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European Council advances cryptocurrency proposals

The European Union’s framework for regulating cryptocurrencies is slowly advancing. On Wednesday, the European Council, which guides the EU’s political agenda, announced its position on Markets in Crypto Assets Framework (MiCA) and Digital Operational Resilience Acts (DORA). The deal must be ratified by the European Council. After that, Parliament and European Council can begin to […]

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The EU wants to make it more difficult to send cryptocurrency

The European Commission (EC) has presented another recommendation that would require crypto-resource organizations to gather extra Anti-Money Laundering (AML) data from the individuals who use cryptocurrency for cash transfers. The expressed motivation behind this proposition is to forestall the further engendering of tax evasion action inside the European Union (EU). Under this proposition, according to […]

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The European Union might speed up launch of a digital currency

The European Union (EU) has given the cryptocurrency ecosystem a tepid response while, at the same time, understanding the value digital currencies offer. As coins like Bitcoin (BTC), Ether (ETH) and others flourish and gain more ground as an alternative to tangible fiat, the EU has acknowledged that it is exploring a central bank digital […]

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