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The act would encourage data sharing, but it imposes requirements for smart contracts used in this setting that have alarmed members of the crypto community. Go to Source Powered by WPeMatico
Margrethe Vestager, the executive vice president of the European Commission, stressed the need to anticipate and plan for changes in technological advancements. Go to Source Powered by WPeMatico
The Solana Foundation’s head of strategy said he had heard from projects facing “pretty draconian” rules in the European Union related to liability of illicit crypto transactions. Go to Source Powered by WPeMatico
By the time MiCA makes it through the EU, will it be enough to effectively regulate the crypto industry on the continent? Go to Source Powered by WPeMatico
The proposition to use zero-knowledge proofs was approved by the EU Committee and may become part of the updated legislation. Go to Source Powered by WPeMatico
The sandbox will match up public and private sector projects with the appropriate participating regulators for assessments and consultations. Go to Source Powered by WPeMatico
The proposed rule change, putting crypto at one of the highest risk ratings at financial institutions, could go into effect until December 2024. Go to Source Powered by WPeMatico
It isn’t clear whether a 25-year-old European Union law means you should be allowed to get refunds on your NFTs. Go to Source Powered by WPeMatico
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 Approve Draft Law Implementing the Basel III Capital Regulations for Banks Members of … Read more
Banks could be required to hold a “risk-weighted exposure amount” of up to 1,250% of capital based on exposure to crypto if the full parliament passes the measures. Go to Source Powered by WPeMatico
