ECB steps in as banks dip toes in crypto pool

Published by
Reuters UK

By Huw Jones LONDON (Reuters) – The European Central Bank (ECB) said on Wednesday it would harmonise how banks offer cryptoassets to ensure they have enough capital and expertise in a sector some European Union lawmakers have described as the Wild West. Several crypto companies like Binance and have been authorised in EU countries such as Italy, France, Spain, Greece or Germany after complying with national safeguards to combat money laundering and terrorist financing. This comes ahead of pan-EU licensing rules from 2023 at the earliest. The ECB said banks were also considering whet…

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