tldr; The European Union is debating crypto regulation, balancing investor protection with fostering innovation. French expert Farid Tamsani highlights the need for ‘Smart Regulation,’ proposing strict oversight for major platforms while allowing flexibility for startups. Authorities in France, Italy, and Austria advocate for unified oversight under ESMA to address discrepancies in enforcement. Concerns remain that excessive regulation could push innovation to the U.S. or Asia, risking Europe’s position as a fintech leader.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; The European Union is debating crypto regulation, balancing investor protection with fostering innovation. French expert Farid Tamsani highlights the need for ‘Smart Regulation,’ proposing strict oversight for major platforms while allowing flexibility for startups. Authorities in France, Italy, and Austria advocate for unified oversight under ESMA to address discrepancies in enforcement. Concerns remain that excessive regulation could push innovation to the U.S. or Asia, risking Europe’s position as a fintech leader.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.