Cryptocurrency Analysis and News Portal
Governments around the world are facing hard choices when it comes to cryptocurrency: overregulate it and risk losing the benefits to the economy, or do nothing and make themselves vulnerable to those who step up. Currently, the European Union can’t figure out what to do about Libra, the digital
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The European Union is still trying to figure out what to do about Libra, according to a memo released Tuesday by European Commission Executive Vice-President Valdis Dombrovskis.The indecisiveness stems from a lack of actionable information. Specifically, Libra “lacks detail,” according to Dombrovskis. Despite repeatedly asking the Facebook-launched Libra Association for
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Bitcoin’s explosive price rally this year has earned it a new fan in CelticGold, AG.The Frankfurt-based precious metals exchange in a note advised commodity investors to purchase the world’s leading cryptocurrency. It said they should at least allocate 1-5 percent of their precious metals portfolio to Bitcoin, citing its two-year
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The United Kingdom’s major financial regulator, the Financial Conduct Authority (FCA), is looking to hire a specialist with a cryptocurrency background.Specifically, the FCA is seeking an intelligence associate with crypto expertise to address digital assets under the European Union's 5th Anti-Money Laundering Directive, the regulator said in a LinkedIn
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Crypto derivatives exchange Deribit is leaving the European Union for Panama to avoid new AML rules while changing its Know Your Customer (KYC) requirements. Deribit B.V., the current Netherlands-based company responsible for the Deribit.com exchange, will officially delegate the trading platform to its daughter company, DRB Panama Inc. on Feb.
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“The amount and type of extra personal information we would be required to collect from our users would alter the current user experience so radically, and so negatively, that we are not willing to force this onto our community,” the company said in a statement, adding the team never charged
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Amun AG, a Switzerland-based technology firm listed on SIX Swiss Exchange, has secured a license from the Swedish Financial Supervisory Authority (SFSA). The license enables Amun AG to offer its bitcoin (BTC) and altcoins-powered exchange-traded products (ETPs) to investors in the European Union (EU), according to reports on December 10,
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Swiss startup Anum has won a regulatory approval to widen its offerings of crypto-based financial products to retail investors in the European Union. Source
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A truckload of risks and concerns still lurk around stablecoins, this supposed stable form of cryptocurrencies, leading to concerns in the EU and other countries.The EU council and Commission took their press section to release a joint statement, clearly proclaiming their take on stablecoins and what must be done before
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No global stablecoin project will begin operation in the European Union (EU) until the associated risks to monetary sovereignty are addressed, according to EU authorities.In a joint statement adopted by the Council of the European Union and the European Commission (EC), the Council and the Commission admitted that stablecoins
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