As reported by Reuters on September 5, the Belgian think tank has released the report just ahead of an informal meeting of economic and financial affairs ministers from the E.U. on cryptocurrency investments and taxation of the digital economy. The report urges the regulation of cryptocurrency exchanges and Initial Coin Offerings (ICOs) at the E.U. level in order to manage associated risks and harness the potential of blockchain technology.
Furthermore, Bruegel observes that there is a need “to experiment and learn about the best approaches to this fast-developing technology,” and the regulators should tolerate crypto exchanges that move in order to seek jurisdictions with more laissez-faire regulations.
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