Major Banks Sign Up for New EU Commission Blockchain App Association
The European Commission, the EU's executive body, is launching a blockchain app association next year and already has major banks on board.
Facebook is reportedly already under investigation by the EU over antitrust issues related to its Libra cryptocurrency project.
Malta should increase its anti-money laundering policing to match the growth in financial and crypto services, according to the EU.
The European Commissioner for Competition, Margrethe Vestager, is asking tough questions of Libra over its potential closed economy.
Over 100 firms including SWIFT, IBM and Ripple have joined a blockchain association officially launched by the European Commission on Wednesday.
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.