An EU-wide stablecoin initiative is receiving resistance across the union European lawmaker Sarah Knafo has made a strong case for Bitcoin while criticizing the European Central Bank’s (ECB) push for a digital euro. Speaking before the European Parliament, Knafo called for the EU to establish a strategic Bitcoin reserve and reject the central bank digital
More regulations continue to drive the future of the cryptocurrency space The European Banking Authority (EBA) has taken a significant step towards strengthening Anti-Money Laundering (AML) efforts by extending Travel Rule guidelines to crypto-asset service providers (CASPs) and their intermediaries operating within the European Union. The #EBA has just published new guidelines on the information
The move may help bring more legitimacy to crypto as an alternative currency In an effort to combat money laundering, the European Parliament has established new rules requiring cryptocurrency businesses to perform formal due diligence, setting forth clear obligations for these companies. The recently enacted regulations seek to enhance “due diligence measures and identity checks,” encompassing
The EU continues to shape the future of crypto, and other regions will follow suit Parliament and the European Council have consented to extend parts of the European Union’s Anti-Money Laundering (AML) and Counter-Terrorist Financing law to include the cryptocurrency market. The agreement includes most of the crypto industry, requiring cryptocurrency service companies to review
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