In spite of the crypto bear market, mobile wallet provider BRD wants to accelerate its international expansion, and it has secured $15 million in its Series B round to do it.
Binance’s cryptocurrency exchange platform has expanded into the European market with its entry into the Island of Jersey, a self-governing dependency of Great Britain.
In the report, the EBA decried the lack of uniformity in crypto laws. It stated that this lack of equilibrium means that companies can move operations to “crypto havens” and face less-stringent regulations.
The report implores the Securities and Markets Authority (ESMA) to recommend to the European Commission that it regulate the cryptocurrency space with existing legislation rather than instilling new rules and laws.
