European Union

Definition ∞ The European Union is a political and economic union of 27 member states located primarily in Europe. It operates as a single market, allowing for the free movement of goods, services, capital, and people among its members. The EU also sets common policies in areas such as trade, agriculture, and regional development. Its regulatory decisions have significant global impact, including on financial markets and emerging technologies.
Context ∞ The European Union’s stance and regulatory actions concerning digital assets and blockchain technology are subjects of considerable ongoing discussion and development. News related to the Markets in Crypto-Assets (MiCA) regulation, the EU’s approach to stablecoins, or its stance on central bank digital currencies (CBDCs) directly impacts the global crypto landscape. Debates within the EU often focus on balancing innovation with consumer protection, financial stability, and preventing illicit activities.