According to a report by Cryptovest on September 14, after the European Union plans to regulate the blockchain, the cryptocurrency sector has received mixed reviews. Nick Cowan, CEO of Gibraltar Blockchain Exchange, believes that the lack of EU-wide crypto regulation is an obstacle to blockchain innovation. Nick Cowan said: "If the EU does not regulate blockchain technology, it will hinder the innovation of blockchain and will also hinder the adoption of this technology by financial service providers." On the other hand, he also pointed out: “Some relatively small jurisdictions in the European Union are setting up their own regulatory framework to restrict blockchain companies. These laws lay the foundation for how operators can conduct business and provide a A clearer practical plan." Cowan added: “Officials in these jurisdictions are also contacting companies and people related to financial services interests and introducing them to the great potential of blockchain technology and gaining their support for blockchain business. But it’s just A beginning. Although seeing the supervision of blockchain in small jurisdictions, the EU needs to unify these regulatory policies to promote the sustainable development of the industry." According to an ostrich blockchain report on September 11, Valdis Dombrovskis, vice chairman of the European Commission, said that the European Union (EU) will focus on the classification and supervision of cryptocurrency assets. According to Dombrovskis, despite the recent large fluctuations in the price of cryptocurrencies, cryptocurrency assets will not disappear, and the cryptocurrency market will continue to grow. He said that in order to solve the main problems surrounding cryptocurrencies, the EU is preparing to focus on how to "divide and categorize" cryptocurrencies this year. In addition, the organization will consider the EU's existing financial regulatory policies that can be used, or directly formulate new rules for cryptocurrency assets. At the same time, on September 13th, according to the new rules approved by the European Commission, the European Commission will implement a stricter judgment on digital payment fraud. The draft report was passed by 31 votes to 1, with no abstentions. The new rules are specifically: 1. According to the violation, the sentence is five, four or three years imprisonment, which is the minimum penalty for the “highest†imprisonment sentence in the country for the judge's non-cash payment fraud. 2. Illegal digital currency transactions are included in the scope of crime. 3. Improve EU-wide cooperation to ensure better handling of cross-border fraud. 4. Strengthen assistance to victims of non-cash fraud, such as psychological support, consultation on financial, practical and legal issues, and at least provide free legal assistance to those who lack sufficient resources. 5. Improve the prevention awareness of fraud cases through publicity, education and permanent online information tools. Guangzhou Fengjiu New Energy Technology Co.,Ltd , https://www.flashfishbatteries.com