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EU prepares for action on crypto assets

A new EU directive regulating cryptocurrencies and other crypto assets could put the brakes on the growing crypto market.

Photo: Dado Ruvic/REUTERS / X02714

The EU has almost finished negotiating a new directive that will align providers of cryptocurrencies and other crypto assets with other financial players, Danish financial daily Børsen reports.

The directive will apply in all 27 member states and has the pontential to put a stopper in the rapid growth of the crypto market, which according to Stefan Berger, German representative at the European Parliament and chief negotiatior of the directive, raises "serious concerns" for financial stability.

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