The European Banking Authority is to review the regulation of cryptocurrencies in the region, after hearing fresh concerns about digital assets’ vulnerability to money laundering and terrorist financing.

Virtual currencies like bitcoin BTCUSD, -0.33% have been attracting increased scrutiny in recent months amid wild price swings.

In February, the EBA, European Securities and Markets Authority and European Insurance and Occupational Pensions Authority issued a joint warning to consumers on the risks of investing in digital money.

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The EBA followed this warning on Thursday with a Fintech Roadmap, in which it outlined priorities for oversight of the financial technology sector over the next two years. It comes a week after an EU action plan for making the bloc a global hub for technology to support financial services, known as “fintech.”

In a Q&A accompanying the roadmap, the EBA said it plans to work with other watchdogs to assess whether the current framework for regulating the crypto market is “appropriate,” before submitting a report to EU legislators with its findings.

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The roadmap draws on responses to a discussion paper the EBA published last August on its approach to regulating new financial technologies. Cryptocurrencies, such as bitcoin, were commonly cited by respondents as being vulnerable to money laundering and terrorist financing.

Other fintech solutions thought to be at increased risk of these activities included peer-to-peer lending, initial coin offerings and cross-border payments.

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This report first appeared on Financial News

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