EU Council Agrees On Draft Crypto-Rules, Tech Resilience

By Irene Madongo (November 25, 2021, 5:21 PM GMT) -- The European Union Council has adopted its position on changes to the bloc's draft rules to regulate crypto-assets and ensure that businesses protect themselves from cyber-threats.

The move, agreed on Wednesday, will be the basis for the Council's negotiations with the European Parliament on the draft laws. The council, made up of national government ministers, is one of the EU's three legislative bodies with the Parliament and the commission.

The two set of proposed rules — the Regulation on Markets in Crypto Assets and the Digital Operational Resilience Act — are part of the EU's digital finance package. The measures are designed to...

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