MiCA: The EU’s Game-Changing Crypto Regulation
A summary of MiCA, the first-ever comprehensive regulation of cryptocurrencies in the EU. Learn what it is, why it matters when it will apply, and what it means for the crypto industry. The European Union has approved the world’s first comprehensive regulation of cryptocurrencies. The new rules will provide legal clarity and reduce risks for […]
EU adopts stricter rules on anonymous crypto transfers
In an effort to prevent money laundering and terrorism financing, European Union (EU) lawmakers have endorsed a new legislative proposal that would limit anonymous crypto asset transfers to one thousand euros. According to a statement released by the European Parliament on March 28, the limit would apply to the transfer of crypto assets when a […]
European Parliament votes to create EU digital wallet’s final law
European legislators have advanced the adoption of a digital wallet for the entire European Union (EU) by approving a motion to forward the plan. According to a formal statement, the European Parliament voted on March 15 in favor of drafting a mandate for discussions with the EU member states on the reform of the new […]
EU Commission’s VP calls for healthy competition in the metaverse
The executive vice president of the European Commission for competition Margrethe Vestager stressed the need to anticipate and plan for changes in technological advancements and healthy competition in the metaverse. At the Keystone Conference, Vestager discussed competition policy and emphasized how the transformation to a digital economy has created opportunities and risks for the general […]
EU agencies uncover cross-border crypto scammers network
Since July 2022, a global law enforcement effort coordinated by Europol and Eurojust has worked with crypto entrepreneurs and companies to stop cross-border crypto frauds. Since June 2022, officials from Bulgaria, Cyprus, Germany, and Serbia have worked with Europol and Eurojust, two EU institutions for law enforcement cooperation . The inquiry discovered a criminal organization […]