EU Official Floats New Rules for Crypto Assets
EC vice president Valdis Dombrovskis recommended warning consumers looking into how regulations apply to cryptocurrencies after a roundtable.
The European Commission will conclude a regulatory assessment of crypto assets this year, because "they are here to stay," says an official.
Over 20 European countries have jointly established a new blockchain group to share technical and regulatory expertise.
The European Commission, the EU's executive body, is launching a blockchain app association next year and already has major banks on board.
European Commission vice president Andrus Ansip stressed the need for governments and private firms to invest in blockchain technology.
The European Commission said it will host a Fintech Lab to foster emerging technologies including blockchain starting from Q2 2018.