Summary
A resolution exploring the opportunities and risks of virtual currencies and blockchain technology in Europe. 10 26.05.2016
Other
economy
finance
taxation
public administration
information technology and data processing
Key points
In force from 26/05/2016
- Virtual currencies offer the potential to significantly lower transaction costs and improve financial inclusion globally.
- There are significant risks regarding market volatility, lack of consumer protection, and legal uncertainty.
- The pseudonymity of some technologies poses risks related to money laundering and terrorist financing.
- The high energy consumption required to run certain virtual currency networks is a major environmental concern.
Documents (PDFs)
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