A successful application of a digital euro hinges on three levels: issuance, convertibility, AML mandates, and policies; interation on SEBA regions; and encourages private sector innovation.
The EBA is on the hunt for an individual with sufficient expertise in digital assets and one that could supervise financial institutions in an effort to ensure the smooth enforcement of the MiCA law.
While some, like Hong Kong, have modified their regulatory outlook to attract VASPs and investors, Dutch AFM says it will keep being hard on the industry.
The introduction of the European Union-wide digital wallet framework will move to interinstitutional negotiations after passing its plenary vote by 418 to 103, with 24 abstentions.
Having been approved by the European Parliament, the data law will now be sent to the EU Council and European Commission for negotiations, with the first round of negotiations scheduled for March 28.
The European Union’s antitrust head says the region must adapt its policies to fit the digital age, including promoting healthy competition in the metaverse world.
The proposed change to the AML rules fills a noticeable gap in the EU’s landmark Markets in Crypto-Assets (MiCA) regulation, which currently excludes NFTs from its remit.
French lawmakers have passed new laws that tighten measures on cybersecurity, internal controls, and anti-money laundering but are not as tough as proposed in December.
The European Blockchain Regulatory Sandbox will host 20 blockchain projects annually until 2026, pairing them up with the right regulators for guidance.
Apart from the planned meeting with EU officials on the MiCA regulations, U.S. authorities will also hold talks with controversial digital asset firms, including Binance, Ripple, and Coinbase.
EU legislators voted in favor of a draft bill that seeks to impose new prohibitive measures to curtail banks’ involvement with “unstable” digital assets.
The raid resulted in the seizure of $1 million worth of digital assets, luxury apartments, and three cars, with over 250 suspects interviewed by police.
