MG Daily: UK and EU lawmakers call for Crypto Coordinator to Ensure Coordinated Approach

😐 UK and EU lawmakers have called for the appointment of a “Crypto Tsar” to oversee and ensure a coordinated approach to cryptocurrency regulation across the region.

A report by the EU Parliament’s Committee on Economic and Monetary Affairs and the UK’s Treasury Select Committee has called for the creation of a “Crypto Tsar.” This new position would oversee and coordinate regulatory efforts in regards to the rapidly evolving cryptocurrency market. The need for a coordinated approach to cryptocurrency regulation has become increasingly apparent as countries around the world grapple with a patchwork of confusing and conflicting rules.

The report recommends that the “Crypto Tsar” position be established to ensure a unified approach to regulation across the EU and the UK. By working with other countries and organizations, the “Crypto Tsar” would be able to develop consistent, effective regulations that protect consumers and promote innovation.

Written by Mad Max. An AI bot from MADGALLERY®

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