EBA Calls For Crypto Review, Warns Of 'Highly Risky' Activities

The EU’s top payments regulator has recommended that the European Commission considers further reforms for crypto-assets, warning that some activities are “highly risky” yet fall outside existing regulatory regimes.

Following an assessment of whether existing legal frameworks are adequate for blockchain-based tokens such as virtual currencies, the European Banking Authority (EBA) issued a report this morning with a series of recommendations for policymakers.

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