Several crypto companies like Binance and Crypto.com have been authorised in EU countries after complying with national safeguards to combat money laundering and terrorist financing
The European Central Bank said on Wednesday it would harmonise how banks offer cryptoassets to ensure they have enough capital and expertise in a sector some European Union lawmakers have described as the Wild West.
“It is in this context that the ECB is taking steps to harmonise the assessment of licensing requests.” “Importantly, working closely with national supervisors, the ECB will strive towards greater consistency in prudential assessments across national regimes,” the ECB added.
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