Austria Looks to Gold as Inspiration for Cryptocurrency Regulation

[kreslik.news]

The co-CEO of Bitpanda, Austria’s biggest Bitcoin broker, thinks that Bitcoin should be regulated in a similar way to gold, as the company looks for the official stamp of approval, according to investing.com.

“We’ve wanted to be regulated, but so far have been told that we cannot be,” said Eric Demuth.  Paul Klanschek, the other co-CEO, said: “Regulation should come from the EU level.”

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The Austrian finance ministry said in February that it is drawing on gold trading regulations as inspiration for the writing of cryptocurrency rules.

Hartwig Loeger, the finance minister of ... (read more)