IOTA Foundation supports the EU region’s blockchain initiative
The IOTA Foundation is one of seven enterprises chosen to support the early-stage innovation of designing a European distributed ledger technology platform. The goal of the initiative is to improve the efficiency and accountability of the European Blockchain Services Infrastructure (EBSI), a network of nodes dedicated to facilitating the efficiency of EU-centric transactions, as well […]
Stellar blockchain to host Thailand-Europe cross-border payments
Velo Labs, Tempo Payments and Bitazza, have partnered to host Thailand’s new cross-border remittance corridor which will connect it to 27 European countries and serve around 600 million customers. A new partnership between Velo Labs and two financial institutions has resulted in a $17 billion remittance corridor between Europe and Thailand, which runs parallel to […]
Irish Banks are pleased with the EU’s anti-money laundering regulations
Banks in Ireland have voiced support for the European Union’s anti-money laundering push, they believe this will affect the crypto space and also disrupt illicit transactions. According to the Irish daily Independent , financial institutions in Ireland have indicated support for plans to revamp the European Union’s anti-money laundering measures. The new AML body that […]
EU to set up a new unit that will fight illegal activities involving crypto
Since cryptocurrencies have the potential to be used in illegal financial transactions, The European Union (EU) is planning to establish a new agency to combat these crimes. According to a recent Reuters article, the European Union is considering establishing a new body to set new monetary transparency standards, combat money laundering, and possibly block terrorist […]