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EU hammering out cryptocurrency regulations that could set global standard

Australian PM concedes election defeat as conservatives ousted after 9-year rule

Europe prepares to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny.

70c8fc80 EU hammering out cryptocurrency regulations that could set global standard

The European Union took a first step late Wednesday by agreeing on new rules subjecting cryptocurrency transfers to the same money-laundering rules as traditional banking transfers.

A much bigger move was expected as EU negotiators hammer out the final details late Thursday on a…


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