European Parliament study: Crypto assets should be regarded as securities by default and should be subject to EU management and constraints like traditional stocks and bonds

A European Parliament research report pointed out that crypto assets should be regarded as securities by default, and autonomous organizations should be given legal status to manage decentralized finance (DeFi). The report said that unless the country's regulators stipulate otherwise, all crypto assets should be regarded as transferable securities, which means that they will be subject to the strict management and authorization regulations of the European Union for traditional stocks and bonds.

It is reported that the report was drafted by a group of scholars from universities in Luxembourg, Sydney and Hong Kong. At the request of the European Parliament's Economic and Monetary Affairs Committee, the results of the report are not the official position of the European Parliament. (CoinDesk)