The report views digital currency a trending innovation in finance, but also a threat to the sustainability of financial services due to its environmental impact.
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.
With the implementation of the digital euro, digital identities linked to wallets, and new regulations allowing for increased oversight and enforcement, the EU will become an increasingly unfriendly jurisdiction for criminals or those who play fast and loose with the law.
Policymakers in the European Union proposed that all companies that transfer BTC and other “crypto-assets” must collect details of the senders and recipients in an effort to crack down on crimes.
It makes sense for regulation to happen at the ESMA level, ensuring a Europe-wide framework for regulating the digital currency markets, according to a new AMF policy paper.
Documents published by the European Union show plans are already at a developed stage for the body, which would seek to enforce new rules on the transparency of digital currency asset transfers.
Chris MacManus, a Sinn Fein Member of the European Parliament (MEP) for Midland Northwest, said digital currency laws should be tightened across the bloc, submitting some 45 amendments to the EU.
Founding President Jimmy Nguyen caught up with Pēteris Zilgalvis, Head of Unit, Digital Innovation and Blockchain, Digital Single Market Directorate at DG CONNECT.
Marcin Zarakowski joins Bitcoin Association as an experienced hand in the blockchain space, making the move from the Lisk Foundation – another Zug-based non-profit operating in the blockchain technology and digital asset sector.
Prime Minister Chung Sye-kyung said the vaccine passport is built on blockchain technology to ensure security from possible identity theft.
The European Securities and Markets Authority report said digital currencies enjoyed a surge in volumes and value over the second half of 2020, pushing some digital currencies up to all-time highs.