European regulators are calling for stricter control of the cryptocurrency market.

Regulators are focusing on Bitcoin and its use in the international financial system after a sharp rise as a result of high volatility, which increases concerns about the lack of reliable supervision by financial regulatory authorities.

In 2020, the price of Bitcoin increased by more than 300%, and in early January it increased by another 40%, reaching a maximum of over $40,000.

The actions of the eurozone's regulatory authorities are closely monitored by the market monitoring team.

According to Finnex analysts new regulatory measures in the crypto market may have a significant impact on the subsequent dynamics of the segment as a whole.