The European Union has approved the regulation of cryptocurrencies

The European Union has approved the regulation of cryptocurrencies – licenses for mining, trading and storage are required for all companies

At a meeting in Brussels, EU countries’ finance ministers adopted a comprehensive set of rules regulating cryptocurrency assets – the European Parliament approved this document in April. The rules will come into effect in 2024.

    Image source: NoName_13 /

Image source: NoName_13 /

The issue of cryptocurrency regulation has become particularly relevant following the collapse of FTX, one of the world’s largest cryptocurrency exchanges. As a safeguard, a regulation has been introduced that requires any company wishing to issue, sell and accept digital assets for storage in the EU to obtain a license. Measures have also been taken to combat money laundering and terrorist financing: from January 2026, cryptocurrency service providers are obliged to record the names of senders and recipients of crypto assets in transactions, regardless of the amount of the transfer.

The EU countries also agreed to cooperate in the area of ​​taxation of activities related to cryptocurrency transactions as well as those with particularly high incomes. Market participants say that similar rules should now be adopted in other countries – this would make cross-border transactions easier. Meanwhile, the UK has outlined a phased approach: regulation will first affect stablecoins and then other fiat cryptocurrencies. The United States is adapting existing securities legislation to cryptocurrencies.

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Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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