[2017-12-22] EU seeks to counter threat of bitcoin bubble bursting

[Rick Nolan]

On Wednesday European Commission Vice-President Valdis Dombrovskis warned in a letter to the heads of three financial EU regulators to urgently update financial rules in order to face high volatility of bitcoin.

Valdis Dombrovskis, a former Latvian prime minister, also urged to improve the applicability of regulatory framework to bitcoin and cryptocurrencies. He added that the agencies must draw up new plans in light of the recent market developments.

Read more: https://hype.codes/eu-seeks-counter-threat-bitcoin-bubble-bursting

[uslfd]

Wonder what exactly they could do?
They even have no plans against a stock market melt down do they?

[a-dalora]

Wonder what exactly they could do?
They even have no plans against a stock market melt down do they?

They can freeze trading on public exchanges.