September 21, 2020 A new study from the European Union affirms that changes to crypto asset regulation would bolster economic growth.

A new study from the European Union’s European Parliamentary Research Service has concluded that changes to crypto asset regulation within the bloc would add €55 billion in value to its financial sector. Among its suggestions, the body argued for the establishment of a common categorization standard for the asset class, and a framework for crypto asset markets. The framework, should in the authors’ opinions, provide legal assurances for investors and entrepreneurs while also dealing with issues related to market integrity and fragmentation as well as broader financial instability.

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