According to CCN, a high ranking European Union official has dismissed suggestions of the EU looking at regulating bitcoin markets and exchanges.<\/p>\n
In an interview with\u00a0Bloomberg, Pierre Moscovici \u2013 European Union Commissioner for economic, financial affairs, taxation and customs, played down talk of supposed EU-wide bitcoin regulations while revealing the EU\u2019s view of the cryptocurrency.<\/p>\n
\u201cAt this stage, we do not consider [bitcoin] as an alternative currency,\u201d Moscovici said, comparing the world\u2019s first decentralized cryptocurrency to EU\u2019s fiat currency, the Euro.<\/p>\n
\u201cWe see that there is quite a lot of speculation about that,\u201d added the official, who previously served as the Minister of Finance for France between 2012-14. Moscovici then referenced recent remarks from former US Fed Reserve chairman Alan Greenspan who said \u201cbitcoin is a really fascinating example of how human beings create value\u201d while deeming it an irrational currency.<\/p>\n
Notably, Moscovici went on to confirm that while the EU had studied bitcoin, the authority isn\u2019t pressing ahead with any regulatory oversight into European bitcoin markets and exchanges. Not yet, anyway.<\/p>\n
He stated:<\/strong><\/p>\n We looked at that [bitcoin], we analyzed the fundamentals but we don\u2019t think we have to react at this stage as a political and technical body.<\/p><\/blockquote>\n \u201cNo we are not having those conversations right now,\u201d stressed Moscovici, when asked explicitly if the EU was in talks with European regulators about introducing regulatory frameworks for the cryptocurrency.<\/p>\n Curiously, the EU official\u2019s remarks are in direct contrast to those of Valdis Dombrovskis \u2013 vice president of financial stability, financial services and capital markets at the European Commission, the executive arm of the European Union.<\/p>\n \u201cIn recent weeks, bitcoin has our heightened attention,\u201d said Domrovskis, speaking to reporters on a public news conference last week. The official also\u00a0reportedly sent letters\u00a0to banking and markets watchdogs across the EU, urging them to warn adopters of risks in investing in cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":" According to CCN, a high ranking European Union official has dismissed suggestions of the EU looking at regulating bitcoin markets and exchanges. In an interview with\u00a0Bloomberg, Pierre Moscovici \u2013 European Union Commissioner for economic, financial affairs, taxation and customs, played down talk of supposed EU-wide bitcoin regulations while revealing the EU\u2019s view of the cryptocurrency. \u201cAt this stage, we do not consider [bitcoin] as an alternative currency,\u201d Moscovici said, comparing the world\u2019s first decentralized cryptocurrency to EU\u2019s fiat currency, the […]<\/p>\n","protected":false},"author":8,"featured_media":5842,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/5840"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=5840"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/5840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/5842"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=5840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=5840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=5840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}