EU legal framework for Cryptocurencies (cepInput)

The EU legal framework for crypto currencies is currently largely unclear. Amongst others, a binding definition of cryptocurrencies is missing in EU law. This uncertainty hinders innovation and leaves important questions regarding financial market stability and consumer protection unanswered. The fact that the EU Commission intends to eliminate this legal uncertainty by means of a regulatory proposal in autumn is therefore to be welcomed. Any EU regulation in this area should aim to minimise risks to financial market stability and consumer protection while at the same time preserving the potential for innovation through cryptocurrencies.