The EU Is Taking Another Look at Regulating Crypto

Cryptocurrency traders and issuers of virtual currencies are in for a fresh round of scrutiny from European politicians.

Finance ministers from the European Union’s 28 member states will discuss a host of challenges posed by the growing popularity of digital assets and whether rules should be tightened, according to a draft note prepared for a Sept. 7 meeting in Vienna that was seen by Bloomberg News. They include a general lack of transparency and also crypto’s potential to be misused for money laundering, tax evasion and terrorist financing.