Europe is gradually positioning itself as a welcoming jurisdiction for kriptovaliutų įmonės. Meanwhile, the screws are tightening across the pond as agencies take things into their own hands due to a lack of crypto regulations.
On Feb. 26, international politics outlet Politico pranešė that European Union officials are beginning to pitch the region as a welcoming place for crypto businesses to set up shop.
Furthermore, it noted that Congress is nowhere near formulating or deploying legislation for crypto assets, adding:
“Industry leaders are increasingly making the trans-Atlantic juxtaposition to argue for clearer regulations as U.S. agencies begin to enforce decades-old rules for trading and banking in the crypto world.”
Lawyer James Finlan highlighted that Ripple could become a prime example. Should the SEC win its case against the fintech firm this year, the future for crypto in the United States would be very grim.
Source: https://beincrypto.com/europe-entices-crypto-firms-u-s-regulatory-crackdown-intensifies/