In an opinion piece published in the Hill, Mairead McGuiness shared that digital assets offer many opportunities for innovation but still pose significant risks, especially if not regulated properly.
Fabio Panetta called the industry the Wild West, dubbed the dominant narrative in the industry "illusory," and even stated that the current bubble rises "like any Ponzi scheme."
The comment period has been open for just two weeks, but the comments have been piling up, with Germans dominating and most opposing the digital euro.
Two EU Parliamentary Committees have approved draft legislation to allow greater traceability and monitoring of blockchain wallet transactions that some say contain "red flags" for privacy.
Germany will lead the formation of the new body and it’s expected to start operations in 2024, including oversight over Bitcoin, which the watchdog believes is prone to crime.
The European Commission also said that the bill proposed in early 2023 would serve as the legal foundation for the euro central bank digital currency (CBDC).
The CEO has threatened to shut down Facebook and Instagram in Europe if Meta isn't allowed to process European data on U.S. servers; however, it's unclear how it would make up the lost revenue.
In this episode of CoinGeek Conversations, SmartLedger CCO Meike Krautscheid tells host Charles Miller why she believes Europe is finally catching up with its transatlantic neighbors in recognizing the power of blockchain as a solution.
Even aside from speculation and the pandemic, the industry has continued innovating, developing and growing throughout the region.
The exchange, which recently launched its services in Europe, will allow its users to make euro deposits and withdrawals via SEPA bank transfers.
The Slovikia-based digital currency exchange Eterbase experienced a breach in which six digital currency wallets were hacked for a total of $5.3 million.