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The EU (European Union) recently introduced a detailed bill for cryptocurrencies. EU's crypto bill of 2022 aims to regulate most aspects of the crypto market with a special focus on cryptocurrency categories, stablecoins, and money laundering.
The cryptocurrency space has been largely unregulated throughout its existence, but with continued integration between the traditional financial sector, central banks, and cryptocurrency firms, crypto regulation has become a high priority as we enter this new economic paradigm. In fact, many believe that cryptocurrency regulation could facilitate greater crypto adoption, bolster investor confidence and boost consumer protection.