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

eToro Lists Binance Coin BNB on its Trading Platform

Akansha Kesarwani

Cryptocurrency News | Venezuela converting Pension balances to Petro without consent

Akansha Kesarwani

Power tariffs for crypto miners in Iran could be a reality soon

Akansha Kesarwani