Regulation of Bitcoin at EU level is "absolutely coming and absolutely necessary", senior sources state, and is likely to arrive in the form of new legislation rather than adopted into existing laws.
PaymentsCompliance spoke to European Commission and European Council figures during two closed doors sessions this week to understand how regulators are approaching the subject of controls.
The European Banking Authority (EBA) recently repeated its stance that it would not support regulation of Bitcoin, following an opinion piece in which it outlined 70 threats associated with crypto-currencies.
Request a Free Trial
As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.Take a Trial