Why the EBA report is good news for digital currencies
Last week, the London-based European Banking Authority released a 46-page “Opinion on Virtual Currencies”, covering both centralised and decentralised digital currency systems as reported by CoinTelegraph. The EBA is entrusted with ensuring effective and consistent regulation of financial institutions across the EU and this document provides a thorough evaluation of the risks presented by digital currencies, as well as initial thoughts on how they might be regulated. Many of the headlines have focused on the EBA’s “ban” on regulated financial institutions holding, buying or selling digital....
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