Category: European Union

EU vs US: Why Europe Crypto Regulation Is Worrying US Officials

Patrick Hansen, a crypto venture advisor and expert on European policy, made predictions about the timeline of two landmark EU crypto bills. Hansen reveals that Markets in Crypto-assets(MiCA) and Transfer of Funds Regulation (TFR), two landmark crypto bills, will pass between December 2022 and January 2023. The speedy regulation by the EU is worrying US […]

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Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent

Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent

The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to the fear that the global economy is in a recession and analysts believe that the risk of “parity is just a matter of time now.” […]

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Tax Agency Starts Checking Crypto Traders in Romania

Tax Agency Starts Checking Crypto Traders in Romania

Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body said in a statement, unveiling it was able to identify almost €50 million of undeclared crypto gains. Tax Authority in Romania Verifies […]

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EU Makes Deal on MiCA Legislation to Regulate Crypto Markets

EU Makes Deal on MiCA Legislation to Regulate Crypto Markets

Representatives of key European Union (EU) institutions and member states reached an agreement on the Markets in Crypto Assets regulatory proposal. The progress in the negotiations over the comprehensive legal framework for the Union’s crypto space comes after earlier this week European officials agreed to adopt a set of anti-money laundering rules for cryptocurrency transactions. […]

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EU Agrees on Hard-Hitting Crypto Regulatory Framework 

EU Agrees on Hard-Hitting Crypto Regulatory Framework 

On June 30, European Union policymakers hammered out an agreement on what will become the first major regulatory framework for the cryptocurrency industry. The Markets in Crypto-Assets (MiCA) legislation will make things more challenging for crypto exchanges and stablecoin issuers operating in Europe. Under the new regulations, stablecoin issuers such as Tether and Circle will […]

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EU tightens crypto regulatory measures; approves bill to track crypto-assets’ flow

This bill would force crypto asset service providers (CASPs) to request customer data on all transactions and give it to authorities when they request it. Several crypto companies protested against the bill’s proposal in April, citing a violation of user privacy and safety. On June 29, the EU Parliament and Council members reached an agreement […]

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EU Nears Agreement on Crypto Regulations, Report Reveals

EU Nears Agreement on Crypto Regulations, Report Reveals

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 […]

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Every Tenth Household in the Eurozone Holds Crypto (ECB Study)

Every Tenth Household in the Eurozone Holds Crypto (ECB Study)

A survey executed by the European Central Bank (ECB) estimated that 10% of the eurozone households are crypto HODLers. Wealthier families are more inclined toward purchasing bitcoin and altcoins. Dutch Households Lead the Way The ECB’s Consumer Expectation Survey determined that approximately one in ten family units in the following six European countries (Belgium, France, Germany, […]

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Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals

Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals

Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions. Coinbase Reportedly Asks Russian Clients to Withdraw Funds Some Coinbase […]

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