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."
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.
ESMA disclosed that it will not amend the existing rules on data reporting for the proposed plans to launch a securities trading pilot for the region.
The European Union's DLT sandbox project has seen a utility in agriculture and environmental sustainability, with Agreena, an ag-tech company leveraging it.
Georgia is overhauling its financial sector with new laws aimed at tackling money laundering and terrorist financing while working on its ambition to become a digital assets hub.
The central bank stated its intention in a paper it published reviewing the EU's Markets in Crypto Assets Act (MiCA), saying that South Korea's ICO ban has not been effective so far.
Digital currency businesses will soon face much stricter oversight in the European Union via the formation of a new cross-border regulatory body to tackle digital currency-based money laundering.
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.
ECB's Macroprudential Bulletin takes a closer look at stablecoins, DeFi, and climate risks associated with ‘crypto-assets.’
In an opinion piece, SEC Commissioner Kelvin Lester K. Lee said the Philippines regulator is looking out for best practices it can adopt from the EU's regulations.
The European Central Bank wants to issue stern warnings to eurozone countries about the necessity of "harmonizing" digital assets regulations, Financial Times report.