The European Commission hosted a panel discussion entitled “ Cryptocurrencies – Opportunities and Risks “, covering the influence of crypto on the financial markets and issues related to Initial Coin Offeringings (ICO) Monday 26 February
The Round Table was chaired by Valdis Dombrovskis, Vice-President of the Commission in charge of Financial Stability, Financial Services and Capital Markets Union
The Commission’s press release describes the event as a place for organizations of the European Union, countries, central banks, academics and entrepreneurs for “ responding to the challenges posed by cryptocurrencies.) and their underlying Blockchain technology. “
The conference was divided into three themes: Crypto and financial markets, investors protect After the conclusion of the round table, Dombrovskis told the press that Europe had such a small share of the cryptography trade, which he called a “global phenomenon” (19459004 ] “, The next step is a discussion on the same topics at the G20 level, echoing the views of French and European Central Bank officials.
He told a reporter that he also did not rule out the possibility of going ahead. He added that “ Blockchain technology holds great promise for financial markets, ” and that steps must be taken not to hinder technological progress in the world of crypto
Dombrovskis reiterated the previous position of EU regulators on the risks inherent in investing and trading cryptography at the end of his press conference, stating that “ warnings about these risks for consumers, o Investors must be clear, frequent and common to all jurisdictions . “
Last Friday, Austrian Finance Minister Hartwig Löger spoke about his idea to establish crypto regulations on those that already exist for gold and derivatives as well as any crypto-pan-European regulations on this basis.
A plan for Action fintech is expected to be presented by the European Commission in early March.