ECB’s Final Plan for Cryptos
ECB want to harmonize the regulatory framework for crypto activities and crypto service providers. ECB partners and works with national authorities individually in order to create an unified framework that could be implemented universally in the entire Eurozone ecosystem.
The changes are expected to be included in MiCA (Markets in Crypto Assets) while they will monitored and confirmed from the Basel Committee, which acts as a regulatory authority for the banking sector.
ECB believes that cryptos have institutional risk for the investors and should be included in ruling conditions to achieve more safety.
By the end of the year, we will see more from the ECB’s side…