EU's Centralized Crypto Oversight Bid Sparks Legal Uncertainty Concerns
EU's Centralized Crypto Oversight Bid Sparks Legal Uncertainty Concerns
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Industry groups are expressing significant concerns regarding the European Union's initiative to centralize oversight of crypto markets under a single supervisory authority. Critics warn that this shift could lead to considerable legal uncertainty within the digital asset space.
While the European Union (EU) authorities are pushing to shift oversight of key financial markets, including crypto, to a centralized supervisory authority, some industry players have shared multiple concerns about the proposal. Related Reading: BlackRock’s $2.5 Billion BUIDL Fund Launches On BNB Chain EU’s Plan For Crypto Oversight Shift Raises Concerns On Friday, Bloomberg affirmed ...