The title is gross clickbait. The EU is not banning virtual currencies, but introducing informing publishers of regulations guidelines to ensure the user is informed of their real monetary value, and that deceptive or unfair pricing practices are avoided.
They’re not even introducing regualtions. These are non-binding guidelines, as far as I can tell. Basically a declaration of how the relevant EU protection services will interpret existing EU regulations. They explicitly don’t force courts or individual member states to do anything. You could follow these rules and get sued in your country… or you could ignore them and win in court.
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Since the article fails to link it (and also reads like slop), here is the actual publication: https://commission.europa.eu/document/8af13e88-6540-436c-b137-9853e7fe866a_en
The title is gross clickbait. The EU is not banning virtual currencies, but
introducinginforming publishers ofregulationsguidelines to ensure the user is informed of their real monetary value, and that deceptive or unfair pricing practices are avoided.They’re not even introducing regualtions. These are non-binding guidelines, as far as I can tell. Basically a declaration of how the relevant EU protection services will interpret existing EU regulations. They explicitly don’t force courts or individual member states to do anything. You could follow these rules and get sued in your country… or you could ignore them and win in court.