EU lawmakers vote for landmark Artificial Intelligence regulation
The European Union Parliament has voted in favour of an AI Act. If ratified, the law will require AI systems like ChatGPT to first undergo review before release to the public. The regulation also seeks a ban on real-time biometric recognition. The European Parliament has yet again made a landmark move with regard to regulation […]
Ripple welcomes MiCA regulation as US lawsuit highlights lack of clarity
Ripple’s operations gear up in Europe and Asian markets despite an ongoing lawsuit instituted by the U.S. Securities and Exchange Commission. This post was originally published on this site
French lawmakers agree to loosen rules in proposed crypto influencer bill
Previously, the bill restricted influencer marketing to only licensed crypto firms, of which there are currently none in France.This post was originally published on this site
EU Council Adopts New Rules for Europe’s Crypto Markets
The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin. EU Finance Ministers Give Final Nod to Markets […]
EU finance ministers approve MiCA crypto regulation: should you buy AltSignals now?
Key takeaways The EU finance ministers have unanimously approved the MiCA cryptocurrency regulation. The regulation could boost crypto adoption and usage in Europe. AltSignals could be a big winner as more retail and institutional traders could enter the crypto market. The cryptocurrency market has evolved over the last decade, and many feel that there is […]
‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop, according to Philip Lane who believes the bank has to bring inflation back to the 2% […]
Binance Reportedly Removes Restrictions on Russian Users
The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa […]
Ukraine to Adopt Europe’s Crypto Rules, Clarifies Taxation
Officials have revealed that Ukraine intends to implement the crypto market rules approved by the European Parliament. While the government is already moving in that direction, the tax service has issued a clarification regarding the taxation of income resulting from cryptocurrency transactions. Ukraine Set to Incorporate EU Crypto Regulations Into National Law A regional leader […]
EU Parliament Greenlights Markets in Crypto Assets Law, Tracing Rules
Members of the European Parliament gave their final approval to a package of EU-wide regulations for crypto assets. The legislators also backed the introduction of mechanisms allowing the tracing of cryptocurrency transactions which will also apply to private crypto wallets above a certain threshold. European Lawmakers Endorse Groundbreaking Crypto Assets Legislation Europe’s new common rules […]
EU Lawmakers Vote to Impose €1,000 Limit on Unidentified Crypto Transactions
EU lawmakers have voted in favor of imposing a €1,000 limit on crypto transactions where the customer cannot be identified. “Entities, such as banks, assets and crypto assets managers, real and virtual estate agents, and high-level professional football clubs, will be required to verify their customers’ identity, what they own and who controls the company,” […]