Skip to content
Subscriber Only

EU Is Open to Cryptocurrency But With Regulation, Top Official Says

  • Ylva Johansson addresses panel at Munich Security Conference
  • EU more receptive than China but still seeks to prevent fraud
Ylva Johansson

Ylva Johansson

Photographer: Kenzo Tribouillard/AFP/Getty Images

The European Union is open to cryptocurrencies including Bitcoin or a digital euro but regulations must first be strengthened to prevent fraud, EU Commissioner for Home Affairs Ylva Johansson said at the Munich Security Conference Friday.

“I’m not uncomfortable with digital currencies but we need to regulate them in a proper way” so criminal organizations and terrorists can’t exploit the anonymity allowed by some networks, Johansson said.