TheCryptoUpdates
BitcoinBitcoin NewsBTC NewsCryptoCrypto ScamsCryptocurrency NewsEthereumEthereum NewsFinanceGeneral NewsLitecoin NewsNewsRegulationsShiba InuTwitter

EU Commissioner Demands: Global Regulators Must Create a Uniform Crypto Regulation

EU Commissioner Demands: Global Regulators Must Create a Uniform Crypto Regulation

The well-known Twitter page for cryptocurrency and bitcoin news, Watcher Guru, recently tweeted and broke the news that EU commissioner Mairead McGuinness has called for a global agreement on bitcoin and crypto regulation.

Europe’s financial services and capital markets commissioner at the European Commission, Mairead McGuinness, is urging global authorities to work together to solve possible concerns in the cryptocurrency industry.

As McGuinness opined in a Sunday opinion post for political news source The Hill, both the EU and the US should work to set a global standard for cryptocurrency regulation that takes into account both the advantages and “significant risks” of the cutting-edge technology.

According to the EU commissioner, there is a danger of insider trading, the prospect of Russia using cryptocurrency to escape sanctions and environmental issues that need to be addressed.

***

 

Related Articles

Victims File Bitcoin Mining Scam in Thailand Against CryptoMining.Farm

Kesarwani

Bitcoin Hedge Fund Fined $2.5 Million for Ponzi Scheme

Kesarwani

The Luna Founder was fined $108.5 million for evading taxes in Korea

Mridul Srivastava