European crypto industry steps up efforts to influence EU policy


FILE PHOTO: A European investor takes a picture of a Bitcoin mining facility at the Berlin geothermal plant of La Geo electrical company, where the Salvadoran government installed a Bitcoin mining facility for the use of bitcoin as legal tender, in Alegria, El Salvador November 13, 2021. REUTERS/Jose Cabezas

LONDON (Reuters) - More than 40 crypto business leaders have asked the European Union not to require crypto firms to disclose transaction details and dial down attempts to bring to heel rapidly growing decentralised finance platforms.

The European Union, like countries and jurisdictions across the globe, is working to tame the freewheeling crypto sector. The EU is ahead of the United States and Britain in developing a set of rules for the $2.1 trillion sector.

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