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European Union set for digital currency asset law by 2024
The new rules will aim to make it both quicker and cheaper to facilitate cross-border payments, with the help of blockchain and digital assets.
The new rules will aim to make it both quicker and cheaper to facilitate cross-border payments, with the help of blockchain and digital assets.
The draft Markets in Crypto-Assets legislation will operate in a similar way to the Markets in Financial Instruments Directive for securities.
Lawmakers in Spain are currently drafting new rules that would implement the Fifth Anti Money Laundering Directive into national law.
This latest package comes roughly two months after the EU approved a €540 billion ($600.84 billion) stimulus package.
AIB said its concerns stem from a delay in importing the Fifth Anti-Money Laundering Directive (5AMLD) into domestic law.
The De Nederlandsche Bank is requesting that companies who provide these services register with the DNB before May 18.
The Autorité des Marchés Financiers set out its views in response to a consultation process led by the European Commission.
The establishment of regulatory protocols for digital assets in the European Union don’t cover all aspects of the industry.
The French financial markets regulator has called on other European countries to implement enabling regulations for digital currencies and blockchain technology.
Regulators in the European Union are reportedly struggling to decide how best to regulate Facebook Libra and the wider sector.
Kyberswap claims the new regulations would increase costs, but stricter AML regulations might mean their entire operation is at risk.
The European Securities and Markets Authority has announced plans for a new legal framework governing the cryptocurrency sector.