Brussels based think tank Bruegel insists there is the need for the EU to put the hammer down and regulate the cryptocurrency market. Bruegel claims there is a growing need for EU-level regulation, particularly of initial coin offerings (ICOs) and cryptocurrency exchanges, Reuters reports. It would seem that EU authorities have steered clear of regulating the market due to its relative insignificance, as volumes of cryptocurrency purchased with Euros is relatively low. That said, the EU won’t be able to regulate cryptocurrencies directly due to their intangibility. As such, the Belgian think tank recommends that regulating the key players of…
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