Ireland is working closely with the European Union’s regulatory agencies and authorities to align the country’s stance with the Markets in Crypto-Assets (MiCA) regulation, according to Central Bank Deputy Governor Derville Rowland. Rowland revealed this during her speech at the Association for Financial Markets in Europe (AFME)'s 8th Annual European ...
Swiss digital asset bank Sygnum has revealed plans for expansion in the European Union and Asia following a profitable first half of 2024. The bank reported significant growth across its services, with crypto derivatives trading surging 500% and spot trading volumes seeing a two-fold rise compared to the same period ...
The European Union Agency for Law Enforcement Cooperation (Europol)’s latest report, has flagged significant concerns within the cryptocurrency ecosystem, particularly regarding non-fungible tokens (NFTs) and Bitcoin exchange-traded funds (ETFs). According to the “Internet Organised Crime Threat Assessment (IOCTA) 2024” report, while large-scale fraud involving NFTs has not yet materialised, the ...
Microsoft has reportedly decided not to join OpenAI's board amid escalating regulatory scrutiny of the Artificial Intelligence(AI) firm. According to Bloomberg, the tech giant communicated this decision in a recent letter to the OpenAI board. In the letter, Microsoft expressed confidence in the company's direction, noting the progress made by ...
The Bank of Italy will soon issue guidelines on implementing the European Union's Markets in Crypto-Assets Regulation (MiCA). Governor Fabio Panetta announced this during his address to the Italian Banking Association on July 9, 2024. stating that these guidelines aim to ensure effective MiCA application and protect cryptocurrency holders. Panetta ...
In a significant move to bolster Anti-Money Laundering (AML) efforts, the European Banking Authority (EBA) has announced the expansion of Travel Rules guidelines to encompass crypto service providers and their intermediaries. Starting from December 30, crypto exchanges operating within the European Union (EU) will be obligated to comply with Regulation ...
The European Council has unveiled its 14th package of sanctions, focusing on crypto providers outside Europe that support Russia's defense-industrial base. This latest round of measures aims to tighten restrictions on key sectors of the Russian economy, including energy, finance, and trade. According to a press release, the Council has ...
European digital asset trading platform Uphold will stop supporting six stablecoins starting from July 1 due to the region's new crypto-facing regulatory framework, the Markets in Crypto-Assets Act (MiCA). In a recent post on X (formerly Twitter), Antony Welfare, founder of the Commercialising Blockchain Research Centre (CBRC), shared a screenshot ...
The EU Innovation Hub for Internal Security has issued a report condemning the use of privacy coins and cryptocurrency mixers, pointing out the significant hurdles they present for regulation and law enforcement. According to the report, these tools obscure transaction trails, making it nearly impossible to track illicit activities. "Mixers ...
On Tuesday, January 16, the European Banking Authority (EBA) released additional regulations for crypto companies to comply with in order to meet its anti-money laundering and terrorist-financing requirements. The agency noted in its press release that by extending the scope of its existing regulations to include digital assets, it "harmonizes ...
