Crypto assets: taming a ''Wild West'' of finance for millions of Europeans

With millions of Europeans already using crypto assets to do business and buy online, the European Union aims to set rules to ensure against abuses like fraud, money laundering and tax evasion.

The EPP Group's Stefan Berger is the main negotiator of the legislation called MICA - Markets in Crypto-Assets - that sets those guidelines.

That will help businesses that use crypto assets globally to save on transaction costs and protect consumers, including a growing number of younger Europeans.

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