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EBAs' report actually makes many concrete short-term recommendations that will help digital currency businesses continue to innovate and flourish.
Positive news was brought from Denmark. The Denmark’s Financial Supervisory Authority or the FSA issued a statement in some points similar to the warning published by the European Banking Authority (EBA).
Italy's Financial Intelligence Unit (FIU), an organ of the Central Bank in charge of combating money laundering and terrorist financing, issued a statement warning digital currency businesses to stay vigilant regarding suspicious activities due to the lack of AML/KYC requirements for Italian companies.
The authorities of the People’s Republic of China together with the EBA were the first two bodies to declare their position on Bitcoin and other cryptographic currencies.
The European Banking Authority (or the EBA) has issued an official statement describing the position of the organization in questions considering crypto currencies and their separate examples – the bitcoin.
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