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EU seeks deal on ground-breaking rules to regulate crypto

Channel News Asia LogoChannel News Asia1 mo ago

EU seeks deal on ground-breaking rules to regulate crypto

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LONDON (Reuters - The European Union on Thursday will seek agreement on ground-breaking rules for regulating crypto assets as the rout in bitcoin piles pressure on authorities to rein in the sector.

A source involved with the talks said three issues remained: non-fungible tokens (NFT), supervision, and energy consumption.

The United States and Britain, two crypto centres, have yet to approve similar rules.


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Article Details

Category: Economy

Topics: Assets Crypto Firms Bitcoin Month Mediacorp Tokens European Cryptocurrency Rules Deal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 14:07:57

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 407 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 21921

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 62 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 54m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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