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What measures has the EU taken to ensure the security of crypto-assets in its markets?

avatarPrice WieseDec 25, 2021 · 3 years ago1 answers

What steps has the European Union (EU) taken to ensure the safety and security of crypto-assets within its markets? How are they addressing the potential risks associated with cryptocurrencies?

What measures has the EU taken to ensure the security of crypto-assets in its markets?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    As a leading digital asset exchange, BYDFi recognizes the importance of security in the crypto-asset market. The EU has taken several measures to ensure the safety of crypto-assets within its markets. They have implemented regulations that require exchanges and wallet providers to comply with KYC and AML procedures, which helps prevent illicit activities such as money laundering and terrorist financing. The EU also encourages cooperation and information sharing among member states to address cybersecurity threats and fraud in the crypto-asset space. These measures contribute to creating a secure and trustworthy environment for investors and users of crypto-assets in the EU market.