Tag: european union

A new crypto regulatory body is being designed by the European Parliament, the European Commission, and the European Council that will have direct oversight over the industry. Further EU Regulations...

Patrick Hansen, a crypto venture advisor and expert on...

In Europe, the end of the 'crypto wild west' is here. Or, at least, so believes the French Finance Minister, Bruno Le Maire.Le Maire’s projection comes on the heel of the progress made by the European Union (EU) on the Markets in Crypto-Assets regulation (MiCA) proposal. MiCA, a component of the EU’s digital finance (DigFin) package, seeks to regulate issuers of stablecoins...

The nomenclature used to help the layman understand Bitcoin makes lawmakers confuse it as money instead of entries in a database. We must change the terms.This is an opinion editorial by Beautyon, the CEO of Azteco and a contributor at Bitcoin Magazine....

Europe becomes the first continent to come to an agreement on crypto regulation as reported by Stefan Berger, a MICA parliamentarian. This groundbreaking decision comes in the wake of France passing the baton of the Presidency of the Council of the European Union to Czech Republic. First continent to agree on crypto regulatory policies MiCA The post EU Agrees To An Agreement On...

Summary: EU legislators are estimated to finalize regulations on proof-of- mining crypto activities and unhosted wallets by the end of June. Such regulation will have enormous implications for the crypto industry in Europe and globally. The crypto community is anxiously watching as EU legislators finalize regulations that will affect proof-of-mining activities and unhosted (non-custodial) wallets within the region. According to Patrick Hansen, a Crypto...

Key takeaways: The European Union is close to coming up with an agreement to regulate cryptocurrencies amongst its 27 member states. Representatives are expected to meet on June 14th and June 30th. Issues yet to be resolved on cryptocurrencies include whether to include NFTs in the proposed rules, how to regulate stablecoins, the supervision of large crypto-asset service providers, anti-money laundering clauses, and...

The European Union is set to finalize its Markets in Crypto Assets (MiCA) bill by as soon as this month, a recent report suggests. The bill, which was approved by the parliament earlier this year, will establish common regulation for crypto across the bloc. Introduced in 2020, MiCA intends to lay out comprehensive crypto regulation The post EU To Finalize Crypto Regulation Soon,...

MONEYVAL, Europe's Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) watchdog, has prioritized monitoring the crypto industry, as well as "gatekeeper" professionals like attorneys and accountants, in European countries' efforts to prevent money laundering. Watchdog Says Europe Need Better AML Laws MONEYVAL called on...

The EU Commission issued a report, “European Financial Stability and Integration Review 2022,” on April 7, containing a 12-page chapter on DeFi. In addition, the authors of the report present a...

The report emphasizes the potential of DeFi for lower financial audit costs and significant opportunities for cross-border financial integration. Analysts from the European Commission demonstrated an unexpected understanding of how decentralized finances (DeFi) work, having defined it as distinct from the traditional financial system and acknowledging that it would necessitate a rethinking of regulatory approaches. […]

Over 40 crypto related businesses, led by asset manager CoinShares, have come forward with demands for friendlier crypto laws in the European Union. In a letter to the EU Parliament, industry members have asked the bloc not to mandate disclosures over all crypto transactions, and ease regulatory pressure on smaller crypto players. In March, the...

Fasset, a global digital asset gateway, announced on Wednesday that it would expand into the European Union after securing a cryptocurrency authorization.

The European Union’s fifth round of sanctions include cryptocurrencies. The new measures target loopholes with respect to cryptocurrency usage. Crypto has become a central part of the sanction discussion in the conflict, though it has also helped Ukraine. The European Union has introduced new measures against Russia for its aggressive actions against Ukraine. This fifth round of sanctions cover a lot of measures...

The European Union introduced another round of economic sanctions on Russia and Belarus as the conflict with Ukraine escalated. The European Union extended prohibitions on deposits to crypto wallets, to prevent possible sanction dodging through crypto. Moreover, Russian and Belarusian companies and individuals will also be banned from buying banknotes and transferrable securities, such as...

Privacy coins, which allow for anonymous crypto transactions, appeared to be rising ahead of a European Union (EU) vote on money laundering. The bill, if approved could see the bloc crack down on unhosted wallets and anonymous payments. Monero (XMR) and Zcash (ZEC)- the two largest privacy coins by market capitalization- were up more than The post Privacy Coins Soar Before EU Vote...

Summary: The EU's ECON committee is planning a vote on Thursday that could ban anonymous crypto transactions The proposed regulation aims to crack down on 'unhosted wallets' that allow crypto transactions to occur without accompanying personal information Unhosted wallets are the regular crypto wallets that allow users to access private keys eg MetaMask, Trezor, MEW, Ledger If successful, each crypto transaction in the...