Karel Lannoo

Karel Lannoo is chief executive of CEPS. This article is based on a recent policy brief titled Regulating crypto and cyberware in the EU

  • Karel Lannoo

    A flawed EU crypto regulatory framework

    July/August 2022 (Magazine)

    The EU will soon have a specific regulatory framework for crypto currencies and markets. Under proposals soon to be adopted, only crypto coins authorised in the EU will be allowed to be offered to investors. But crypto assets and exchanges will have a very light supervisory regime, much less than what is in place for financial instruments and exchanges. This raises the question about the rationale for distinct rules. This question is even more acute in the context of the big decline in the crypto markets over the past weeks.