EU Parliament tables virtual currencies report for plenary

The EU Parliament has published a report on virtual currencies, which has been tabled as a motion for a resolution at the EU Parliament's plenary session. The report was adopted by the ECON Committee on 26 April 2016 and, among other things, proposes a taskforce overseen by the EU Commission, which would monitor developments in a precautionary way, and 'smart regulation' in this area so as not to stifle innovation, but propose recommendations for legislation to regulate the virtual currencies sector where necessary.

The report will be voted on by the Parliament's plenary session before being sent to the Commission for consideration.