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European Union News

EU cryptocurrency regulations have yet to be unified, but individual institutions like the European Central Bank and the central banks of separate governments have made different statements about the legal status of cryptocurrencies. The European Central Bank’s official position on cryptocurrency is a recommendation not to use them until the establishment of specific cryptocurrency laws for the EU. Cryptocurrencies are a subject of the EU’s anti-money laundering laws, so the EU cryptocurrency exchanges are obliged to identify users and track suspicious transactions. Certain countries in the European Union have their own cryptocurrency regulations. For example, Germany defines a cryptocurrency as a private currency/non-governmental currency. Also, the EU does not provide strict regulations on ICOs and different states have their own ways of handling them.

News
The EU’s financial regulator released a lengthy 2020 report, which includes the dangers of big tech companies entering finance.
EU Securities Regulator Flags Risks of Big Tech's Entry Into Financial Services
Benjamin Pirus
2020-02-19T21:51:00+00:00
2906
Analysis
The oil industry is facing some big challenges, and experts think blockchain could be the solution.
Blockchain Use Gains Momentum in Oil Industry for Being Safer, Cheaper and Cleaner
Joseph Birch
2020-02-14T03:00:00+00:00
4259
News
The United Kingdom’s financial regulator, the Financial Conduct Authority, is looking to hire a specialist with a cryptocurrency background.
UK Financial Watchdog Seeks Cryptocurrency Expert to Address EU Regulations
Helen Partz
2020-02-06T12:48:00+00:00
3906
News
Six major central banks will reportedly meet in April to discuss central bank digital currency development.
Major Central Banks to Discuss Digital Currencies Amid IMF Conference
Adrian Zmudzinski
2020-02-06T09:22:00+00:00
4723
News
On the eve of the U.K.’s exit from the EU, French crypto hardware wallet firm Ledger has attempted to co-opt the notorious pro-Brexit “Take Back Control” mantra...
Ledger Wallet Co-Opts Controversial Pro-Brexit Slogan for Cryptocurrencies
Marie Huillet
2020-01-31T09:44:00+00:00
2605
News
Finnish P2P exchange LocalBitcoins is allegedly quietly suspending user accounts, citing an “enhanced due diligence process.”
LocalBitcoins Quietly Suspends Accounts in Multiple Regions Without Notice
Helen Partz
2020-01-28T19:00:00+00:00
8328
Analysis
The U.K.’s tax agency is stepping up its blockchain analytics operations. If other countries follow, will it spell the end for anonymity in crypto?
Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion
Joseph Birch
2020-01-25T21:27:00+00:00
5865
News
Deribit, a crypto futures and options exchange moving from the Netherlands to Panama to avoid new E.U. regulations, has clarified its new AML policy.
Deribit Releases Specifics of New KYC Policy Following Move to Panama
Helen Partz
2020-01-21T19:44:00+00:00
3588

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