Recently, the EU has incorporated the definition of “digital currency†into the EU's anti-money laundering law, which has led people to speculate whether the EU is enough to consider whether to regulate cryptocurrencies such as Bitcoin. However, EU Finance Commissioner Pierre Moscovici clearly answered this question when he was interviewed by Francine Lacqua on the TV show "Broadcast", saying that EU political institutions now believe that Bitcoin is not a substitute currency, so at this stage It is not intended to respond to Bitcoin, nor has it conducted talks on regulation.
Some member states of the European Union have been discussing the decentralization of the currency, the popularity of bitcoin, and the political institutions of the European Union have recently incorporated “digital currency†into anti-money laundering regulations. However, EU Financial Affairs Commissioner Pierre Moscovici said in a recent interview that there is no plan to "react" the bitcoin phenomenon at this stage.
The EU has added a definition of digital currency to existing legislation, but the Financial Commission said it has no plans to regulate Bitcoin.
Bitcoin is currently popular in the world, and national regulators and officials are discussing a lot of issues on this issue. Politics in the United States, Asia, and the European Union have been discussing ways in which they can manage cryptocurrencies by banning bitcoin companies and exchanges. EU officials are particularly concerned about issues such as terrorist financing, money laundering and tax evasion, which they believe are areas in which cryptocurrencies may be involved. News.Bitcoin.com recently released a report from European legislators adding digital currency to the Fourth AnTI-Money Laundering DirecTIve, which basically treats currencies such as Bitcoin as “money toolsâ€.
Although bystanders may think that the EU is "strike" the cryptocurrency, European Commissioner Pierre Moscovici said that the EU has no plans to regulate it at this stage.
EU member:
"At this stage we don't have to react to Bitcoin."
EU Finance Commissioner Pierre Moscovici was explicitly asked about Bitcoin's problems with regulatory digital assets when he was interviewed by Francine Lacqua on the TV show "Broadcast".
EU Finance Commissioner: Pierre Moscovici
Lacqua asked the EU Financial Affairs Commissioner:
“Members are you paying attention to Bitcoin? Does the EU have any plans to take action to regulate it?â€
Moscovici replied:
“At this stage, we think that Bitcoin is not an alternative currency, and it is different from the Euro – we think there is too much speculation around Bitcoin.â€
Sometimes this speculation is too active or frequent – ​​we have studied it and analyzed it, but we think that at this stage as a political and technical institution, we don't have to react to Bitcoin.
There is no discussion on Bitcoin regulation at this stage.
The recent additions to the EU's Fourth Anti-Money Laundering Directive include digital currency and prepaid debit cards, and these definitions are not much different from the legislation being drafted in many states in the United States. Therefore, Lacqua asked the European Commissioner whether politicians and regulators in the region are "discussing bitcoin regulation." Moscovici told the moderator that the discussion on regulation in the region is not universal.
Moscovici emphasized:
“No, we have not conducted such discussions now.â€
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