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DeFi may struggle to stay decentralized after new EU law
14.5.2024
DeFi’s exemption from MiCA regulation may fade as an update targets protocols with centralized components. The sector could split between hybrid and DeFi models
Digital Euro Use Won’t Push Out Swedish Krona: Central Bank
14.5.2024
Adopting a potential digital euro won't reach a critical point that hastens the Swedish krona’s displacement, Sweden’s central bank said.
The post Digital Euro Use Won’t Push Out Swedish Krona: Central Bank appeared first on Cryptonews
Blockchain adoption in healthcare faces serious obstacles in Germany
12.5.2024
Blockchain technology could enhance healthcare digitalization, but privacy concerns are hampering adoption
EU Regulator Considers Crypto Inclusion in €12 Trillion UCITS Funds
9.5.2024
The European Securities and Markets Authority (ESMA) has initiated a call for evidence to explore the potential inclusion of new assets, including cryptocurrencies, in UCITS funds, which represent a major share of EU retail investments. UCITS, an acronym for Undertakings for Collective Investment...
EU seeks stakeholder opinion on adding crypto to 12T euro investment market
9.5.2024
If approved, the EU’s UCITS funds would make way for crypto assets to gain exposure to a 12 trillion euro investment product market
EU Securities Watchdog Considers Including Crypto in Investment Products, Expanding Market Access
9.5.2024
The EU securities watchdog is seeking input from stakeholders on the potential inclusion of crypto assets in investment products.
The post EU Securities Watchdog Considers Including Crypto in Investment Products, Expanding Market Access appeared first on Cryptonews
EU crypto regulations undermined by lack of enforcement, say observers
7.5.2024
The European Union’s Markets in Crypto-Assets Regulation is being phased in, but regulators have reportedly been inconsistent in enforcing existing laws
Central banks must revise business model, embrace CBDCs — ECB member
6.5.2024
Bundesbank’s president Joachim Nagel urged central banks to revamp their business models and adopt digital currencies during the BIS Innovation Summit
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...