The EU finance ministers will discuss possible new regulations on the cryptop market on their 7th of September Vienna meeting, Bloomberg reports, citing draft documents, prepared for the summit.
The main concern in focus remains the general lack of transparency on the market, as well as the use of crypto currencies in criminal activities like money laundering, terrorism financing and tax evasion.
The summit will take place amid a global effort to regulate the relatively young crypto industry.
The United States Securities and Exchange Commission (SEC) has charged two individuals working at Nonko Trading with fraud. More specifically, the SEC alleges that Jeffrey Goldman and Christopher Eikenberry, both from Michigan, participated in a Ponzi-like scheme and pocketed over $1.4 million from more than 260 investors worldwide.