The European Investment Fund has teamed up with the European Commission to establish a dedicated investment scheme worth €100 million.
The 5MLD are an expansion of current AML/CTF regulations into the cryptocurrency space, and were designed to protect against potential abuses of the technology by criminal actors.
The Libra will never launch, if Europe has its way. But German banks want some kind of state alternative.
To mark the launch, the cryptocurrency exchange has eliminated all fees on qualifying transactions for the first six months for users in the European Union.
With specific reference to Facebook Libra, commissioner Valdis Dombrovskis said the EU would require “a common approach” to regulating stablecoins and cryptocurrencies.
Facebook Libra’s prospects in the European Union were dealt another blow today with the unveiling of Germany’s new comprehensive blockchain strategy.
Criticizing what he called the “privatisation of money,” French Finance Minister Bruno Le Maire said Facebook Libra’s risks were too many and severe to be tolerated by regulators in the European Union.
The Czech Republic is expected to enforce far stricter oversight of cryptocurrencies than is required according to laws created by the European Union.
bitFlyer is ready to introduce new services to its customers in the European Union (EU) with product improvement designed to make trading even better and faster.