Eurasian Economic Union researches crypto for regulatory purposes
The Eurasian Economic Union announced that their Economic Commission sector is releasing a report on cryptocurrency and goals of creating a financially regulated market with a common ground by 2025.
TASS, a Russian news outlet, reported this announcement was given at a press conference by Tatyana Volovaya, a Eurasian Economic Union minister, in Moscow, Russia.
Governments across Europe have been researching cryptocurrency and blockchain technology in the hopes to regulate and implement them.
Volovaya said their report will be presented soon. Volovaya alluded that the report will include whether the union believes cryptocurrency should be regulated or not. She also said that the union has five experts from five separate countries working on understanding cryptocurrency.
The Union was formed on January 1, 2015 and currently uses the Armenian dram, Belarusian ruble, Kazakhstani tenge, Kyrgyzstani som and Russian ruble.