EU Parliament Vote is IN | What's Next for Bitcoin and Ethereum in the EU
The European Parliament has voted in favor of a new set of regulations that will bring digital currencies, such as Bitcoin and Ethereum, under the purview of the European Union. This means that the digital currency industry will be subject to the same anti-money laundering and know-your-customer regulations as the traditional banking sector.
The new regulations will also require digital currency exchanges to register with the relevant national authorities, and will require them to have certain measures in place to ensure the safety of customer funds.
The regulations will come into force in January 2020, and will be enforced by the European Banking Authority.
It is expected that the new regulations will provide greater clarity and stability for digital currency investors, as well as provide greater consumer protection for users of digital currencies.
The vote is seen as a major step forward for the digital currency industry, and will likely lead to increased adoption of digital currencies across the European Union.