Cyprus has prepared its own legislation to regulate crypto assets and is likely to adopt it before Europe finalizes a common regulatory framework, a government official has indicated. The authorities in Nicosia welcome the “careful” use of cryptocurrencies, he added. Government of Cyprus to Submit ‘Attractive’ Crypto Bill Cyprus has an “enviable position” in the…
Read more
Peter Grosskopf, co-founder of the DeFi project Unstoppable Finance, tells Cointelegraph auf Deutsch what he thinks about new regulations for DeFi. Currently, trialogue for the Markets in Crypto Assets (MiCA) and Transfer of Funds (TFR) regulations is underway in the European Commission, the European Parliament and the Council of Ministers, which will be concluded in…
Read more
Jonas Gross spoke with Cointelegraph about the digital euro’s risks for private banks and the goals of the ECB. The European Central Bank (ECB) is planning to launch a prototype of the digital euro in 2023. In the next five years, Europe could have its own central bank digital currency (CBDC) up and running. However,…
Read more
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…
Read more
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…
Read more
The report highlights DeFi’s potential for lower financial audit costs and substantial opportunities for financial integration across borders. Analysts from the European Commission showed an unexpected understanding of how decentralized finance (DeFi) actually functions, having defined it as something different from the traditional financial system and acknowledging that it would require rethinking the approach to…
Read more
CEO Michael Sonnenshein said the firm’s European rollout would be done piecemeal due to various regulatory regimes and investor attitudes. Digital asset manager Grayscale Investments is planning to expand its product offerings into Europe to tap into growing institutional demand for cryptocurrencies in the region, CEO Michael Sonnenshein confirmed Tuesday. In an interview with Bloomberg,…
Read more
Following the latest round of EU restrictions against Russia, digital asset exchange Binance is limiting services to Russian clients. The company pledged to lead the industry in implementing the sanctions and urged all major trading platforms to follow. Crypto Exchange Binance Cuts Services to Russian Accounts in Accordance With EU Penalties Binance, the world’s leading…
Read more
Previously unseen documents detailing the EU’s conversations around banning Bitcoin have come to light following a freedom of information request. European Union (EU) officials discussed banning Bitcoin trading during a debate on a proposal to ban Proof of Work mining according to documents obtained through a freedom of information request. According to a report, published…
Read more
Binance CEO previously said that crypto exchanges must comply with sanctions in a similar way to traditional financial institutions. Binance, the world’s largest cryptocurrency exchange by volume, is adopting major restrictions on users in Russia following the European Union’s fifth package of sanctions against Russia. Binance officially announced Thursday new limitations for Russian nationals or…
Read more
