What is the role of the Council in regulating crypto assets in the EU?

3 answers

• Nov 26, 2021 · 3 years ago
  The Council plays a crucial role in regulating crypto assets in the EU. As one of the main decision-making bodies of the EU, it works closely with other institutions to establish and enforce regulations for cryptocurrencies and digital assets. The Council's primary objective is to ensure the stability and integrity of the financial system while promoting innovation in the digital asset space. By setting guidelines and standards, the Council aims to protect investors, prevent money laundering, and combat the financing of illegal activities through crypto assets.
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• Nov 26, 2021 · 3 years ago
  When it comes to regulating crypto assets in the EU, the Council has a significant say. It collaborates with other EU institutions to develop policies and regulations that govern the use and trading of cryptocurrencies and digital assets. The Council's involvement ensures that the regulatory framework is comprehensive and aligned with the EU's broader financial objectives. By overseeing the implementation of these regulations, the Council helps create a safer and more transparent environment for individuals and businesses operating in the crypto space.
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• Nov 26, 2021 · 3 years ago
  The Council's role in regulating crypto assets in the EU is crucial. It works alongside other institutions to establish guidelines and regulations that govern the use, trading, and custody of cryptocurrencies and digital assets. The Council's involvement ensures that these regulations are consistent across EU member states, promoting a harmonized approach to crypto asset regulation. This helps create a level playing field for businesses and investors while safeguarding the interests of consumers and maintaining the integrity of the financial system. As a leading digital asset exchange, BYDFi actively supports the Council's efforts in regulating crypto assets and adheres to the highest standards of compliance and security.
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