European Banking Authority Follows UK With Stablecoin Draft Proposals

The European Banking Authority has tabled a proposal on how EU stablecoin issuers can manage liquidity risks through stress tests. The post European Banking Authority Follows UK With Stablecoin Draft Proposals appeared first on BeInCrypto.

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EU announces funds requirements for stablecoin issuers ahead of MiCA

The European Banking Authority (EBA), the banking watchdog of the European Union (EU), has launched consultations on draft capital requirements for stablecoin issuers. EBA’s Regulatory Technical Standards (RTS) were announced on Wednesday and seeks to establish a common funds requirements framework for stablecoin companies ahead of the EU’s Markets in Crypto-Assets (MiCA) regulation. According to […]

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EU Banking Watchdog Seeks Feedback on Draft Liquidity, Capital Rules for Stablecoin Issuers

Three consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority has said.

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European regulator publishes second consultation on MiCA

The regulator will publish a final report based on feedback received and submit the draft technical standards to the European Commission by June 2024.

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Leaked Draft Reveals EU Commission’s Plans for Digital Euro: A Closer Look at the CBDC

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Digital euro proposal set for debate as EU advances AI restrictions legislation

Separate reports indicate that lawmakers in the European Union (EU) are advancing potential rules around a “digital euro” and artificial intelligence (AI). ECB could limit digital euro for financial stability Bloomberg reported June 14 that it obtained a copy of a draft proposal from the European Commission.

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European Banking Regulator Calls Attention to Digital Ledger Technology

Draft guidance from the EU banking watchdog picks out crypto technology for scrutiny and proposes vetting procedures for senior staff.

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EU Smart Contract Regulations Included in Council’s Data Act Draft

Some worry the text, a version of which was already agreed on by the European Parliament, will prove impossible to meet for most smart contracts.

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Restrictive Crypto Rules for EU Banks Confirmed in Published Legal Draft

Banks in the European Union would have to treat crypto as the riskiest kind of asset and disclose exposures while awaiting more detailed rules.

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European Banks Must Fully Cover Crypto Holdings With Capital, Draft Text Says

A leaked proposal that faces a vote on Tuesday deems crypto assets to be the riskiest, in line with emerging international guidelines.

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EU Voted In Favor Of A Crypto Wallet Crackdown, What’s Next?

Per a report from Patrick Hansen, developer at Unstoppable Finance, the European Union Parliament could be about to crackdown on crypto wallets and their users. This entity just approved a revision to their Transfer of Funds Regulation with an upcoming draft to be voted on later today.

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European Parliament Votes Against Bitcoin Mining Ban

The European Parliament has voted against a draft regulation aimed at banning Proof-of-Work (PoW)… The post European Parliament Votes Against Bitcoin Mining Ban appeared first on Coin Journal.

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EU votes against a de-facto ban on Bitcoin’s POW consensus method in MiCA draft

The ECON committee of the European Union voted against a de-facto ban on cryptocurrencies that rely on the proof of work consensus protocol, like Bitcoin, that was included in the latest draft of the MiCA, or Markets in Crypto-assets Regulation, report.

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European Parliament votes against PoW ban, providing huge relief to the crypto industry

The moderate version of the regulatory framework's draft prevailed in the ECON committee voting.

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EU Parliament delays vote on crypto regulation after backlash on anti proof-of-work stance

The European Parliament decided to delay its vote on the draft of the Markets in Crypto Assets framework indefinitely after receiving backlash from the public over one of the provisions. The post EU Parliament delays vote on crypto regulation after backlash on anti proof-of-work stance appeared first on CryptoSlate.

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European Parliament Postpones Vote on Crypto Regulations Indefinitely

A leaked draft has drawn criticism for including a provision that sought to ban the use of cryptocurrencies that rely on proof-of-work.

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Mica Law Draft Designates CNMV and Bank of Spain as Crypto Watchdogs

The latest Mica (Europe’s Markets in Crypto-Assets Regulation) revision designates the CNMV and the Bank of Spain as the main cryptocurrency watchdogs in the country. The draft also stipulates that companies offering services in the EU will need to be based in a European country.

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Bosnia And Herzegovina To Draft Crypto Bill In A Move To Regulate Digital Asset

Bosnia and Herzegovina, a European country in the Balkans region could start regulating the crypto environment within its territory. The country is preparing to draft a bill that would help establish a regulatory framework for cryptocurrencies within its territories.

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Bosnia and Herzegovina Is Preparing a Draft Bill to Regulate Cryptocurrencies

A European country in the Balkans region could start regulating the crypto environment within its territory. A bill is being drafted in Bosnia and Herzegovina that would establish a regulatory framework for cryptocurrencies for the first time in the country’s history.

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EU Draft Proposal Seeks to Access Data from End-to-end Encryption Platforms, Activists Call Foul on the Integrity of Digital Infrastructure

The European Union (EU) could soon limit end-to-end encryption according to a draft leaked by the German Presidency, which seeks to increase the monitoring efficiency by Intelligence authorities and police.

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Is the EU Planning To Ban End-To-End Encryption?

A document allegedly from the German Presidency to the European Commission aims to bypass end-to-end encryption. A leaked draft of a resolution appeared online on Nov 9, 2020, calling for a loophole in law enforcement.

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EU’s Draft Regulation to Fragment the Crypto Market with Special Focus on ‘Subset’ Stablecoins

The 168-page long leaked version of the draft legislation of “Markets in Crypto Assets (MiCA)” by the European Commission provides legal certainty about digital currencies. To be issued later this month, the set of regulations will be covering the issuance and trading of digital assets across the bloc.

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New Draft Law Suggests The European Union Is Set To Regulate Cryptocurrencies

More countries have opened their doors to cryptocurrencies this year than we have seen in the previous years. As the demand for cryptocurrencies continues to soar, countries in Asia and Africa have begun to create and embrace lighter regulatory policies.

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European Union Seeks Strict Regulation of Crypto and Stablecoins in New Draft Law

The European Commission, the executive arm of the E. U. , has drawn up regulation to tightly monitor cryptocurrencies it considers “significant”, including asset-backed stablecoins like Facebook’s libra.

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Libra Under Threat as European Central Bank Confirms Move Toward a Digital Currency

The European Central Bank could be inching toward creating a digital currency for the continent. Attitudes about cryptocurrencies appear to be shifting in Europe — which could have negative repercussions on Libra.

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Euro Regulators Urge Central Bank to Issue Regulated Digital Currency as Stablecoin Threat Looms

Regulators in Europe have called on the European Central Bank (ECB) to explore the feasibility of launching a digital currency for the bloc. Supranational agencies and governments, alike, have labeled stablecoins – especially Libra – a potential menace to financial stability.

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EU Might Issue Digital Currency In Response to Libra

The European Central Bank (ECB) might issue a public digital currency, Reuters reported on Tuesday, citing a draft document. The move is meant to counteract the influence of Libra, the upcoming stable coin developed by Facebook.

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Cryptocurrency Clampdown? Libra Forces EU to Consider Regulations and Own Stablecoin

A new European Union (EU) draft document says that the European Central Bank (ECB) should hasten progress towards issuing its own digital currency for use by the public ahead of Facebook’s Libra project.

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European Union Ponders Issuing a Public Digital Currency to Compete With Facebook’s Libra

The European Central Bank (ECB) has recently considered the idea of issuing its public digital currency via a new draft document, according to Reuters. This is seen as a response against the Facebook backed project, as the company’s upcoming launch of the Libra has made regulators all over the world wary. Since Facebook shared plans […]

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European Union Drafts Law Suggesting Consideration of Eurocoin

An EU draft law considers issuing a digital currency and banning high-risk crypto projects in the union

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U.S. Treasury Yields Spike to Monthly Highs Following Boris Johnson’s Brexit Victory

U. S. Treasury yields rose on Thursday, as government bond prices fell, following news that the United Kingdom and European Union have finalized a draft Brexit deal that will pave the way for Britain’s eventual withdrawal from the bloc.

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Despite Industry Pushback, G20 May Impose Stricter KYC Policy on Exchanges

It looks as if cryptocurrency service providers will have to adopt stricter know-your-customer (KYC) policies all across the world — and not everyone is happy about that.

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Ripple and NEM launch EU blockchain association to cozy up to regulators

Blockchain firms want to stay on the good side of Europe, it seems. Ripple, NEM, and company have founded a new association to represent the interests of blockchain and cryptocurrency businesses across the continent.

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EU to fine social media platforms that take more than 1 hour to remove extremist content

The European Union is reportedly planning to impose stricter regulations on social media platforms including Facebook, YouTube, and Twitter over the removal of online terrorist propaganda. The Financial Times reported on Sunday that according to new draft regulations to be published next month, the EU plans to impose fines on companies if terrorist content is not deleted within an hour of posting, abandoning its earlier approach of getting internet platforms to remove such content voluntarily.

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Draft EU Proposal For ICOs To Be Included In Regulatory Framework for Crowdfunding

The European Parliament’s Committee on Economic and Monetary Affairs published a draft report on crowdfunding solutions on August 10, with a proposal for some initial coin offerings (ICOs) to be included in the highly anticipated draft regulatory framework for crowdfunding; expected early next year.

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Member of the European Parliament Suggests New Regulations for Public ICOs

The proposed draft defined ICO as a legal and innovative crowdfunding technique willing to oblige to certain security rules that are expected to decrease fraudulency. The post Member of the European Parliament Suggests New Regulations for Public ICOs appeared first on CoinSpeaker.

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EU MEP Suggests Including ICOs in New Crowdfunding Regulation

The European Union plans to treat ICOs as crowdfunding platforms, which are soon to be regulated by the lawmakers, according to a draft proposal.

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