February 8, 2025
European Central Bank Exec Wants Unbacked Crypto Treated as Gambling

Fabio Panetta, a Member of the Executive Board of the European Central Bank (ECB) has argued in favor of regulation that recognizes “the speculative nature of unbacked crypto and treat them as gambling activities.”

Panetta believes that “vulnerable” users of unbacked digital assets can be protected through the application of rules similar to the European Commission-recommended principles for online gambling…
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