Upcoming High-Level EU Financial Policy Talks Could Steer Crypto Oversight: Source
An informal document shared among EU officials shows digital finance, and thereby crypto, topping a list of priorities to be discussed.
EU
The Big Misunderstanding: What MiCA Really Means for Stablecoins in Europe
The EU’s comprehensive crypto guidance does not introduce entirely new regulations for fiat backed stablecoins, former central banker Jón Egilsson writes. Instead it affirms existing rules that many current issuers are not yet following.
Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules
Customer due diligence requirements for crypto firms may be more stringent than for banks, policy watchers told CoinDesk.
EU Provisionally Agrees Tough Crypto Due Diligence Measures to Combat Money Laundering
Crypto firms have to do checks on transactions of 1000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets.
European Central Bank Shows It’s Serious About Enabling Digital Euro Offline Use
The central bank plans to allocate the lion’s share of its $1.3 billion contract budget for providers to work on enabling offline payments for a digital euro.
EU Banking Watchdog to Deepen Probe of Links Between Banks, Crypto Entities: FT
The European Banking Authority (EBA) will take additional steps to anticipate how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect banks.
Robinhood Broadens Crypto Service to Europe, Notes Region’s Digital Asset Regulation
The company said it chose Europe to anchor its crypto expansion outside the U.S. because of the region’s comprehensive rules.
Fiery Public Hearing on Digital Euro Sees Experts Diverge on Key Issues
Expert witnesses answered lawmaker questions on holding limits, impact on banking systems and privacy for an EU central bank digital currency.
EU Parliament Approves Data Act With Smart-Contract Kill Switch Provision
The final version of the bill’s text, reviewed by CoinDesk in July, revealed that it contained a smart-contract kill switch clause.
Crypto Shareholder Requirements Set Out by EU Banking Regulators
Controls on staff bonuses at crypto exchanges and wallet providers are also planned as the bloc prepares for its landmark crypto law, MiCA.