The EU’s crypto regulations are the most comprehensive, yet they can’t control gold tokens—how ironic.

Crypto界网 news: The tokenized gold market is currently valued at $4.4 billion, but the EU has no corresponding rules. Although Europe has drafted the world’s most comprehensive crypto legislation and created a category for gold-backed tokens, no relevant tokens have been approved to date. Two years later, the entire tokenized gold market in the EU has been operating through an unlegislated gap, with Brussels debating whether to fix the rules or remove them. Even so, products such as Tether Gold and Paxos Gold remain active in the market, with huge trading volumes.