The ECB will create a unified regulatory framework to govern crypto activities and services

[The European Central Bank will create a unified regulatory framework to manage encrypted activities and services] Jinse Finance reported that the European Central Bank (ECB) is working hard to coordinate the EU's regulatory framework for encrypted currency activities and services. The regulator noted that several regulatory initiatives at the European and international level are being finalized. The regulator explained that banks are increasingly considering whether to offer cryptocurrency products and services, and that the ECB’s role is to “ensure that they do so safely and soundly.” The ECB said it worked closely with national supervisors "to ensure a consistent approach and high standards across countries". Currently, there is no unified regulatory framework in the EU to manage crypto asset activities and services. (Bitcoin.com)

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