On January 9, 2019, the European Banking Authority (EBA) published a report on crypto-assets, which includes the results of its assessment of the applicability and suitability of EU law on crypto-assets.
Generally, crypto-assets in the EU do not constitute regulated services in banking, payments, electronic money and consumer protection, and therefore consumer risks are not addressed at EU level. Money laundering is another risk that could arise from crypto-asset activities.
In response, the EBA’s report studies the following aspects of crypto-assets:
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