European Banking Authority Calls for Unified Crypto Rules

The results of a year long study by the European Banking Authority shows that the current regulatory environment for crypto assets can be exploited; the 3 key areas they highlight are consumer protection, operational resilience and a level playing field; they believe the various approaches to regulation in the many member countries can encourage criminal behavior; money laundering is a key aspect of the report as it is believed to be the biggest issue with crypto assets; creating a unified set of rules will help to cut down on fraud and allow for the proper supervision of the market. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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