New EU proposal looks to tighten regulations for sending cryptocurrency
The European Commission looks to block large anonymous transfers of cryptocurrency in an effort to limit money laundering activity. Go to Source Powered by WPeMatico
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French government pushes for one agency to regulate crypto across the EU
The proposal would result in uniform regulations for digital currency across the EU. Go to Source Powered by WPeMatico
EU Mulls AML Authority and New Rules for Crypto Transfers, Documents Suggest
The European Union is preparing to set up an anti-money laundering agency to coordinate national supervisory authorities. According to a media report based on EU documents, the bloc also plans to impose new rules to increase transparency for cryptocurrency transfers. Europe Steps Up Anti-Money Laundering Efforts on Union Level In response to calls for enforcement … Read more
Fiat-to-crypto onramp Simplex integrates SEPA Instant for European partners
“We’re delighted to add SEPA Instant to our growing portfolio of payment methods, giving our partners’ users the power to make instant wire transfers of up to €100,000, 24/7,” said Simplex CEO Nimrod Lehavi. Go to Source Powered by WPeMatico
BREAKING: Binance suspends euro bank transfers amid regulatory heat
As of 8 am UTC on Wednesday, Binance users will no longer be able to make euro deposits through their bank. However, they can still fund their accounts with credit cards and debit cards. Go to Source Powered by WPeMatico
Privacy Is Key for Successful Digital Euro, Data Protection Body Says
The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will protect users’ privacy. EDPB Insists Data … Read more
$71B in crypto has reportedly passed through ‘blockchain island’ Malta since 2017
The Financial Action Task Force, a membership body of 37 jurisdictions and two regional organizations, has flagged Malta’s initial push to attract cryptocurrency business as “problematic.” Go to Source Powered by WPeMatico
Within five years, US hedge funds expect to hold 10.6% of assets in crypto
North American hedge funds are at the vanguard of crypto-curious investors, although EU and U.K. funds are not far behind, expecting to hold 6.8% of their assets in crypto within five years. Go to Source Powered by WPeMatico
European Union to Release Digital Wallet for Payments Next Year
The European Union (EU) will launch a digital wallet allowing citizens of any country in the bloc to make payments and access services provided by each state, also allowing for the storage of digital ID information. The wallet, which will reportedly be launched next year, could be tied in with the digital euro project, a … Read more
Euro investment bank predicts shortfall in blockchain and tech investment
The EU is billions of dollars behind China and the U.S. when it comes to investment in blockchain and artificial intelligence, said the EIB. Go to Source Powered by WPeMatico
