European Central Bank Governing Council: There are limitations to the actual supervision of cryptocurrencies, and it is recommended that national authorities should cooperate and coordinate across borders

According to Kim Ten, ECB Governing Council Knot said, “There are limitations to the actual regulation of cryptocurrencies, which makes the issue very complicated. It is recommended that national authorities should cooperate and coordinate across borders. Cryptocurrencies have never operated in a regulatory vacuum.” .In fact, there are already some regulations. We have been strengthening these regulations and targeting the economic activities of these cryptocurrencies. The European Central Bank emphasizes that the digital currency industry should protect the rights and interests of consumers, including privacy and data security. For stablecoins, Europe The central bank’s concern is more regional stablecoins around the world. So a regulatory regime is in place for a global stablecoin regime. Confident we can control cryptocurrency stability risks.”