EU Financial Ministers Reportedly Advised To Adopt A Common Regulatory Framework

News agency Reuters claims that Bruegel, an economic think-tank has prepared a report, written for the Austrian Presidency for the Council of the EU for the Economic and Financial Affairs Council (ECOFIN) meeting hosted by the EU, to be held on the 7^th and 8^th September. Such report is allegedly suggesting that EU economy and finance ministers will need to adopt a regulatory framework on dealing with Cryptocurrencies and Exchanges.According to the think-tank, adopting a standard regulatory framework will allow the EU to exploit the full potential of blockchain based industries and Virtual Financial Assets.

Such developments took place after Malta issued further draft regulations to provide the blockchain industry with a regulatory framework intended to provide space for the industry to thrive.