Theme Regulation

European authorities are actively working on establishing a framework suitable for regulating cryptocurrencies. Currently, they are particularly concerned about how to prevent tax evasion related to the crypto sector. Additionally, the UK's tax administration (His Majesty's Revenue and Customs, HMRC) has recently released a consultation document on the subject. In parallel, France aims to strengthen its measures to combat tax evasion.

The issue of tax evasion is increasingly being debated. It's one of the key issues in the regulation of crypto within the EU. Stakeholders want to speed up the process of adoption. 

For some time, the BRICS countries, including Russia and China, have been working to move away from the US dollar. Recently, China formalized an agreement with Brazil to trade state to state, without using the dollar. This desire for financial independence could be realized through the adoption of a digital currency.