Cryptocurrencies
EU Seeks to Speed Up Crypto Rules in Push to Tighten Sanctions
- Brussels wants shorter implementation period of proposed rules
- Negotiators disagree over green safeguards for digital assets
Photographer: Angel Navarrete/Bloomberg
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The European Union is seeking to speed up a push for new cryptocurrency rules amid concerns that the digital tokens could be used to circumvent sanctions on Russia following the invasion of Ukraine.
The European Parliament and member states discussed on Thursday the possibility of shortening the two-year implementation period for proposed EU rules known as the markets in cryptoassets (MiCA) during the first round of talks to finalize it, an EU official said.