european union – Page 20

Law Decoded: Joe Biden’s executive order is finally upon us, and it doesn’t look too dreadful, March 7–14.

March 14, 2022

The long-anticipated presidential directive drops, EU votes on PoW ban, South Korea gets a pro-crypto president. As Russia’s self-styled “special operation” against Ukraine continues, crippling economic sanctions remain the Western powers’ primary weapon to counter Russia’s military actions without triggering an even more dramatic escalation. As NATO and allies’ financial offensive unfolds, ensuring that the…
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US and EU double down on measures against Russia potentially using crypto to evade sanctions

March 12, 2022

“The use of cryptoassets to circumvent economic sanctions is a criminal offence,” said U.K. regulators. The United States and the European Union have announced new actions targeting Russia’s economy and wealthy individuals as a report suggests Vladimir Putin’s allies have attempted to circumvent sanctions using cryptocurrency in foreign countries. In a Friday announcement, the White…
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EU Targets Crypto Assets in Widened Sanctions Against Russia, Belarus

March 11, 2022

The European Union is extending the scope of sanctions introduced in response to Russia’s invasion of Ukraine, with the latest agreement between member states specifically mentioning crypto assets. Russian oligarchs, senators and Belarusian banks have been targeted. Europe’s Sanctions Classify Crypto Assets as Securities to Close Loopholes for Russia On Wednesday, the European Commission welcomed…
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Sanctions on Russia and Belarus will include crypto — European Commission

March 10, 2022

The expansion of sanctions follows the commission announcing in February that it would be removing several Russian banks from the SWIFT cross-border payment network. The European Commission has clarified that crypto assets will fall under additional sanctions targeted against Russia and Belarus in response to the military conflict in Ukraine. In a Wednesday statement, the…
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Europe’s MiCA Crypto Rules Submitted, ECON Committee to Vote in Mid-March

March 10, 2022

The European Union’s regulatory proposal for crypto markets, MiCA, has been filed with the European Parliament. The latest version of the draft framework does not feature a controversial provision that could have effectively prohibited cryptocurrencies like bitcoin that rely on proof-of-work mining. Economic and Monetary Affairs Committee to Vote on Latest MiCA Draft on March…
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European Parliament will hold vote on crypto bill without PoW provision

March 8, 2022

“Strong support for MiCA is a strong signal from the EU Parliament for a technology-neutral and innovation-friendly financial sector,” said Stefan Berger. The parliament of the European Union has scheduled a vote on a framework aimed at regulating cryptocurrencies after addressing concerns over proof-of-work mining. In a Monday Twitter thread, European Parliament Committee on Economics…
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G7 Countries, EU Taking Measures to Prevent Crypto Use to Evade Sanctions

March 5, 2022

G7 countries and the European Union are examining ways to stop the use of cryptocurrency by Russia to evade sanctions. “We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets,” said Germany’s minister of finance. G7 and EU Seek to Prevent Crypto Use to Evade Sanctions The Group…
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Dogecoin Foundation registers name and logos as trademarked within in the EU

March 4, 2022

The foundation took action to prevent “attempts by people completely unaffiliated with Dogecoin to register” the names for reasons of fraud and extortion, according to board member Jens Wiechers. The Dogecoin Foundation announced on Twitter on Wednesday that it had registered “Doge,” “Dogecoin” and its associated logos as trademarks in the European Union. The certificate…
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Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation

March 3, 2022

A text threatening to prohibit cryptocurrencies relying on energy-intensive proof-of-work mining has been deleted from the draft legislation aimed at regulating the European crypto space. The move comes after the controversial provision sparked objections from the crypto community. MiCA Proposal Drops Ban on Proof-of-Work Coins Wording that could have banned cryptocurrencies with proof-of-work (PoW) mining,…
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EU is ‘taking measures’ against Russia using crypto to bypass sanctions, say finance ministers

March 2, 2022

“When it comes to economic and financial sanctions, we want to remain flexible and mobilized,“ said France’s finance minister, Bruno Le Maire. Economy and finance ministers representing nations in the European Union have said they will address Russia’s potential use of cryptocurrencies to evade sanctions imposed on it following its operations in Ukraine. Speaking to…
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