“The European Banking Federation (EBF), which represents Europe’s largest banking groups, unveiled its vision for digital currencies and cryptocurrency regulation. The group called upon governments and businesses to develop a framework for bitcoin regulation, pointing out that further research and ongoing evaluations of rules should be made.
In particular, the group proposed that a comprehensive framework for cryptocurrency regulation based on existing anti-money laundering laws could be applied. It also acknowledged that the blockchain, which refers to bitcoin’s distributed public ledger, provides a number of interesting opportunities for financial institutions and the collective ecosystem.”
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