EU
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“Most of the crypto sector” will be impacted by the new rules, which still need to be finalized by lawmakers
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Firms set to seek regulatory approval for their planned Euro-denominated stablecoin before the intended launch date in 12 to 18 months
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The investing app’s crypto trading revenue had dropped by 55% in the third quarter, but its volumes rebounded in November
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The facility was originally built with the Research Institute of Sweden to address the need for more energy efficient data centers
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About 1% of Binance users are impacted by the Europe card shutdown slated for December, company says
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A Binance spokesperson said that the exchange has teamed up with partners like TrueLayer, Nuvei, and various card acquirers
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The bloc aims to explore the possibility of setting sustainability standards for crypto assets, potentially guiding future financial regulations in the sector
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Binance was earlier instructed to cease serving Belgium because it offered services from countries outside the European Economic Area
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The exchange originally planned to restrict access to some privacy coins in France, Spain, Italy and Poland
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Despite MiCA’s passage, both ESMA and Europe’s Systemic Risk Board want to ensure crypto is regulated and investors are protected
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DAC8 proposes that crypto asset service providers report client transactions to counter tax-related criminal activities such as tax evasion
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The framework’s licensing requirements are likely to spur banks that previously steered clear of crypto to service firms in the space, industry participants say
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Polygon says that Article 30, as it currently stands, is in opposition to the European Union’s other crypto-related policies
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Blockworks exclusive: A final draft of incoming EU regulation reveals bloc regulators are increasingly concerned about crypto privacy
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The European Union could ban dollar-pegged stablecoins under its new MiCA legislation, crypto lobbyists have
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MiCA will increase transparency around stablecoin reserves, carbon emissions and crypto exchange practices
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The deal concludes nearly seven months of consultation with the regulator following CoinShares’ acquisition of Napoleon in December
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The crypto bill consensus follows two years of debates among the EU’s 27 member states
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MiCA, the European landmark crypto law, is nearing the finish line in the EU’s long negotiation process
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While the US and parts of Europe weigh the role that cryptos might play in aiding Russian sanction evasion, Cyprus is being fully compliant, a government official told Blockworks
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