European regulators form joint

European regulators form joint task force to address cryptocurrency market

The European Union has created a joint task force to address the growing concerns surrounding the cryptocurrency market. The task force will be comprised of regulators from various European countries, who will work together to develop a unified approach to regulating the market.

This move comes as a response to the increasing popularity of cryptocurrencies, which have raised concerns about their potential use for illicit activities such as money laundering and terrorism financing.

According to a statement released by the European Commission, "the task force will focus on identifying and mitigating the risks associated with cryptocurrencies, while also promoting innovation and growth in the digital asset space.".

The task force will also work to develop a harmonized regulatory framework for cryptocurrencies across the EU, which will help to prevent regulatory arbitrage and ensure a level playing field for all market participants.

As one regulator noted, "we need to ensure that we are not stifling innovation, but rather creating an environment that fosters the growth of this industry while also protecting consumers and preventing illicit activities."

The task force is expected to release its first report in the coming months, outlining its findings and recommendations for the European regulatory framework.

“We need to ensure that we are not stifling innovation, but rather creating an environment that fosters the growth of this industry while also protecting consumers and preventing illicit activities.”

Author's summary: The European Union has formed a joint task force to address the growing concerns surrounding the cryptocurrency market, with a focus on developing a unified regulatory framework that balances innovation and risk.

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Yogonet Yogonet — 2025-11-27

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