The ECB released another working paper on the digital euro, providing an extensive technical analysis of a potential European CBDC and its position in the existing financial system. Issued on May 13, the working paper …
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Category: Europe
Bitcoin’s got 3 strikes, but investors remain calm despite price drop
After Bitcoin (BTC) faced its third consecutive rejection, investors became more confident in adding altcoin positions. For the leading cryptocurrency, the path to $50,000 appears more challenging than previously expected. According to Euronews Next, on …
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Sanctions on Russia and Belarus will include crypto — European Commission
As a result of the conflict in Ukraine, the European Commission clarified that cryptocurrency assets would be subject to additional sanctions against Russia and Belarus. In a Wednesday statement, the European Commission said member states …
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The European Parliament will vote on the crypto bill in its entirety without PoW provisions
Following concerns about proof-of-work miners, the European Union’s parliament has planned a vote for a framework to regulate cryptocurrencies. Stefan Berger of European Parliament Committee on Economics and Monetary Affairs stated Monday on Twitter that …
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FTX expands to Europe with CySEC approval
The worldwide crypto derivatives and spot buying and selling change FTX is increasing to Europe after receiving approval from the Cyprus Securities and Alternate Fee (CySEC). The brand new enterprise known as FTX Europe would …
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EU is ‘taking measures’ against Russia using crypto to bypass sanctions, say finance ministers
Economy and finance ministers representing nations in the European Union have said they will address Russia’s potential use of cryptocurrencies to evade sanctions imposed on it following its operations in Ukraine. Speaking to reporters through …
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EU Commission will remove Russian banks SWIFT Cross-Border Network
The European Commission announced to remove a number of Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system, aimed at hindering Russia’s capacity to carry out cross-border payments. The European Commission …
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European Parliament puts off crypto bill vote, preferring proof-ofwork
Because of concerns about proof-of work mining, the European Union’s parliament is delaying voting on a regulatory framework for cryptocurrency. Stefan Berger, a member of the European Parliament’s economics committee, stated in a Twitter post …
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According to reports, EU member states plan to establish an AML Watchdog that will oversee crypto companies by 2024
In coordination with other authorities the European Commission reportedly intends to allow its financial watchdog group to potentially monitor illicit transactions at cryptocurrency firms. According to a Tuesday Bloomberg report, a group of European Union …
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Decentralization: How can it be controlled in Europe?
Decentralized finance, also known as DeFi, is a form of new blockchain technology. DeFi-related projects accounted for $237 billion as of January 20, 2022. These projects are being monitored by regulators. This article will discuss …
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