EU commissioner for financial services calls for global effort to regulate crypto
Mairead McGuinness, the European Union EU commissioner for financial services, financial stability, and capital markets union, is urging a global effort toward regulating and addressing possible concerns in the crypto sector. McGuinness said the European Union and the United States could help lead the world in a legislative strategy for cryptocurrencies that respects the benefits […]
Binance limits services to Russians following EU’s 5th sanction
Following the European Union’s fifth package of sanctions against Russia, Binance, the world’s largest cryptocurrency exchange by volume, is imposing significant restrictions on Russian users. Binance imposed new restrictions for Russian nationals and residents on Thursday, prohibiting them from trading if they have more than 10,000 euros ($10,800). Binance’s spot, futures, and custody wallets, as […]
Crypto Industry Meets Ahead of EU Crypto Regulation
Crypto industry representatives are aiming to limit the proposal’s potentially harmful influence on the sector’s development as the European Union institutions continue to debate on the controversial Transfer of Funds Regulation (TFR). The rule might open the door for a crackdown on “unhosted wallets,” or just plain crypto wallets, among other things. Every transfer of […]
EU Passes MiCA Bill Without Crypto Restriction
The EU’s landmark legal bill for regulating crypto assets is moving forward in negotiations without the contentious measure to limit the use of crypto. The European Union’s (EU) proposed Markets in Crypto Assets (MiCA) regulatory package has advanced to the next stage of deliberations without a contentious provision aimed at restricting the use of proof-of-work cryptos like bitcoin […]
Report Reveals Last-Minute Changes To MiCA Proposal With A Revived EU Threat On Bitcoin Ban
Changes to the EU’s MiCA proposal to regulate crypto markets, announced just days before the package’s vote, indicate that a Bitcoin ban is still a possibility. A section of Europe’s Markets in Crypto Assets (MiCA ) draft legislation prohibiting the provision of services for cryptocurrencies based on the proof-of-work (PoW) mining mechanism was recently removed. […]