Key Takeaways During a plenary session on September 13 in Strasbourg, France, members of the European Parliament showed overwhelming support for the eighth version of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting regulation. With a resounding 535…
MiCA legislation aims to create a consistent regulatory framework for crypto assets among European Union member states.
Key Takeaways: Central bank digital currencies (CBDCs) are grabbing the interest of many financial institutions with trial programs that run all over the globe. Banks and other financial market players are already predicting possible effects on a number of their…
Key Takeaways: A Paris Blockchain Week Summit from 13-14 April 2022. Various topics were raised including PoW mechanism, wallet tracing, travel rule, etc. Following European Parliament decisions that some worried would result in regulatory overkill, a crypto-focused gathering was hosted…
Key Takeaway: The European Union is about to put surveillance on exchanges. Coinbase said that cash was preferred method of illicit activities and not digital assets. Coinbase is urging the public to oppose the European Union’s amendment to the “Transfer…
Today, the European Supervisory Authorities have warned consumers. They have warned that many crypto-assets are highly risky and speculative. The ESAs outline key steps consumers can take to make informed decisions. This warning comes amid increased consumer activity and interest in crypto-assets,…
Key takeaways MEPs voted against the Markets in Crypto Assets [MiCA] law, which allows for the mining of Bitcoin and Ether. A majority of MEPs from the “EPP, ECR, Renew & ID voted against it, while a minority from Greens,…
Key Takeaways: Legislators in the EU have expressed objection in the past regarding the massive energy requirements of the Proof-of-Work Algorithm. Latest Crypto Bill has provision that could ban proof-of-work cryptocurrencies such as Bitcoin. Markets in Crypto Assets (MiCA), the…
