Austrian Finance Minister: The EU has a tendency to over-regulate blockchain

According to Cointelegraph, Austrian Finance Minister Hartwig Löger said in an interview recently that “the need to change the legal framework for the application of blockchain is the subject of working groups at all levels in Europe. The EU has a tendency to over-regulate, because the regulation is too strict Many large European companies have withdrawn. For us, protecting investors is very important, so I explicitly support the regulation of cryptocurrencies, but there is no need to over-regulate blockchain technology."