While some regulators remain fairly pessimistic about the crypto markets, others believe the nascent market will usher in the next phase of innovation and global competition. Pierre Person, a long-time proponent of Europe embracing the nascent market, has again called for the bloc to push towards becoming a center for crypto and blockchain innovation.
Person’s Proposals
Person, a member of the French parliament, in a 188-page report released on Wednesday, decried the continued lack of clarity on the EU’s strategy regarding digital assets compared to its neighbors and competitors. Person said the bloc’s approach has been rather defensive with little intent to take advantage of the revolutionary technology and market.
“The European Union has not adopted a clear strategy regarding crypto-assets,” he said, adding, “Europe’s postures are more defensive than proactive regarding the new challenges.”
Person, in his latest report titled, “Currencies, banks, and finance: towards a new crypto...
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