Browsing:EU

The European Securities and Markets Authority (ESMA) has finalized its first set of rules for suppliers of services related to crypto assets
1 month ago 1 min read

EU sets new crypto rules to boost transparency and safety for investors

The European Securities and Markets Authority (ESMA) has finalized its first set of rules for suppliers of services related to crypto assets in accordance with the Market in Crypto Assets (MiCA) legislation. The objective of the EU’s action is to enhance transparency, guarantee the security of investors, and provide clear guidelines for laws across the EU. The study provides a comprehensive overview of the prerequisites that crypto firms must meet while operating in the European Union under the Markets in Crypto-Assets Regulation (MiCA). This includes information on obtaining regulatory clearance, the range of services that may be supplied, and the

The European Union has announced a provisional agreement to strengthen anti-money laundering (AML) regulations
4 months ago 1 min read

EU Toughens Anti-Money Laundering Rules for Crypto, Introduces KYC for Transactions Over €1,000

The European Union has announced a provisional agreement to strengthen anti-money laundering (AML) regulations, with a particular emphasis on the crypto sector. The proposed restrictions, which were announced in a recent press release, include stringent measures such as know-your-customer (KYC) checks on transactions exceeding €1,000, even if they involve self-hosted wallets. Key regulatory changes suggest that crypto-asset service providers (CASPs) must conduct due diligence on customers involved in transactions worth €1,000 or more. Further, the rules are specifically aimed at self-hosted crypto wallets to mitigate perceived risks associated with transactions through them. Also, the new regulations are part of a

EU Imposes 12th Round of Sanctions on Russia, Targets Crypto Assets in Push for Peace
5 months ago 1 min read

EU Imposes 12th Round of Sanctions on Russia, Targets Crypto Assets in Push for Peace

The European Union (EU) has stepped up its efforts by announcing the 12th round of sanctions against Russia, focusing on the crypto-asset sector. This move is part of an ongoing strategy to limit Russia’s financial capabilities and bring the Ukrainian conflict to a close. The most recent sanctions are broad and aim to prevent Russian nationals and residents from using cryptocurrency services. A broad ban on Russian involvement in crypto-related activities, including ownership, control, or participation in crypto service providers’ governance is among the measures. Furthermore, the sanctions prohibit the provision of crypto-related wallets, accounts, and custody services to individuals

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