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EU lawmakers push for stricter rules on anonymous crypto transfers
29.3.2023
The legislation was one of several laws designed to combat money laundering and terrorist financing, receiving 99 votes in favor, eight votes against, and six abstentions
EU Lawmakers Vote in Favor of Payment Limits on Anonymous Crypto Wallets
28.3.2023
Crypto rules form part of a money-laundering overhaul supported by the European Parliament Committees
EU Money Laundering Law Won’t Prevent Crypto Payments, Lead Lawmaker Says
28.3.2023
The new legislation, which will be put to vote on Tuesday, is set to impose new restrictions on transactions from self-hosted wallets
EU’s MiCA Crypto Law Debate Scheduled for April 18
20.3.2023
A final vote on the bloc’s Markets in Crypto Assets Regulation, which brings in a new licensing regime, is due April 19
Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil
19.3.2023
A European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social value. Belgium’s Ex-Finance Minister Suggests Ban...
Russian Parliament Votes on Bill Opening Door for Digital Ruble
18.3.2023
Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency. Russian...
Former Belgian Finance Minister Calls for Crypto Ban in Wake of Banking Crisis
17.3.2023
Johan van Overtveldt, economic spokesperson for the right-wing ECR political party in the European Parliament, compared crypto to drugs
European Commissioner Says Impact of SVB Collapse ‘Limited’ as Credit Suisse Drags Down Banking Stocks
17.3.2023
Silicon Valley Bank’s (SVB) collapse has had a “limited impact” on the European Union but authorities must still “stay alert” to events as they unfold, European Commissioner Mairead McGuinness has said. Despite McGuinness’ reassuring remarks, stocks of Europe’s largest...
European Parliament votes to form final law on EU digital wallet
16.3.2023
Introduced in 2021, the European Digital Identity framework aims to enable and protect digital identity of EU citizens
EU Parliament’s Smart Contract Plans Limit Standard-Setting Promise, EU Commissioner Says
15.3.2023
Controversial lawmaker proposals on data use may no longer meet original objectives, Thierry Breton told reporters
EU Parliament Passes Bill Requiring Smart Contracts to Include Kill Switch
14.3.2023
The new law has attracted controversy for endangering the immutable nature of blockchain-based conditional programs
Panic Mustn’t Be Allowed to Spread After SVB Collapse: EU Lawmaker
13.3.2023
Germany’s Markus Ferber said there needs to be a review of interest rate and sovereign bond exposures
Lawmakers to Resubmit Russia’s Crypto Mining Bill, Introduce Liability for ‘Gray’ Miners
26.2.2023
The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability for those who mint digital coins illegally. Adoption...
Bill Allows Russian Financial Platforms to Operate Blockchains, Issue Digital Assets
18.2.2023
A draft law filed in the Russian parliament permits operators of platforms providing financial services to also run blockchain platforms. The legislation will allow them to combine their regular activities in the traditional financial market with issuing digital assets. New Law Opens Door...
Proposed EU parliament rule could have banks apply 1,250% risk weight to crypto exposure
13.2.2023
The proposed rule change, putting crypto at one of the highest risk ratings at financial institutions, could go into effect until December 2024
Report: Egyptian Lawmakers Hail Parliament’s Endorsement of Pact to Join BRICS Bank
3.2.2023
Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will help Egypt reduce its demand for dollars and enable...
Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange
30.1.2023
Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of cryptocurrencies in the country and introduces a licensing regime for crypto miners and exchanges....
Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit
27.1.2023
Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials have also signaled interest in such an initiative. Iran and Russia Talk...
‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament
26.1.2023
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators...
ECB executive board member outlines plans for digital euro to European Parliament
23.1.2023
ECB board member Fabio Panetta affirms the ECB’s digital euro privacy policy and says the digital currency will never be programmable, but it may have an app