European Central Bank: We Cannot Wait for Global Policies, Cryptocurrencies Must Be Regulated Within EU

The EU has warned that it will regulate cryptocurrencies if the risks that accompany the rise of Bitcoin and its rivals are not addressed at the global level first. More discussions will be held at the G20 summit in March, but actual policy is unlikely to materialize until late this year or early 2019.“We do not exclude the possibility to move ahead [by regulating cryptocurrencies] at the EU level if we see, for example, risks emerging but no clear international response emerging,&rdq