Less than two weeks after the consultation process’ start, the prevalent mood in the comments section appears quite negative. In less than two weeks that passed since the European Commission opened its “Digital euro for the EU” initiative up to public consultation, more than 11,000 individuals and organizations left their feedback on the website. The…
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After the inflation rate in the eurozone reached a high of 7.5% in March, the European Central Bank (ECB) and the bank’s president Christine Lagarde explained on Thursday the central bank’s bond purchases will cease in Q3. Reiterating what she said at a press conference in Cyprus two weeks ago, Lagarde stressed on Thursday that…
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The EU Blockchain Observatory envisions distributed ledger technology delivering the Healthcare 4.0-era. The EU Blockchain Observatory published its fifth report under the headline “Blockchain Applications in the Healthcare Sector.” The document highlights the importance of distributed ledger technology for the European healthcare sector, which faces a number of challenges on its route to the “Healthcare…
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European institutions are closing crypto loopholes for Russia with the latest package of penalties imposed by the EU over Moscow’s aggression against Ukraine. The new sanctions prohibit the provision of “high-value” crypto-asset services to Russian entities and residents. EU Limits Russian Crypto Wallet Deposits to €10,000 Expanding its sanctions in response to the Russian military…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: UK, US, India, Singapore See More Crypto-Related Regulations, EU Bans High-Value Provision of Crypto Services to Russia + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Prohibiting crypto services was one of three financial measures the European Commission proposed in addition to an import ban on Russian coal. The Council of the European Union has cut Russians off from certain cryptocurrency services as part of a package of restrictive measures against Russian President Vladimir Putin’s “brutal aggression against Ukraine and its…
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The commission will consult with industry specialists on issues concerning the digital euro including international payments, privacy and the impact on financial stability. The European Commission is calling for financial services specialists to weigh in on the potential rollout of a digital euro. In a Tuesday notice, the European Commission’s Directorate‑General for Financial Stability, Financial…
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Members of the European Parliament have approved a controversial regulation that could undermine the decentralized finance (defi) sector in the EU. Some of its provisions, which are yet to be coordinated with other European institutions, aim to introduce restrictive measures for transactions involving privately managed crypto wallets. EU Parliament Moves to Introduce Verification for Defi…
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The Markets in Crypto Assets (MiCA) regulatory package passed another potential hurdle this week and is moving to the next stage of the EU’s legislative process. Proponents of a controversial text prohibiting proof-of-work (PoW) cryptocurrencies, which was recently dropped from the draft, did not take an opportunity to block the draft’s progress. EU Parliament, Commission…
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The moderate version of the regulatory framework’s draft prevailed in the ECON committee voting. Earlier on Monday, members of the European Parliament’s Committee on Economic and Monetary Affairs voted against a version of the Markets in Crypto Assets, or MiCA, bill that could have effectively banned proof-of-work-based cryptocurrencies within the EU. This comes as a…
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