Cryptocurrency to be a key focus for the European Union

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The European Union (EU) has released an announcement regarding economic and financial matters. According to the council, cryptocurrency is going to be a focus for the EU.

The press release, dated from 7th September, shows the comments from European Commission Vice-President (VP) Valdis Dombrovskis at the Economic and Financial Affairs Council (Ecofin) conference in Vienna. The VP stressed the need to continue to improve the resilience of the financial system. He said that this will be done as a result of putting the post-crisis financial regulatory reforms into effect, as well as working on non-performing loans.

On top of strengthening the financial ecosystem, Dombrovskis also stated:

“We also had a good exchange of views on crypto-assets. We see that crypto-assets are here

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