EU Study Calls for Additional Invasive Regulation via 'Euro Wallet,' Still Calls Bitcoin's Proof-of-Work Outdated Tech

"Principally, we recommend addressing the cross-border issue with a cross-sectoral EU regulation on cross-border solicitation in financial services, a centralized authority of the European Supervisory Authorities (ESAs) to inquire into the EU user base and make this information available to the National Competent Authorities (NCAs), as well as RegTech, by virtue of a Euro Wallet."