits and risks associated with the use of DLT in finance.
The EBA's new proposals for digital currency could make starting a bitcoin exchange more onerous than opening a bank, argues lawyer Adam Vaziri.