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UK And EU Crawl Toward Virtual Currency Regulation

Law360 (November 1, 2018, 2:20 PM EDT) -- In the last month, U.K. and European politicians have been vocal about the regulation, or lack thereof, in the virtual currency sphere. While their comments and recommendations aren’t legally binding, and are some distance from becoming so, they can provide an indication of where lawmakers may be heading. Currently, there is no EU-harmonized approach for the specific regulation of virtual currency.

U.K. Treasury Committee Report

On Sept. 19, 2018, the U.K.'s Treasury Committee released a report on crypto-assets as a part of its ongoing Digital Currencies Inquiry, in which the committee strongly and unanimously recommended that the U.K. regulate virtual currencies...

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