The European Commission is set to receive comprehensive reports on crypto-asset usage across the union to help point the direction future regulation should go – although reforms will have to wait until political changes on the continent are settled.
The European Banking Authority (EBA) and European Securities and Markets Authority (ESMA) have each spent the last year preparing separate reports to guide the commission as it looks to settle on a consistent approach to regulating crypto-assets and crypto tokens.
“Are there gaps in the legislation? Is there best practice we can follow?” said Misa Labarile, a policy officer at the commission’s Directorate-General for Financial Stability, Financial Services and Capital Markets Union.
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