2019-7-4 18:53 |
Cyprus’ blockchain regulation draft will be ready this year, according to the country’s finance minister Harris Georgiades
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Not too long ago, the blockchain industry worldwide suffered from a severe lack of regulation that made it difficult to do business in several parts of the world and also stifled the growth of the industry altogether.
2019-7-5 23:47 | |
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If you’re planning a trip to Cyprus next year, you might not need to change money. Bitcoin Cash proponents have recently met with government and financial figures on the island, and are working on Bitcoin Cash integration with the island’s leading point-of-sale processors by November.
2018-7-31 15:53 | |
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Lykke has won the first-place Fintech Company of the Year award in the Digital Championship Cyprus 2016–2017 contest. The Lykke team highlighted the ability of the Lykke Exchange to act as the framework for a single digital market for the fair and open trade of all products and services—a goal that the European Union shares.
2018-7-31 13:18 | |
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Malta-based tokenization platform STASIS has launched EURS, a stablecoin backed by the Euro. EURS, aiming to be the biggest "fully verified and collateralized stablecoin" in the world, launched with a $100 million pre-launch order book which is expected to hit $500 million by year’s end.
2018-7-16 19:46 | |
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| Analogue Notcoin - TapSwap |
Crypto Asset Service Providers (CASP) in Europe would have to implement stringent Know Your Customer (KYC) procedures to combat money laundering following the European Parliament greenlight of new Anti-Money Laundering Regulations (AMLR), according to an April 24 statement.
Three consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority has said.
The crypto trading platform for EU will start in "coming weeks."
Controls on staff bonuses at crypto exchanges and wallet providers are also planned as the bloc prepares for its landmark crypto law, MiCA.
ESMA says MiCA will take time to be fully implemented. Crypto investors, therefore, remain at risk in the meantime. Bitcoin is trading well under the $29,000 level on Tuesday. All eyes are on Bitcoin after ESMA – the European Securities & Markets Authority cautioned crypto investors on Tuesday.
French officials boast of crypto-ready laws that contrast with a stuttering enforcement campaign from the U.S. SEC – and are looking to the next generation of Web 3 gaming rules.
ESMA has released a consultation paper on MiCA implementation requirements. Industry players are requested to provide feedback by September 20. The EU regulator will present the final proposals to the European Parliament by June 30, 2024.