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Top European Official Taking Closer Look at New Cryptocurrency Rules

One of the European Union’s most influential officials has promised to introduce new regulations on cryptocurrencies for member nations of the economic and political bloc. That official is Valdis Dombrovskis, who currently serves as the Commissioner for Economic and Monetary Affairs and the Euro as..

Libra Association Talks With EU Regulators Following Opposition

News The Libra Association is in talks with European Union regulators, according to its managing director, according to an interview with Reuters, Sept. 27. Bertrand Perez said that discussions were ongoing and there was still work to do, in one of his first public appearances on the job at a bloc..

EU and Libra: Facebook’s Project Gets Challenged as ‘EuroCoin’ Looms

Analysis The ripples of the Libra effect are beginning to lap against the shores of Europe, with French Finance Minister Bruno Le Maire suggesting that Europe should throw its hat into the ring and launch its own digital currency. Le Maire’s announcement comes at a time when EU politicians are bec..

CME’s BTC Index Provider CF Benchmarks Wins EU License

News CF Benchmarks, CME Group’s Bitcoin (BTC) index provider, received a benchmark license under the European Benchmarks Regulation (EU BMR). On Sept. 13, CF Benchmarks’ official Twitter account announced that the firm received its license from the United Kingdom’s Financial Conduct Authority (FCA..

Maltese Financial Regulator Will Actively Monitor Cryptocurrency Firms

News The Malta Financial Services Authority (MFSA) says in its recently published strategic plan that it will actively monitor and manage business-related risks related to cryptocurrency firms. Monitor crypto firms to prevent crypto-related crimesOn Sept. 6, the MFSA published its three-year strat..

Crypto Taxation Around the Globe — What Do Regulations Look Like?

Crypto Map Upon its inception, Bitcoin was envisioned as a borderless currency that could be used by its owners without being affected by the regulatory impositions of any centralized agency or government body. And while this idea in itself is quite grand, the fact of the matter is that today&#039..

Facebook Faces Fresh EU Scrutiny As WhatsApp Edges Closer To Mobile Payments

The European Union is actively probing Facebook’s Libra digital currency project for competition law violations, mainstream media report.Facebook’s Libra Has ‘Potential Anti-Competitive Behavior’ According to Bloomberg, which cited official correspondence August 20, the European Commission is qui..

The European Commission Concerned About Libra’s Potential Monopoly

News Antitrust regulators at the European Commission, the executive branch of the European Union, have sent out a questionnaire to determine whether Facebook’s proposed stablecoin Libra is an anti-competitive project. Bloomberg learned of the news via a private document, per a report on Aug. 20. A..

EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member state..

Could Britain’s Brexit Boost Bitcoin to New All-Time Highs?

A number of fundamentals have been driving Bitcoin in recent weeks, such as the escalating US China trade war and the UK’s exit from the EU. Some analysts foresee a new all-time high for BTC on the back of one of these events. Bitcoin Boosted by Economic Woes According to a report in the Independen..

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