EU to Answer Trump’s Stablecoin Push With Digital Euro
The EU must approve a digital euro to counteract the White House’s push for stablecoins. ECB board member Piero Cipollone proposed to double down on this digital currency, as the…
EU Parliament Adopts AML Laws Regulating Bitcoin Based On Questionable Assumptions
The European Parliament adopted a new AML law package which increases the reporting requirements of crypto asset service providers (CASPs) when sending and receiving ‘anonymous’ payments between self-hosted wallets and…
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EU Anti-Money Laundering Laws Ban Provision of Services for Anonymous Cryptocurrency Accounts
A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for…
De-Risking or Decoupling? China- US Bilateral Trade Falls More Than 10% This Year
Analysts have criticized the new ‘de-risking’ strategy that the U.S. is currently using against China, explained by U.S. National Security Advisor Jake Sullivan in April, clarifying that national security was…
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Ukraine to Adopt Europe’s Crypto Rules, Clarifies Taxation
Officials have revealed that Ukraine intends to implement the crypto market rules approved by the European Parliament. While the government is already moving in that direction, the tax service has…
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EU Parliament Greenlights Markets in Crypto Assets Law, Tracing Rules
Members of the European Parliament gave their final approval to a package of EU-wide regulations for crypto assets. The legislators also backed the introduction of mechanisms allowing the tracing of…
EU Lawmakers Vote To Impose Strict Capital Requirements On Banks Holding Bitcoin And Crypto
Banks would be allowed to hold 2% of capital in bitcoin, but required to have one euro in capital for every euro in cryptocurrency held. European Union lawmakers have voted…
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President of Bank of Brazil Shows ‘Open Finance’ Digital Real Concept Featuring Stablecoin Integration and Payments Functionality
Roberto Campos Neto, president of the Bank of Brazil, explained the role that the Brazilian central bank digital currency (CBDC), the digital real, might play in the future of personal…
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EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy
Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been…
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FX Strategists From Citi Say Euro Could Sink to $0.86 if Macro Turmoil Continues
While the euro has found support between 0.96 to 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around…