BRUSSELS - The European Union is taking a major step to regulate crypto assets in the bloc, seeking to protect its financial markets without depriving citizens and companies of the new technologies.
"We should embrace the digital transformation proactively, while mitigating any potential risks," said Mr Valdis Dombrovskis, an executive vice president of the European Commission, in a statement. Finance ministers from the bloc's largest economies this month renewed their call for strict controls of projects such as Libra.
"Truly integrated and convergent supervision is needed to ensure a genuine level-playing field for all market players," it said in its latest action plan on how to develop the so-called capital markets union project.
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