EU central bank backs plan for crypto supervision under EU markets watchdog
Burns Brief
The European Central Bank has boosted a proposal to take away EU member states' regulatory oversight of crypto and hand it to the European Union’s market regulator The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The European Central Bank has boosted a proposal to take away EU member states' regulatory oversight of crypto and hand it to the European Union’s market regulator.
Key Takeaways
- The European Central Bank has boosted a proposal to take away EU member states' regulatory oversight of crypto and hand it to the European Union’s market regulator