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National Bank of Ukraine Unveils E-hryvnia Concept

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The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail payments and cross-border settlements. Ukraine’s Monetary Authority Introduces Banks and Businesses to E-hryvnia Project The National Bank of Ukraine (NBU) … Read more

Russia Prepares to Create Government-Controlled Crypto Exchange

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Lawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state is losing budget revenues in the billions of rubles, pointed out one of the participants in these efforts. Legislators Want Russia to Have Its Own … Read more

EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy

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Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower. New energy efficiency labeling is to address the growing electricity usage in the crypto sector. EU to Develop Energy Efficiency Label for … Read more

Russian Parliament to Review Bill Prohibiting Crypto Payments

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Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s parliament. The sponsors of the bill want to task crypto platforms to prevent transactions that could facilitate payments with digital assets. Draft Law Banning Use of Cryptocurrency for Payments Submitted to Russian Parliament Russian lawmakers … Read more

EU Nears Agreement on Crypto Regulations, Report Reveals

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Authorities in the EU are moving closer to a deal on a legislative package tailored to comprehensively regulate the crypto market and related activities in Europe. According a media report, an agreement on the key legislation is likely to be reached as early as this month. Deal on EU Crypto Law Expected by End of … Read more

European Commission Has ‘Serious Doubts’ About Markets in Crypto Assets Draft, Report Reveals

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The European Commission disagrees with some provisions in the crypto regulatory proposal approved recently by the European Parliament. The executive arm in Brussels is unhappy with certain anti-money laundering measures, according to a media report quoting unofficial correspondence. European Commission Working on Compromise Proposal for EU Crypto Rules Europe’s upcoming Markets in Crypto Assets (MiCA) … Read more

EU Designates ESMA as Crypto Regulator of the Region in Latest MiCA Draft

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The Parliament of the EU has designated ESMA, the European Securities and Markets Authority, the top cryptocurrency regulator of the region in the latest draft of MiCA, the Markets in Crypto Assets regulation. The European organization would have the task of licensing crypto-related institutions and exchanges, putting national regulators under its authority. ESMA Gets Crypto … Read more

MiCA Amendments Proposed Last Minute Revive Threat of EU Ban on Bitcoin, Report Reveals

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Changes to the EU’s MiCA proposal to regulate crypto markets, suggested shortly before a vote on the package, indicate a bitcoin ban is still a possibility. Despite recently removing wording that would have prohibited coins with energy-intensive mining, some members of the European Parliament are now targeting “unsustainable” cryptocurrencies. New MiCA Paragraphs Call for Subjecting … Read more

Europe’s MiCA Crypto Rules Submitted, ECON Committee to Vote in Mid-March

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The European Union’s regulatory proposal for crypto markets, MiCA, has been filed with the European Parliament. The latest version of the draft framework does not feature a controversial provision that could have effectively prohibited cryptocurrencies like bitcoin that rely on proof-of-work mining. Economic and Monetary Affairs Committee to Vote on Latest MiCA Draft on March … Read more