BIS to create a digital currency market intelligence platform in wake of market collapse
According to the BIS, the need for the project is due to "the collapse of many stablecoins and decentralized finance (DeFi) lending platforms."
Latest Europe News
Lithuanian government approves tightening of digital currency regulations
The proposals in the law include a tightening of the guidelines for user identification and a ban on anonymous accounts, and also places new obligations on digital currency exchanges.
European Union finalizes law for DLT-backed tokenized securities pilot regime
The European Parliament and Council have finalized laws that will regulate a planned pilot project to test the use of blockchain technology for tokenized securities.
ECB President Christine Lagarde slams digital currencies while backing CBDCs
Christine Lagarde remarked that digital currencies are highly speculative and very risky assets, but backed that the central bank will be behind the digital euro.
EU commissioner calls for global collaboration in digital assets regulation
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.
ECB board member likens Bitcoin and digital currencies to Ponzi schemes
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."
European Commission receives 10,000+ comments on digital euro, most in opposition
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.
EU committees approve new draft rules to increase monitoring of digital asset transactions
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.
EU to give digital asset oversight to new AML regulatory body: report
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.
European Commission: Digital euro bill due for early 2023
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).
Zuckerberg threatens to shut down Facebook and Instagram in Europe—why?
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.
Meike Krautscheid: Europe is waking up to blockchain technology
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.