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."
Latest European Union News
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.
EU regulator gives green light for DLT securities trading pilot
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.
Denmark to begin work on EU’s distributed ledger technology scheme
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 drafts new laws to keep up with EU digital asset regulations standards
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.
South Korea: ICO ban likely to be lifted as Bank of Korea eyes EU’s MiCA
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.
EU’s new AML watchdog spells trouble for ‘crypto’ crooks
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.
EU banking regulator concerned about finding staff to oversee digital assets: report
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 bulletin reveals climate concerns, Tether tail risks and DeFi lies
ECB's Macroprudential Bulletin takes a closer look at stablecoins, DeFi, and climate risks associated with ‘crypto-assets.’
Philippines is studying EU’s digital assets AML/CFT regulations: SEC commissioner
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.
ECB to warn eurozone nations over fragmentation of digital assets regulations: report
The European Central Bank wants to issue stern warnings to eurozone countries about the necessity of "harmonizing" digital assets regulations, Financial Times report.
The CoinGeek Pulse Episode 94: Voyager files bankruptcy, DoJ goes after ‘crypto’ frauds, Meta shuts down Novi
Meta is shutting down its Novi wallet. The social media company is asking its users to withdraw their funds—either by transferring them to their bank accounts or withdrawing them as cash.