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EU Regulators Look to Widen Crypto Supervision Umbrella

Crypto News

European regulators are reportedly planning to expand central supervision of stock exchanges and cryptocurrency exchanges. 

This effort is part of a larger push to strengthen the EU’s competitiveness in relation to the U.S. by making sure companies can find funding and scale within Europe without having to go overseas, the Financial Times (FT) reported Sunday (Nov. 2). 

The current landscape, with dozens of national and regional regulators and hundreds of trading and post-trading institutions, raises the costs for cross-border trades, a significant obstacle for startups to scale up in Europe.

According to the report, a single supervisor — modeled on the U.S. Securities and Exchange Commission (SEC) is considered a major step in…

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