EU Eyes ‘Fit For Purpose’ Virtual Currency Regulation

The European Commission is set to begin discussions with national authorities and market participants on whether virtual currencies are in need of more effective regulatory oversight.

Valdis Dombrovskis, the commission’s vice president, told reporters on Tuesday that he will host a “high level roundtable” on February 26 to discuss how to approach the technology.

“The commission has invited key authorities, including central banks and supervisors, as well as market players to share their insights,” he said at a press conference.

“The aim is to look at long-term trends linked to virtual currencies, and examine if current regulation is fit for purpose.”

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