Introduced in 2020, the framework seeks to establish oversight of the crypto industry at the EU-level. The proposal, introduced by the union’s executive arm, the European Commission, lays out rules for cryptocurrency issuers and service providers, and even specifies rules for stablecoins (cryptocurrencies pegged to the value of real assets like the U.S. dollar). More ambitiously, the framework seeks to establish a licensing system so that crypto firms can expand through member states with…
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