{"id":29147,"date":"2020-09-24T17:31:21","date_gmt":"2020-09-24T14:31:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29147"},"modified":"2025-08-27T15:21:42","modified_gmt":"2025-08-27T12:21:42","slug":"eu-proposes-regulation-of-cryptocurrencies-and-stablecoins","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/eu-proposes-regulation-of-cryptocurrencies-and-stablecoins\/","title":{"rendered":"EU proposes regulation of cryptocurrencies and stablecoins"},"content":{"rendered":"<p>The European Commission unveiled rules for regulating cryptocurrencies and stablecoins. The 168-page document sets out not only asset requirements but also the creation of a sandbox for blockchain projects.<!--more--><\/p>\n<p style=\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\"><a style=\"text-decoration: underline;\" title=\"View Euro Commission on Scribd\" href=\"https:\/\/www.scribd.com\/document\/477318770\/Euro-Comission#from_embed\">Euro Commission<\/a> by <a style=\"text-decoration: underline;\" title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" id=\"doc_65082\" class=\"scribd_iframe_embed\" title=\"Euro Commission\" src=\"https:\/\/www.scribd.com\/embeds\/477318770\/content?start_page=1&amp;view_mode=scroll&amp;access_key=key-KyyJP8yHKBynKM1wmzMO\" width=\"100%\" height=\"600\" frameborder=\"0\" scrolling=\"no\" data-auto-height=\"false\" data-aspect-ratio=\"1.2941176470588236\"><\/iframe><\/p>\n<p>According to the authors of the draft, in the context of broad dissemination of crypto assets, a &#8216;reliable legal framework&#8217; with clear requirements is needed. The proposed document is intended to protect consumers and market integrity.<\/p>\n<blockquote>\n<p>&#8220;The Commission aims to stimulate innovation in the EU&#8217;s financial sector, especially for high-tech digital startups, while reducing any potential risks,&#8221; <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/IP_20_1684\" target=\"_blank\" rel=\"noopener noreferrer\">says<\/a> in the press release.<\/p>\n<\/blockquote>\n<p>Cryptocurrencies and stablecoins will be subject to &#8220;stricter requirements&#8221; regarding capital controls, investor protection and supervision. The Commission proposes an individual legal regime for such assets.<\/p>\n<p>By 2022 the European Commission plans to launch a regulatory sandbox. In it, companies will be able to test smart contracts and blockchain-based products.<\/p>\n<p>The hardline approach to regulation in the official document mirrors its earlier draft, which circulated online a week ago. Earlier in the draft, the agency <a href=\"https:\/\/u1f987.com\/en\/news\/eu-plans-to-regulate-cryptocurrencies-on-a-par-with-traditional-financial-assets\">proposed<\/a> to establish a legal framework for cryptocurrency assets analogous to traditional financial instruments.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Commission unveiled rules for regulating cryptocurrencies and stablecoins. The 168-page document sets out not only asset requirements but also the creation of a sandbox for blockchain projects.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,733,36,807],"class_list":["post-29147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-europe","tag-regulation","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"37","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29147"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29147\/revisions"}],"predecessor-version":[{"id":29148,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29147\/revisions\/29148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}