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On Wednesday, the European Parliament adopted a new AML package increasing crypto asset service providers reporting requirements for anonymous payments. But it appears that the packages crypto laws are largely based on assumptions, not facts.
German Bitcoin Youtuber Roman Reher, and CEO of terahash.energy GmbH Kristian Kläger speak in German Parliament after Joana Cotar, independent MP, puts Bitcoin on the parliament's agenda.
European Union lawmakers have adopted new draft legislation that would impose a 1000 euro ($1,083) cap on anonymous crypto asset transfers in a bid to combat money laundering and terrorist financing. According to a European Parliament statement published on March 28, the limit would apply to a crypto asset transfer in cases when a customer [...]
The post EU lawmakers push for stricter rules on anonymous crypto transfers appeared first on Crypto Breaking News.
The Markets in Crypto-Assets (MiCA) regulation aims to regulate the issuance and provision of crypto assets & stablecoin services in Europe.
The post CRYPTO MILESTONE: European Union Approves New Regulatory Scheme for Crypto, Adds Crypto in Fund Transfer Rules appeared first on BitPinas.
The Markets in Crypto-Assets (MiCA) regulation aims to regulate the issuance and provision of crypto assets & stablecoin services in Europe.
The post Europe Approves New Crypto Rules appeared first on BitPinas.
Officials have revealed that Ukraine intends to implement the crypto market rules approved by the European Parliament. While the government is already moving in that direction, the tax service has issued a clarification regarding the taxation of income resulting from cryptocurrency transactions. Ukraine Set to Incorporate EU Crypto Regulations Into National Law A regional leader [...]
The post Ukraine to Adopt Europe’s Crypto Rules, Clarifies Taxation appeared first on Crypto Breaking News.
Schrepel, a specialist in blockchain legal issues, believes the legal text is unclear who in practice would have to hit the kill switch on a smart contract, and that it interferes with the fundamental principle that the automated programs can’t be altered by anyone. Source: CoinDesk
The post EU Parliament Passes Bill Requiring Smart Contracts to Include Kill Switch appeared first on Crypto Breaking News.
Crypto firm Phoenix, which has links to parliamentary groups, has vanished in thin air, leaving investors concerned about their holdings. What: Phoenix Community Capital is [...]
European Parliamentarian Eva Kaili’s arrest under allegations of corruption is being labeled as a blow to crypto and blockchain adoption.
A group in the UK's House of Commons are now planning to launch an inquiry into the operation, risks, and benefits of NFTs and the blockchain at large, as well as to see how the industry could impart the UK economy. (Read More)
The approvals came after the Monetary Authority of Singapore issued two consultation papers that proposed to ease regulatory hurdles for digital asset service providers.
The UK Parliament recently voted to regulate Bitcoin and crypto assets as financial products (Read More)
Former Member of the European Parliament, Nigel Farage, has made some fascinating revelations about Bitcoin.
The United Kingdom’s Crypto and Digital Assets All Party Parliamentary Group (APPG) is calling for public comments as it commences its inquiry into the emerging blockchain ecosystem in the UK. (Read More)
European Union will extend the decades-old monitoring of financial transactions in traditional finance to Cryptocurrencies. This follows the passing of a new bill by the European Union parliament that seeks to trace the transfer of digital assets to users. The new regulation will address the criticism against digital assets regarding financing illegal activities. The new [...]
The post The EU Parliament Passes Bill for Monitoring Crypto Transfers appeared first on Coinrevolution.
The bill does not address existing asset-backed stablecoins. Mitsubishi UFJ intends to launch its own stablecoin called Progmat Coin. On
A draft law tailored to regulate cryptocurrency mining has been filed with the lower house of Russian parliament, the State Duma. The legislation provides a legal definition for the extraction of digital currencies and envisages the establishment of a register for miners. Russian Lawmakers to Review Legislation Enforcing Rules for Crypto Mining Sector The draft […]
Here you can read our Friday digest with the newest events happening in the crypto space.
The new proposals by the EU are designed to prevent criminal groups from exploiting the anonymity of crypto-based transactions. (Read More)
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