Currency Economy

Blockchain group INATBA reiterates concerns over proposed European regulations

Cryptocurrency (Mar 10, 2021 02:00PM ET) Blockchain group INATBA reiterates concerns over proposed European regulations

Blockchain group INATBA reiterates concerns over proposed European regulations

Six months after its first response to the European Commission’s crypto legislative proposal, the International Association for Trusted Blockchain Applications, or INATBA, has released a detailed report on key issues regarding the planned regulations.

According to the recently published document, INATBA argued that the commission’s Markets in Crypto Assets regulations do not favor emerging cryptocurrency and blockchain firms. Instead, the blockchain group backed by Ripple and ConsenSys argued that the EC’s legislative proposal offers a significant advantage to incumbents in the legacy financial ecosystem.

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