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Updated European tax directive requires reporting on all crypto asset transfers
16.5.2023
DAC8 extends tax reporting procedures to crypto transfers in line with the OECD crypto reporting framework and EU AML rules
Today in Crypto: BlockFi to Liquidate Platform as Selling It Wouldn’t Generate Enough Value, Justin Sun Fires a Round of Accusations at Huobi Founder’s Brother, Digital Yuan Enters Vietnam Border Region
16.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: BlockFi to Liquidate Platform as Selling It Wouldn’t Generate Enough Value, Justin Sun Fires a Round...
EU Council approves MiCA for clear crypto regulation
16.5.2023
European Union Council finance ministers vote to adopt the continent’s Markets in Crypto-Assets legislation following unanimous approval of new legal frameworks
De-Risking or Decoupling? China- US Bilateral Trade Falls More Than 10% This Year
15.5.2023
Analysts have criticized the new ‘de-risking’ strategy that the U.S. is currently using against China, explained by U.S. National Security Advisor Jake Sullivan in April, clarifying that national security was over economic costs. These de-risking policies might affect bilateral trade...
G7 Nations Discuss Countering China’s ‘Economic Coercion’
14.5.2023
The Group of Seven (G7) countries are discussing ways to counter China’s “economic coercion” against other nations, U.S. Treasury Secretary Janet Yellen has shared. Noting that Canada, France, Germany, Italy, Japan, the U.K., and the European Union share similar concerns,...
European Banking Authority May Veto Large Stablecoins During MiCA Approval Process
12.5.2023
The chair of the European Banking Authority (EBA), José Manuel Campa, has argued that central banks should veto stablecoins if they have fears the private, permissionless blockchains and crypto projects could threaten monetary policy.
"Central banks should have the power to veto the widespread...
EU AI Act updated with public facial recognition ban
11.5.2023
Regulators in the EU concluded another round of voting which added a new ban on the public use of biometric surveillance into its forthcoming AI Act
3 takeaways from the European Union's MiCA regulations
11.5.2023
The European Union’s Markets in Crypto-Assets regulation could stifle innovation and increase compliance costs for the crypto industry
French Senate proposal would allow influencers to promote cryptocurrency
3.5.2023
The senate’s proposal comes just months after the National Assembly floated legislation banning influencer advertising for crypto products and services
European Union pushes forward with first AI framework: Law Decoded, April 24–May 1
1.5.2023
High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures
Liechtenstein adapts blockchain laws to developing crypto landscape
1.5.2023
Future regulation is intended to ensure uniform regulation for all European countries and covered participants
ChatGPT, Midjourney, other AI tools to make their way into EU legislation
28.4.2023
The bill will classify the risk of AI tools and force developers of generative-AI applications to disclose the use of any copyrighted materials
European bankers on digital euro: 'ECB has no interest in users’ personal data'
28.4.2023
While anonymity still stands as the core issue of European CBDC, the inevitable competition with private banks also raises questions
EU data watchdog warns of ‘hell on Earth’ scenario for US AI companies
25.4.2023
Europe's Data Protection Supervisor predicts trouble abroad and at home for U.S. AI companies that run afoul of GDPR
German regulators launch inquiry into ChatGPT GDPR compliance
24.4.2023
Germany becomes the latest European nation to officially question OpenAI’s compliance with GDPR
Sonic Maker Sega Is The Video Game Industry’s Next Union Battleground
24.4.2023
Over 140 workers at Sega of America’s Irvine, California office have announced plans to form a new union to fight for better pay, adequate staffing, and more balanced schedules. It’s the latest front in the video game industry’s growing unionization movement, and the first to move its focus beyond...
Ukraine to Adopt Europe’s Crypto Rules, Clarifies Taxation
23.4.2023
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....
EU Parliament Greenlights Markets in Crypto Assets Law, Tracing Rules
21.4.2023
Members of the European Parliament gave their final approval to a package of EU-wide regulations for crypto assets. The legislators also backed the introduction of mechanisms allowing the tracing of cryptocurrency transactions which will also apply to private crypto wallets above a certain...
Ukraine plans to adopt EU’s new cryptocurrency regulations
21.4.2023
Immediately after passing the European Parliament, Ukrainian authorities announced plans to adopt the EU's MiCA regulations on crypto assets
Industry leaders and policymakers react to passage of MiCA in EU
20.4.2023
Many lauded the bill’s approval, suggesting that its anticipated passage could leave the United States at a disadvantage for attracting crypto firms and investments