Europe’s top securities regulator has warned that soaring inflation could drive investors to cryptocurrencies. Stressing that there is “an imbalance” in how each EU country deals with crypto, the regulator calls for a common regulatory framework across European countries. Inflation Could Drive Investors to Crypto, EU Regulator Says
The European Securities and Markets Authority (ESMA), the EU’s top securities markets regulator, has warned that soaring inflation may drive retail investors into cryptocurrencies, Bloomberg reported Thursday.
The regulator has also called for a formal legal framework to govern the crypto industry across all EU countries.
ESMA Chair Verena Ross said in an interview last week:
With inflation rising, investors will look to find investments which are able to try to comp...
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