Tag: european union

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Survey finds Europeans want home countries to regulate crypto, not EU

A recent poll regarding European cryptocurrency policy saw the participation of 31,000 respondents across 12 member states of the European Union. A large-scale poll across 12 European Union member states revealed that a majority of Europeans would prefer local governments to create and regulate cryptocurrencies.  Redfield & Wilton Strategies carried out a survey for Euronews, polling 31,000…
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Decentralized search engine becomes default option on European Android devices

Presearch is backed by a community of node operators who process user search requests and earn rewards through the Ethereum-based PRE token. Beginning Sept. 1, decentralized search engine Presearch will be listed as a default option on all new and factory-reset devices sold in the United Kingdom and Europe, a move that could erode Google’s…
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Crypto.com becomes first cryptocurrency platform to receive MFSA Class 3 license

Under the Class 3 VFA license, Crypto.com can provide custodial services and execute orders on behalf of other persons. Crypto.com, the popular mobile platform for buying and selling digital assets, has become the first cryptocurrency company to receive Malta’s Class 3 Virtual Financial Assets license. The license was granted by the Malta Financial Services Authority,…
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Hungary plans Bitcoin tax cut as part of economic recovery program

Lawmakers are reportedly planning to cut taxes on Bitcoin gains in half, possibly as early as 2022. Cryptocurrency investors in Hungary could be getting a major tax break very soon, as lawmakers seek to make the central European country more competitive in the wake of the COVID-19 pandemic. In a video that appeared on Facebook…
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Digital euro’s privacy promise not worth a centralized system, Oasis exec says

A former Apple executive believes the European Central Bank might just be paying lip service to the concept of privacy in relation to a digital euro. When European Central Bank board member Fabio Panetta addressed the European Union Committee on Economic and Monetary Affairs in April, he emphasized the importance of privacy in any potential…
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Europe awaits implementation of regulatory framework for crypto assets

A deep dive into the EU’s Markets in Crypto-Assets regulatory proposal, which could provide a precedent for other countries. The global landscape of crypto-asset regulations is diverse and, even though it is getting more complex, many regulators are still choosing to wait and see how this space develops and what others will do. Right now,…
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Irish crypto firms must comply with money laundering laws for the first time

It is now a criminal offense to operate a crypto firm in Ireland without registering with the Central Bank of Ireland. Ireland’s crypto businesses have become subject to regulatory oversight for the first time, with local digital asset firms now observing anti-money laundering guidelines set out by the European Union, or EU. The EU’s Fifth…
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Brexit and fintech: A spring stocktake

The United Kingdom no longer has the choice but to adapt to the post-Brexit times, making digital finance one of its priorities. It has been four months since the Brexit trade deal came into effect between the United Kingdom and the European Union. The deal, in common with other free trade agreements, does very little…
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German federal bank runs successful blockchain system without a CBDC

Executives at the Deutsche Bundesbank are eager to launch a blockchain-based system without the need for a CBDC — and they just might succeed. Germany’s federal bank, the Deutsche Bundesbank, has run successful tests on a project which bridges the traditional finance infrastructure with blockchain technology. Despite the current global rush by central banks to…
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EU appoints major finserv firm to lead blockchain social media project

The initiative will assess 450 proposals aimed at boosting the integrity of social media posts with the help of blockchain technology over the next three years. The executive body of the European Union has appointed a major financial services firm to lead a three-year initiative aimed at boosting the integrity of social media posts using…
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