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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President of the ECB calls for regulation of cryptography in response to Russia’s potential evasion sanctions

Christine Lagarde is the president of European Central Bank (ECB) and has called for lawmakers to approve a regulation framework for crypto. She suggested that this could help Russia avoid economic sanctions. Speaking to reporters …

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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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