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The European Commission has set out to oblige platforms processing crypto transactions for EU residents to share information with tax authorities in the Union. According to the proposal, all crypto service providers, regardless of where they are based, will have to abide by the new rules. EU to Consider New Reporting Requirements for Crypto Platforms … Read more
In a recent statement, the European Parliament said its members would shortly “vote on adopting the regulation on markets in crypto-assets (MiCA).” According to the parliamentary body’s think tank, the envisaged regulations are expected to provide “legal certainty for crypto-assets not covered by existing EU legislation.” A crypto counselor, Paulius Vaitkevicius, said any regulation of … Read more
In its latest hearing on FTX, the committee looked to financial officials to assess the impact of FTX’s collapse in Europe, and suggest a way forward. Go to Source Powered by WPeMatico
In June, Christine Lagarde said a potential MiCA II framework “should regulate the activities of crypto-asset staking and lending, which are definitely increasing.” Go to Source Powered by WPeMatico
The CEO of Ripple Labs, Brad Garlinghouse, believes that the crypto industry will come out stronger after the FTX meltdown if transparency and trust remain its key focus. He stressed the importance of having “honest conversations about solving real-world problems with crypto and blockchain.” Ripple’s CEO Optimistic About Crypto’s Recovery After FTX Meltdown The CEO … Read more
The European Commission is preparing to discuss with member states the adoption of a common tax regime for crypto assets, European officials have indicated. The talks with national treasuries are expected to start next year with the aim to end the differentiated tax treatment of cryptocurrencies across the bloc’s 27 jurisdictions. European Union to Consider … Read more
“With a global MiCA, the FTX crash would not have happened,” said European Parliament economics committee member Stefan Berger. Go to Source Powered by WPeMatico
One of the reasons behind the delay is “the enormous amount of work for the lawyer linguists, given the length of the legal text.” Go to Source Powered by WPeMatico
The European Union’s Markets in Crypto-Assets legislation could create an easier environment for exchanges to operate in, according to Binance’s VP of Europe. Go to Source Powered by WPeMatico
During her visit to the United States, the official highlighted the importance of a truly global regulatory effort. Go to Source Powered by WPeMatico
