US drops a proposed crypto rule. Europe can still hold up your $500 transfer

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

A political and economic union of European countries with a single market, shared laws in many areas and, for many members, the euro.

EU rules on trade, technology and competition affect companies and people far beyond Europe.