The vote will commit lawmakers in Brussels to changing tax rules related to the digital asset industry, including whether to implement a single tax regime for digital assets across the bloc.
European Banking Authority chairman José Manuel Campa envisions challenges in hiring and retaining the specialized staff that will be needed as there is high demand for such talent across the market.
Regulators in the European Union and the United States met at the Joint Financial Regulatory Forum to exchange their views on topics of mutual interest as part of their regular financial regulatory dialogue.
The establishment of a comprehensive AML/CFT authority in the EU has been telegraphed by European political leaders for some time and was formally proposed by the European Commission in July 2021.
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.
The European Commission pointed out that the same regulatory approach used for traditional finance won’t work for DeFi as it hailed the benefits of DeFi.
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.
The commission wants to hear from finance specialists on their needs and expectations for a digital euro, its role in the economy, privacy protection, and more.
The new SEC chief told the Committee on Economic and Monetary Affairs at the European Parliament that advancing technologies were bringing U.S. and European markets ever closer together.
What the Taproot update does is make the responsibility for laundered coins to fall more broadly on the shoulders of every participant in the network.
Founding President Jimmy Nguyen caught up with Pēteris Zilgalvis, Head of Unit, Digital Innovation and Blockchain, Digital Single Market Directorate at DG CONNECT.