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European Banking Authority Chair José Manuel Campa said the agency does not yet have the capacity to supervise digital assets. A major concern is hiring and retaining the specialized staff required because there is a high demand for crypto talent, he told the FT in an interview published Wednesday. Source
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Most notably, the EU would extend the so-called “Travel rule,” which currently applies to wire transfers managed by global banks, to require crypto-asset service providers to collect and report data about the originators and beneficiaries of crypto-asset transfers. Original Source
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The Markets in Crypto-Assets passed the Tripartite negotiations, while the
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“If a non-fungible token becomes fungible, then it will fall into” either MiCA, or other EU laws governing conventional financial instruments, said the source, who asked not to be named. In reality, another source has told CoinDesk, last-minute drafting changes may mean that the law may apply to any NFT
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New EU laundering rules could be unworkable and destructive to the industry, some worry – but others say crypto companies must learn to live with privacy-busting regulation. Source
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Last week, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties, Justice and Home Affairs (LIBE) voted in favor of a regulatory update that could compromise the exchange platforms’ ability to deal with noncustodial crypto wallets. Should the regulatory project make it to
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The MiCA framework, which was introduced in 2020, aims to simplify expansion for crypto businesses throughout the EU's 27 member nations, and covers a wide range of rules for crypto issuers and service providers. It also includes special regulatory requirements for stablecoins, which are cryptocurrencies pegged to the value of
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The European Union's (EU) proposed Markets in Crypto Assets (MiCA) regulatory package is moving forward to the next phase of discussions without a controversial provision seeking to restrict the use of cryptos like bitcoin, that are based on proof-of-work. Source
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Last week, Bitcoin (BTC) dodged a regulatory bullet in the European Union when proposed cryptocurrency legislation was altered to not include a ban on proof-of-work- (PoW)-based crypto assets. Policymakers had raised a number of concerns about the relative anonymity of crypto transactions and their environmental impact. Some experts including Tim
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As well as driving a lot of demand for clean energy, crypto’s blockchain technology, which was designed to share a catalog of transactions so coins can’t be spent twice, can digitize and streamline clean energy markets. This involves assigning digital identities to clean energy facilities, for example, and creating digital
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