The EU should regulate cryptocurrency market with a unified policy approach, Bruegel NGO has urged in a new analysis, according to a Reuters report on Wednesday.
EU should enact a common policy that targets entities dealing with these assets such as exchanges, Bruegel said in the report, as the regulation of cryptocurrencies like Bitcoin (BTC) is nearly impossible due to the decentralized nature of virtual coins. The Brussels-based economic NGO also urged for a pan-EU approach towards the Initial Coin Offerings (ICOs), the crypto crowdfunding model that has become very popular in recent months. The EU accounts for about 30% of the ICO global market.
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