The European Union is delaying the decision on the regulation of cryptocurrencies

Despite periodic warnings of the financial regulators of the European countries about the risks of transactions with cryptocurrencies, the European Commission continued to delay the decision of a question on cryptocurrency regulation at the EU level.

The head of target financial and technical group of the European Commission Peter Kerstens (Peter Kerstens) noted that the high volatility of the cryptocurrency market is not an urgent problem, taking into account the fact that most of it falls on investors from Asia.

«Our task is to understand the possible risks and find out what needs to be adjusted»,- quotes his statement at a recent forum EURACTIV and American Express.

At the same time, Valdis Dombrovskis (Valdis Dombrovskis), the Vice-President of the European Commission and European Commissioner for Euro and social dialogue Commission Jean-Claude Juncker admits that the technology of the blockchain has some serious potential, so the EU should treat it with due care.

Peter Kerstens and Valdis Dombrovskis agreed that the final decision on the need for a new regulation should be postponed until the G20 forum, and Kerstens added that cryptocurrency «will require a global effort.»

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