Crypto Brokers Push for Transparency Before Rules Get Made
- Quest for regulation may be a sign crypto market is maturing
- Austria’s Bitpanda, eToro in U.K. both see benefit from rules
This article is for subscribers only.
The latest calls to regulate the exploding cryptocurrency market come from an unusual place.
Some of Europe’s largest digital-coin brokers, who would be saddled with the new rules, are actually asking for them in a bid to clear the air and shake off perceptions they help criminals transfer money. Firms such as eToro Europe Ltd. in London and Bitpanda GmbH in Vienna say clear, “know your customer” rules would let trading platforms go mainstream more easily, gain clients and eventually tap institutional business.