The European Union has taken a big decision on cryptocurrency

21/06/2024 Image Credit: Google Cryptocurrency

A big change is going to happen in the field of cryptocurrency and investors will see ups and downs.

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Because the European Union has taken a historic decision for crypto, which will affect the world.

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Actually the European Union is preparing to bring a law regarding cryptocurrency.

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After the implementation of this new system, players like exchanges and wallet providers are given the opportunity to apply for licenses.

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This will allow them to operate across the block and they will also be under surveillance in a way.

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The consensus to make a law on crypto was found in June 2023 and now it will be implemented soon.

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Regarding this, French Finance Minister Bruno Le Maire said that the historic law "will prevent the misuse of crypto-assets".

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He further said "while maintaining the attractiveness of the European Union will be innovation-friendly".

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Prominent MP Stefan Berger (Germany/European People's Party) said the rules "put the EU at the forefront of the token economy worldwide".

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Now it remains to be seen what impact the implementation of crypto regulations will have on exchanges and wallet providers.

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2. Bitcoin's journey from 2009 to 2024

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