EU wants banks to back every digital asset held with fiat in new prohibitive measures
EU legislators voted in favor of a draft bill that seeks to impose new prohibitive measures to curtail banks’ involvement with “unstable” digital assets.
Latest European Parliament News
A boost for blockchain infrastructure as EU passes Digital Decade policy program
Initially proposed by the European Commission in March 2021, the policy program sets up a monitoring and cooperation mechanism to ensure the EU is progressing toward its key targets.
European Parliament agrees on new laws covering stablecoins, unbacked digital assets and exchanges
The effort signifies the European Union’s renewed urgency in ensuring that European law addresses issues posed by digital assets.
EU seeks to simplify digital asset tax rules and streamline collection
The European resolution calls for a "clear and broadly accepted definition of crypto assets and for a coherent definition of what would constitute a taxable event."
EU puts DeFi on notice, revives stablecoin transaction cap
The European Union is bracing for another wave of measures in the digital asset sector as Parliament mulls tougher laws for DeFi platforms and Web3 firms to boost its anti-money laundering campaign.
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.
The impact of blockchain tech in tourism: Global Tourism Forum in Dubai recap
Over 10,000 committee and community members tuned in for the Global Tourism Forum in Dubai where panelists discussed the opportunities of blockchain technology in the tourism sector.
EU Parliament votes against proof of work ban
The European Parliament’s economic and monetary affairs committee has voted to exclude the provision in the Crypto Assets (MiCA) framework that would have banned proof of work mining.
European securities regulator calls for input on DLT for tokenized securities
The European Parliament reached a consensus on a DLT pilot for early 2023 and the ESMA has called for public input to see if it needs to change securities laws.
Gary Gensler talks digital currency regulation with EU as Europeans call for member state rules
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.