The European Central Bank (ECB) is working to harmonize the regulatory framework governing crypto activities and services in the EU. The regulator noted that several regulatory initiatives at the European and international levels are being finalized. ECB’s Regulatory Plan for Crypto Assets The European Central Bank (ECB) outlined its plan to harmonize the regulatory framework governing crypto activities and services in the EU Wednesday. The regulator explained that banks are increasingly considering whether to offer crypto products and services, and it is the ECB’s role to “ensure they do so safely and soundly.” The ECB described that it works closely with national regulators “to ensure a consistent approach and high standards across countries,” elaborating: There is currently no harmonized regulatory framework governing crypto-asset activities and services in the EU. “This will change with the finalization of several regulatory initiatives at [the] European and international l
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