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Comment: EU’s e-money wrangle highlights novel difficulties of cryptoasset regulation

By Jean Comte ( August 26, 2024, 09:30 GMT | Comment) -- Providers of e-money tokens in the EU fear that they will have to apply for licenses under both the Payment Services Directive and the Markets in Crypto-Assets Regulation from next January — something that would create a burden for regulated players and regulators alike. But the issue also shows how the EU legal framework is not yet adapted for the age of cryptoassets.One topic keeping EU financial lobbyists and consultants busy over the long summer is how the bloc's rules on payment services interact with new market rules for cryptoassets, with particular regard to e-money token issuers....

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