A draft version of European Commission legislation aimed at regulating crypto-assets and blockchain fintech indicates a friendly take on innovation. An article appearing on the website crowdfundinsider.com notes that the legislation may be finalized later this month, but for now the commission is seeking comment from European Securities and Markets Authority and the European Banking Authority about crypto-assets and application of the rules of current financial-services regulation. The adoption of new rules anticipates the emergence of stablecoins, which are crypto-assets that tend to be based on fiat currency, and are expected to increase the utilization of crypto-assets.

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Read the crowdfundinsider.com article here.