New EU Cryptocurrency Rules Make Exchanges Liable If They Lose Customers’ Assets

Ashley Belanger, reporting for Ars Technica:

Today, the European Union approved a comprehensive set of cryptocurrency regulations seeking to lay the groundwork for how crypto is regulated globally. The rules — which make providers liable if they lose investors’ crypto assets — will go into effect in 2024 across 27 EU member states.

The EU’s muscular regulation regime finally lands on a worthwhile target.

★ Thursday, 18 May 2023