The European Union (EU) is in terms to elongate the course of building newer frameworks with better performance for blockchain developers, reports the officials in the EU. Concurrently, this is followed by the major exchanges like Coinbase and Binance being sued by U.S. Securities and Exchange Commission (SEC) in the
Members of the Council of the European Union voted in favor of the Markets in Crypto-Assets (MiCA) legislation on May 16. Granting it final approval and paving the way for it to become a standardized regulation throughout the EU. There were 27 yes votes from Finance Ministers from EU member
As part of a sweeping revision of anti-money-laundering regulations. Lawmakers in two influential committees of the European Parliament decided to place restrictions on payments. Specifically made by individuals who cannot prove their identity. Plans to establish a new European Union Anti-Money Laundering Agency, AMLA, and prohibit firms from receiving significant
Due to technological difficulties, the European Union has to postpone the implementation of its major new law, the Markets in Crypto Assets Regulation (MiCA). But the final vote won’t happen until April at the earliest. Problems in translating the roughly 400-page document into the 24 official languages of the union.
Banks Spain has proposed a wholesale CBDC project, according to the coin desk on Monday. The proposal is for various financial institutions and technology service providers. According to an official statement from the bank, the program intends to increase the usage of CBDCs in wholesale transactions. Wholesale transactions are those
The growth of crypto companies in Lithuania is exponential, number is 252 at present. The banning will cut off the money laundry and anti-social financial activities. The European Union (EU) is in a way to take a strong stand on banishing the suspicious anonymity of the cryptocurrency. As an inaugural
