Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop, according to Philip Lane who believes the bank has to bring inflation back to the 2%…
Read more
The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa…
Read more
A new central bank digital currency (CBDC) in Europe would be designed with privacy in mind, although it would never be as private as cash is, according to a European Central Bank (ECB) official. Speaking before the European Parliament’s Committee on Economic and Monetary Affairs on Monday, ECB board member Fabio Panetta said a euro…
Read more
Officials have revealed that Ukraine intends to implement the crypto market rules approved by the European Parliament. While the government is already moving in that direction, the tax service has issued a clarification regarding the taxation of income resulting from cryptocurrency transactions. Ukraine Set to Incorporate EU Crypto Regulations Into National Law A regional leader…
Read more
Members of the European Parliament gave their final approval to a package of EU-wide regulations for crypto assets. The legislators also backed the introduction of mechanisms allowing the tracing of cryptocurrency transactions which will also apply to private crypto wallets above a certain threshold. European Lawmakers Endorse Groundbreaking Crypto Assets Legislation Europe’s new common rules…
Read more
The EU’s new regulatory framework for crypto known as MiCA is expected to be debated in the European Parliament on Tuesday or Wednesday next week, with a final vote expected to follow one day later. The new regulatory framework covers a wide range of issues within the crypto sector, including regulations for companies issuing crypto…
Read more
Amidst increasing limitations on banking access in the UK, crypto companies have taken their grievances directly to Prime Minister Rishi Sunak’s government. Per Simon Jennings, executive director at the advocacy group the UK CryptoAsset Business Council, “When crypto started, the purists were saying crypto will bring down the banks. But ironically, it’s the banks that…
Read more
The European Parliament on Tuesday approved new rules that aim to prevent crypto from being used for money laundering purposes. The most important part of the new legislation for crypto users is a new €1,000 ($1,080) cap on anonymous crypto transactions, meaning transactions that are made between self-hosted wallets where the user cannot be identified….…
Read more
Lawmakers in the European Union (EU) will vote on a new set of crypto regulations on Tuesday that could ban large crypto transfers from self-hosted wallets. The new regulations are part of a renewed focus in the EU on crypto and its potential use for money laundering. EU lawmakers will, among other things, decide on…
Read more
The financial regulatory body of the Netherlands intends to maintain tough attitude towards the Dutch digital assets sector despite looser European rules. The head of the agency overseeing the industry doesn’t think crypto is good news and highlights its flaws in an article. Head of Dutch Financial Authority Says Cryptos Are Difficult to Fathom, Vulnerable…
Read more
