New 5AMLD rules require digital currency firms to register in Spain
Lawmakers in Spain are currently drafting new rules that would implement the Fifth Anti Money Laundering Directive into national law.
The Latest European Union News
European Union prepares next stimulus package
This latest package comes roughly two months after the EU approved a €540 billion ($600.84 billion) stimulus package.
Digital currency firms in Ireland denied banking amid EU directive delays
AIB said its concerns stem from a delay in importing the Fifth Anti-Money Laundering Directive (5AMLD) into domestic law.
Dutch central bank cracks down on digital currency firms
The De Nederlandsche Bank is requesting that companies who provide these services register with the DNB before May 18.
French regulator: Too early to classify digital currency assets precisely
The Autorité des Marchés Financiers set out its views in response to a consultation process led by the European Commission.
EU financial clearing houses EU want digital currency standardization
The establishment of regulatory protocols for digital assets in the European Union don’t cover all aspects of the industry.
French regulator calls for a European blockchain ‘Digital Lab’ sandbox
The French financial markets regulator has called on other European countries to implement enabling regulations for digital currencies and blockchain technology.
European Union regulators weighing options on Facebook Libra
Regulators in the European Union are reportedly struggling to decide how best to regulate Facebook Libra and the wider sector.
KyberSwap flees Europe as AML regulations kick in
Kyberswap claims the new regulations would increase costs, but stricter AML regulations might mean their entire operation is at risk.
EU authority planning legal framework for crypto in 2020
The European Securities and Markets Authority has announced plans for a new legal framework governing the cryptocurrency sector.
Mining pool Simplecoin shuts down as EU tightens regulations
The 5MLD will require Simplecoin to implement and adhere to several anti-money laundering and know-your-customer policies.
Bottle Pay crypto remittance service is shutting down
The U.K.-based company, Bottle Pay announced that it will shut down due to conflicts on the new anti-money-laundering guidelines coming to the European Union.