The decision comes in response to worries that cryptocurrency is being used to dodge sanctions imposed in response to Ukraine’s invasion. Member states of the
The sandbox is intended to alleviate legal concerns about DLT use cases. On Monday, March 14, the European Blockchain Observatory issued a request for proposals
Earlier on Monday, members of the European Parliament’s Committee on Economic and Monetary Affairs voted against a version of the Markets in Crypto Assets, or
Christopher Wray pointed to the FBI’s recent work confiscating substantial quantities of cryptocurrency as proof that exploiting digital assets to circumvent sanctions has flaws. Given
The commission’s decision to exclude six Russian banks from the SWIFT cross-border payment network in February triggered the increase of penalties. The European Commission has
“The EU Parliament’s robust support for MiCA is a significant signal for a technology-neutral and innovation-friendly banking sector,” Stefan Berger stated. After resolving concerns about
A section of draught legislation intended at regulating the European crypto ecosystem that threatened to restrict cryptocurrencies based on energy-intensive proof-of-work mining has been eliminated.
“It’s crucial that MiCA be passed as soon as possible so that we can have a regulatory framework under which crypto assets may be captured,”
“It’s critical for me that the MiCA report isn’t misconstrued as a de facto Bitcoin ban,” Stefan Berger stated. The European Union’s parliament has postponed
“It is critical that the new EU authority explicitly includes crypto-assets,” said European Parliament member Luis Garicano. The European Commission reportedly plans to have its
“In some cases, a consulate may accept other forms of proof of assets, such as crypto-assets,” said Laura Bernard of the European Commission. For international
The EU’s executive arm is preparing to launch public consultations on the digital euro project next month. In addition, the European Commission will draught new
