On July 4, members of the European Parliament proposed new amendments to the EU's anti-money laundering legislation which would bring NFT exchanges within the bloc's new AML/CFT framework.
The establishment of a comprehensive AML/CFT authority in the EU has been telegraphed by European political leaders for some time and was formally proposed by the European Commission in July 2021.
While commending efforts made to regulate digital currencies in the EU's MiCA bill, the head of the European Central Bank argued that a follow-up framework focusing on the two aspects of the market is already needed.
Mairead McGuinness says that the Ukraine-Russia conflict, Terra’s $58b collapse, and Celsius withdrawal halt all point to the need for the quick passage of MiCA.
The proposals in the law include a tightening of the guidelines for user identification and a ban on anonymous accounts, and also places new obligations on digital currency exchanges.
In a 204-page report, Pierre attempted to take an inventory of French and European digital currency regulations, saying that the EU's digital assets policy direction remains uncertain.
Officials of the EU are kicking against the proposal to ban digital currency services. According to reports, some officials state that there are serious doubts about maintaining a blacklist.
The European Central Bank has published a report presenting the privacy options it is considering in the development of a digital euro under the Eurosystems CBDC program.
In an opinion piece published in the Hill, Mairead McGuiness shared that digital assets offer many opportunities for innovation but still pose significant risks, especially if not regulated properly.
In this episode of CoinGeek Livestream, TAAL CEO Richard Baker discussed the company's roadmap and how to mold the business into a blockchain infrastructure corporation.
Fabio Panetta called the industry the Wild West, dubbed the dominant narrative in the industry "illusory," and even stated that the current bubble rises "like any Ponzi scheme."
Two EU Parliamentary Committees have approved draft legislation to allow greater traceability and monitoring of blockchain wallet transactions that some say contain "red flags" for privacy.
