The results of a year long study by the European Banking Authority shows that the current regulatory environment for crypto assets can be exploited; the 3 key areas they highlight are consumer protection, operational resilience and a level playing field; they believe the various approaches to regulation in the many member countries can encourage criminal behavior; money laundering is a key aspect of the report as it is believed to be the biggest issue with crypto assets; creating a unified set of rules will help to cut down on fraud and allow for the proper supervision of the market. Source.
