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Binance sued in Canada, CZ could serve 36 months in prison: Law Decoded
29.4.2024
Cryptocurrency exchange Binance is under legal pressure in Canada and the Philippines, while U.S. prosecutors are demanding 36 months in prison for Changpeng Zhao
OpenAI hit with privacy complaint in Austria, potential EU law breach
29.4.2024
Austrian data rights group Noyb filed a privacy complaint against OpenAI, accusing its ChatGPT of providing false information and potentially breaching EU privacy regulations
Here’s How EU Nations Are Preparing to Enforce MiCA
29.4.2024
With MiCA stablecoin rules taking effect in June, CoinDesk reached out to regulators in all 27 EU member states to show where countries are at with implementation
Europe needs ‘Airbus for the metaverse’ to become global Web4 leader
28.4.2024
Analysts from the London School of Economics and Political Science say a pan-European industrial cluster is necessary for the EU to compete in Web4
EU DeFi regulations set to welcome big banks, challenge crypto natives
26.4.2024
New rules under the MiCA framework may encourage big banks to enter the DeFi space, potentially complicating compliance for native crypto projects
EU touts health benefits for children in the metaverse despite risks
26.4.2024
The European Union’s in-house think tanks says the metaverse can help children heal from diseases
EU Introduces New Anti-Money Laundering Regulation: Here’s What it Means to Crypto
25.4.2024
A new body – Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) – will be established in Frankfurt.
The post EU Introduces New Anti-Money Laundering Regulation: Here’s What it Means to Crypto appeared first on Cryptonews
EU Watchdog Warns 90% of Crypto Trading Funneled Through Few Exchanges
11.4.2024
The European Union's (EU) securities regulator warned about the high concentration of trading activity on a limited number of crypto exchanges. Notably, Binance, a single platform, controls roughly half of the entire market.
The post EU Watchdog Warns 90% of Crypto Trading Funneled Through...
Lithuania’s Fintech Haven to Cull Crypto Firms Under New Licensing Rules
3.4.2024
Lithuania intends to implement a rigorous licensing process for crypto companies currently operating within its jurisdiction. This initiative, scheduled to commence next year, is expected to result in the removal of many digital asset companies.
The post Lithuania’s Fintech Haven to Cull...
Expert Clarifies No EU-Wide Ban on Anonymous Crypto Wallets
25.3.2024
Industry expert Patrick Hansen clarified that the EU’s recent anti-money laundering (AML) law does not specifically target banning anonymous crypto accounts.
The post Expert Clarifies No EU-Wide Ban on Anonymous Crypto Wallets appeared first on Cryptonews
Patrick Hansen Clarifies EU Regulation Misinformation: No Ban on Self-Hosted Wallets
25.3.2024
Erroneous early reporting and discussions on X about the European Union’s approach to cryptocurrency anonymity have been clarified by industry expert Patrick Hansen, stating that the EU’s Anti Money Laundering Regulation (AMLR) targets broader anti-money laundering (AML) and counter-terrorism...
EU Anti-Money Laundering Laws Ban Provision of Services for Anonymous Cryptocurrency Accounts
24.3.2024
A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for the “prevention of the use of the financial system for the purposes of money laundering...
OKX Delists Tether’s USDT for EU Users Amid Regulatory Concerns
19.3.2024
OKX has discontinued support for cryptocurrency trading pairs involving Tether's USDT stablecoin for users based in the European Union (EU) and the European Economic Area (EEA).
The post OKX Delists Tether’s USDT for EU Users Amid Regulatory Concerns appeared first on Cryptonews
EU Sets Global Precedent with Comprehensive AI Regulation Act
14.3.2024
The European Union has again set a global precedent by unanimously passing a landmark bit of comprehensive legislation to govern AI: The AI Act. According to the official press release, ministers in the European Parliament passed the AI Act on Wednesday with 523 votes for, 46 against, and...
EU Cracks Down on Crypto in Sanctions Evasion Fight
12.3.2024
European Union (EU) lawmakers have taken decisive action to bolster efforts to tackle sanctions violations, including those involving cryptocurrencies.
The post EU Cracks Down on Crypto in Sanctions Evasion Fight appeared first on Cryptonews
Why Europe’s MiCA Raises the Barrier to Entry for Stablecoin Issuers
8.2.2024
The Markets in Crypto Assets Regulation (MiCA), due to take effect this year, is the European Union’s comprehensive crypto law. The legislation promises legal certainty, compliance challenges and global implications. MiCA’s primary goal will be to establish a unified rulebook for regulating...
B2C2 Secures VASP Registration Ahead of MiCA Implementation
7.2.2024
UK-based digital asset liquidity provider B2C2 has secured a virtual asset service provider (VASP) registration expanding its operations to Luxembourg ahead of new rules being implemented in Europe. The Markets in Crypto Assets Regulation (MiCA), due to take effect this year, is the European...
EU Moves to Ban Bitcoin to Meet Energy Goals – Report
31.1.2024
Source: Pixabay A recent report has indicated that Proof-of-Work (PoW) consensus networks, like Bitcoin, may be banned in the European Union (EU). Daniel Batten, a managing partner at CH4 Capital, shared on his X (formerly Twitter) handle that the European Central Bank (ECB) and European Securities...
ESMA Seeks Feedback on Reverse Solicitation and Crypto Classification Under MiCA
30.1.2024
The European Securities and Markets Authority (ESMA), the top regulator of the European Union’s financial markets, has opened a feedback window, on guideline under MiCA regulation. The Markets in Crypto Assets Regulation (MiCA), which is due to take effect this year, is EU’s comprehensive...
Crypto Needs Cohesive Regulation – A Look at Europe’s MiCA
24.1.2024
From the U.S. to South Asia, jurisdictions are creating a patchwork of crypto regulatory regimes, making international business harder. Europe, with its bloc-wide Markets in Crypto-Assets Regulation (MiCA), is different