Cryptocurrency going mainstream but EU & US regulators face challenges

Cryptocurrency Going Mainstream But EU & US Regulators Face Challenges | Cyber In :60 | GZERO Media

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

Has cryptocurrency finally gone mainstream?

Well, it certainly looks like that because after some people had invested in bitcoins out of curiosity or the quiet hope to make a fortune, now the EU and the European Central Bank are considering a digital euro. And this week, Visa announced that it would accept crypto coins, too. So those developments may help facilitate trust in an area that is also known to be a safe haven for criminal money.

How are different governments dealing with the continued rise of cryptocurrencies?

Well, EU regulators are working on incorporating them and allowing for pilots and regulatory sandboxes to test innovative blockchain applications and governance. But in the US, regulation looks at know-your-customer type requirements to build trust and accountability. And not surprisingly, enthusiasts of the unregulated cryptos have complained. So this is a question not yet settled.

More from GZERO Media

Russia's President Vladimir Putin addresses commanders as he visits a control center of the Russian armed forces in the course of Russia-Ukraine conflict in the Kursk region, Russia, on March 12, 2025.
Russian Pool/Reuters TV via Reuters

Russian President Vladimir Putin made a surprise battlefield visit on Wednesday, telling troops in the Kursk region of Russia to “completely destroy” the Ukrainian forces that have occupied parts of the area for nearly seven months.

Protesters hold Democratic Republic of Congo flags during a march to voice concerns about issues regarding the recent conflict in Eastern Democratic Republic of Congo (DRC), outside the parliament in Cape Town, South Africa, February 7, 2025.
REUTERS/Esa Alexander

On Tuesday, Angola offered to mediate an end to the conflict between the Democratic Republic of Congo and the Rwanda-backed M23 rebel group.

Flags hung at the reconvening of the COP16 conference in Rome last month, with an inset image of Adrian Gahan, the ocean lead for Campaign for Nature.
María José Valverde and Adrian Gahan

Countries gathered in Rome in late February to finalize key decisions left unresolved after last year’s COP16 summit in Colombia. In Italy, negotiators agreed to the first global deal for finance conservation, which aims to achieve the landmark goal of protecting and restoring 30% of the world’s land and seas by 2030. At the conference, Eurasia Group’s María José Valverde interviewed Adrian Gahan, the ocean lead for Campaign for Nature, a global campaign founded in 2018 to safeguard the 30x30 target, as we look ahead to the UN ocean conference in June.

Trump in front of a downward trending graph and economic indicators.
Jess Frampton

For someone who campaigned on lowering grocery prices on day one and rode widespread economic discontent to the White House, Donald Trump sure seems bent on pursuing policies that will increase that discontent.

An Israeli soldier stands next to a gate on a road near the Israel-Lebanon border, in Israel, on March 12, 2025.

REUTERS/Avi Ohayon

Israel and Lebanon have agreed to start talks “as soon as possible” on their disputed land border nearly four months after a ceasefire paused the most recent war between the two countries.

A man walks as a Danish flag flutters next to Hans Egede Statue ahead of a March 11 general election in Nuuk, Greenland, March 9, 2025.
REUTERS/Marko Djurica

Greenland’s center-right parties trounced the ruling left-wing coalition in Tuesday’s election. In a blow to US President Donald Trump’s plans to annex the Arctic territory, a once-marginal party that favors a slow separation from Denmark is set to lead the next government.