The rules, which take effect at the end of the year, have yet to spur increased euro-based transactions in crypto markets.
EU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It’s Not
Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out.
EU Markets Watchdog Steps Closer to Finalizing Rules Under MiCA
The European Securities and Markets Authority on Monday published a final report on measures along with its third consultation package for further rules and guidance.
EU Lawmakers Vote for Three Major Texts in Anti-Money Laundering Package That Also Targets Crypto
The broad package sets up an anti-money laundering authority, a single rulebook for all 27 member states, and tough rules for crypto service providers.
EU Regulators Publish Batch of Draft Rules for Stablecoins Under MiCA
The draft Regulatory Technical Standards (RTS) lay out requirements for issuers when dealing with complaints about stablecoins referencing multiple currencies.
Sweden’s Central Bank Chief Wants ‘as Little Bitcoin as Possible’ in Country’s Financial System: Bloomberg
Sweden’s central bank governor said he wants “as little bitcoin as possible in the Swedish financial system.”
EU Parliament Approves New Sanctions Laws That Also Apply to Crypto
The laws are to ensure sanctions rules are applied uniformly across the EU’s 27 member states.
Frankfurt to Host New EU Money Laundering Watchdog Tasked With Monitoring Crypto
The Anti-Money Laundering Authority is part of a broader effort by the European Union to combat illicit fund flows, and is ready to begin work as early as Friday, officials said Thursday.
Upcoming High-Level EU Financial Policy Talks Could Steer Crypto Oversight: Source
An informal document shared among EU officials shows digital finance, and thereby crypto, topping a list of priorities to be discussed.
The Big Misunderstanding: What MiCA Really Means for Stablecoins in Europe
The EU’s comprehensive crypto guidance does not introduce entirely new regulations for fiat backed stablecoins, former central banker Jón Egilsson writes. Instead it affirms existing rules that many current issuers are not yet following.
Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules
Customer due diligence requirements for crypto firms may be more stringent than for banks, policy watchers told CoinDesk.
EU Provisionally Agrees Tough Crypto Due Diligence Measures to Combat Money Laundering
Crypto firms have to do checks on transactions of 1000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets.
EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms
The European Banking Authority issued new guidance for crypto firms that will come into effect on Dec. 30, 2024.
EU Industry Input ‘Really Important’ to Stablecoin Rulemaking Under MiCA, EBA Officials Say
During a Thursday hearing on proposed guidelines for stablecoin issuers, European Banking Authority officials urged stakeholders to engage with regulators to “start on the right footing.”
European Central Bank Shows It’s Serious About Enabling Digital Euro Offline Use
The central bank plans to allocate the lion’s share of its $1.3 billion contract budget for providers to work on enabling offline payments for a digital euro.
EU Banking Watchdog to Deepen Probe of Links Between Banks, Crypto Entities: FT
The European Banking Authority (EBA) will take additional steps to anticipate how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect banks.
Belgium to Push European Blockchain Network During EU Council Presidency, Digital Minister Says
EU-wide blockchain services could support the bloc’s pursuit of digital sovereignty, Mathieu Michel tells CoinDesk.
Robinhood Broadens Crypto Service to Europe, Notes Region’s Digital Asset Regulation
The company said it chose Europe to anchor its crypto expansion outside the U.S. because of the region’s comprehensive rules.
Crypto Firms That Act Like Banks Should Be Regulated Like Them, ECB Official Says
But supervision of bank-like crypto firms could be a pain for regulators, said Andrea Enria, chair of the supervisory board at the European Central Bank.
Fiery Public Hearing on Digital Euro Sees Experts Diverge on Key Issues
Expert witnesses answered lawmaker questions on holding limits, impact on banking systems and privacy for an EU central bank digital currency.