Europe is gradually positioning itself as a welcoming jurisdiction for crypto companies. Meanwhile, the screws are tightening across the pond as agencies take things into their own hands due to a lack of crypto regulations.

On Feb. 26, international politics outlet Politico reported that European Union officials are beginning to pitch the region as a welcoming place for crypto businesses to set up shop.

Furthermore, it noted that Congress is nowhere near formulating or deploying legislation for crypto assets, adding:

“Industry leaders are increasingly making the trans-Atlantic juxtaposition to argue for clearer regulations as U.S. agencies begin to enforce decades-old rules for trading and banking in the crypto world.”

(By Martin Young)

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