EU Economic Committee supports creation of Digital Currency Taskforce

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The EU Parliament’s Economic and Monetary Affairs Committee by 54 votes to 1 voted to support Jakob Von Weizsäcker’s proposal to set up a ‘taskforce’ to “build up the necessary expertise in the underlying technology of virtual currencies. It would also be tasked with proposing recommendations for any necessary legislation to regulate the sector”.

The objective of the taskforce is “precautionary monitoring instead of pre-emptive regulation”. The Report will will now be voted on by the EU Parliament as a whole. After which it will be sent to the EU Commission for consideration. Further details here