Fri, March 29

Crypto Legal Framework MiCA Gets Final Approval by EU Council

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

May 16, 2023 1 min read

EU Authorities Approve Payment Limits on Non-KYC Crypto Users

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

March 28, 2023 2 mins read

Markets in Crypto Assets Regulation (MiCA) Bill Postponed by EU

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.

January 17, 2023 1 min read

Spain Bank Proposes for Wholesale CBDC Project

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

December 8, 2022 1 min read

Lithuania Strictens The Regulation on Anonymous Wallet

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

June 10, 2022 1 min read