European Union Advances Legislation to Regulate Cryptocurrency Transactions

European Union Advances Legislation to Regulate Cryptocurrency Transactions
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2024-3-24 00:01

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regulate european transactions cryptocurrency legislation union advances

regulate european → Результатов: 61


Фото:

European Banking Authority proposes overhaul of AML, CFT rules for crypto providers

In a consultation paper released on Nov. 24, the European Banking Authority (EBA), an EU agency tasked with implementing a standard set of rules to regulate banking across all EU countries, highlights that existing regulations governing Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) standards compliance for crypto providers are inadequate. 

2023-11-24 19:10


Oryen Network, SOL, and AVAX Not Concerned About EU Parliament Voting in Favor of Crypto Tax

The European Union (EU) recently announced new legislation that will continue to regulate the crypto industry within its borders. While many argue that decentralized digital assets should be free from intervention, this news shows that power-makers are starting to take crypto seriously and that it has a considerable future in global finance.

2022-10-8 21:00


Фото:

Lithuania to Ban Anonymous Wallets As Government Tightens Crypto Restrictions

Amid the geopolitical tensions, institutions within the European Union have been expediting processes to regulate cryptocurrencies. This is “in consideration of the increasing number of the crypto asset and service providers across Europe, global financial challenges, increased money laundering activities, and possible financing of terrorism associated with virtual currencies”, according to the Lithuanian government.  Against this […]

2022-6-12 22:27


Bitcoin Logs Revenge Recovery as Lagarde Calls for Global Regulation

Bitcoin prices drifted higher on Wednesday, breaking away from bearish calls as Christine Lagarde raised the need to regulate it at the global level. In an interview with Reuters, the European Central Bank President said that Bitcoin is a highly speculative asset that has facilitated “some reprehensible activity,” such as money laundering, adding that “there […]

2021-1-14 22:58


European Countries Support EU Stablecoin Regulation

European countries are in favor of regulating fiat-backed cryptos, stablecoins. Spain, Italy, France, Germany, and the Netherlands backed the European Commission’s goal to regulate stablecoins. Until the regulatory, legal, and oversight challenges have been addressed, the five countries said on Friday that stablecoins should not be allowed to operate in the EU.

2020-9-12 19:58


EU’s Securities Markets Regulator Puts Cryptocurrency Legal Framework Into Focus For 2020

For its 2020 resolution, the European Securities and Markets Authority (ESMA) wants to regulate cryptocurrencies and the products in the industry more. The organization has published its list of priorities for the 2020-2022 time period on Thursday, mentioning that capital markets in the EU are facing some new risks as a result of digitalization. It […]

2020-1-10 22:55


EU Will Opt Against Issuing Stablecoins, Instead Choosing to Regulate Existing Stablecoins

Stablecoins are one of the most consistent assets of the cryptocurrency industry, and there have already been many countries and companies to come out with their own versions. While the idea of having an asset pegged to an asset is appealing to some, the European Union is notably setting themselves apart. While the EU isn’t […]

2019-11-7 02:52


Dutch Central Bank Orders Crypto “vulnerable to financial crime” Companies to Register

De Nederlandsche Bank to regulate crypto companies starting from January 10, 2020 The move came under the fifth European anti-money laundering directive De Nederlandsche Bank would begin regulating companies that offer cryptocurrency services, starting from January 10, 2020, announced the Dutch central bank on Tuesday.

2019-9-3 18:59


In Hopes Of Establishing Regulatory Clarity In EU, Ripple Turns To Parliament Member

Ripple has been the subject of discussion for the E.U. as they have been working to create legislation that would properly regulate the cryptocurrency industry. This cross-border trading platform is working to build up their case, recently asking Eva Kaili to support their endeavor with the European Commission and the European Central Bank (ECB). Kaili […]

2019-2-10 20:15