The European Union lately has been a hotbed for political and regulatory developments that could have a considerable impact on the day-to-day operations of the continent’s financial service providers. While the United Kingdom finally following through on its pledge to leave the bloc introduced political uncertainty for businesses with U.K. operations, implementation of new EU-wide Anti-Money Laundering legislation brought about regulatory certainty — along with the compliance burden that invariably comes with it.
On another note, European financial authorities are increasingly vocal about their intentions to create a new regulatory framework for digital assets that would balance robust security measures with allowing smooth expansion of the financial technology sector.
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