Dec. 30 marked the end of the implementation phase of the Markets in Crypto-Assets framework, as authorities can enforce rules on certain crypto service providers operating in the EU.
MoonPay, a crypto payment solutions provider, has officially received approval to operate under the European Union’s Markets in Crypto-Assets (MiCA) regulation, according to a Dec. 30 statement shared with CryptoSlate. The firm secured its license from the Netherlands’ Authority for the Financial Markets (AFM), and this milestone grants MoonPay the ability to offer services seamlessly […]
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While MiCA’s implementation phase is ending on Dec. 30, 2024, there is also a transitional 18-month phase in MiCA’s total 36-month timeline.
Countries like the Netherlands are preparing for MiCA implementation.
European Union Member of Parliament Sarah Knafo has urged the bloc to prioritize a Strategic Bitcoin Reserve instead of moving forward with the European Central Bank’s (ECB) digital euro project. In a Dec. 17 video shared on X, Knafo criticized the ECB’s plan for a centralized digital currency, arguing it risks financial freedom and overreach. […]
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EU member states that have yet to adapt local law to implement MiCA by year's end include Belgium, Italy, Poland, Portugal, Luxembourg and Romania, according to a document shared with CoinDesk.
Some Coinbase users are airing frustration at the region’s MiCA laws, which is forcing the exchange to stop offering yield on USDC in the European Economic Area.
The European Parliament approved its new slate of commissioners on Wednesday.Commissioners Stéphane Séjourné, Maria Luís Albuquerque and Henna Virkkunen are likely to have crypto within their purview. The EU's markets in crypto assets legislation is going to be in full force by the end of December so more work might need to be done to ensure implementation, crypto advocates told CoinDesk.
Paxos agreed to buy electronic money institution Membrane Finance, which is licensed in Finland.
Norges Bank backs the EU’s MiCA regulation while considering a CBDC to enhance cross-border payments and support financial stability in Norway.
Coinbase and Visa have partnered to offer customers with eligible Visa debit cards the ability to instantly deposit, withdraw, and buy crypto.
Digitalization is the way forward, and the European Central Bank has found the key: a digital Euro. In development since 2021, the planned digital Euro will help fast-track the region’s shift towards safer and more convenient online payments. Like cash, the ECB envisions its digital currency as widely accessible, risk-free, and free to use. However, […]
Aligning themselves with the tax reporting rule on digital currency enacted by the European Union (EU), the Netherlands revealed its intention to apply tax monitoring rules on crypto. The Dutch government, an EU member, is obliged to accept and apply the new reporting requirement, a structure meant to assist EU member states in controlling digital currencies. […]
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The Dutch government wants to align its data collection rules for crypto service providers with the rest of the EU, saying it would “create more transparency.”
Italian Deputy Economy Minister Maurizio Leo announced today that Italy is considering raising the capital gains tax on Bitcoin (BTC) and other crypto assets from 26% to 42%. Italy Weighs Higher Bitcoin Capital Gains Tax At a news conference on October 16, 2024, Leo stated that the Giorgia Meloni administration is contemplating a significant increase in […]
Italy's Deputy Finance Minister Maurizio Leo has said the nation will raise taxes on capital gains on cryptocurrencies such as Bitcoin to 42% from 26%, according to Reuters and Bloomberg.
The ETP issuer is asking for more clarity and consistency from what it claims is the European Union’s “patchwork” of crypto regulations.
Crypto exchange Kraken has announced the delisting of Monero in the European Economic Area to maintain compliance with EU regulations.
The Chiliz blockchain is aiming to become "the sports blockchain," its CEO Alexandre Dreyfus told CoinDesk in an interview, while also calling out the disproportionate historical hype around NFTs in comparison to fan tokens.
Robinhood customers in the European Union can now transfer more than 20 cryptocurrencies, including include bitcoin, ether, solana and USD coin, in and out of the trading app.
The registration paves the way for the Switzerland and Singapore-based banking group to expand into the European Union and European Economic Area.
Bitstamp entered a partnership to support Stripe’s crypto on-ramp solution in Europe a few months after Robinhood announced Bitstamp’s acquisition for $200 million.
The Bank of Israel won't decide whether to launch a central bank digital currency before the European Union does, Deputy Governor Andrew Abir told Reuters.
The company has also received approval in Dubai, U.K., the Netherlands and Spain.
With MiCA stablecoin rules taking effect in June, CoinDesk reached out to regulators in all 27 EU member states to show where countries are at with implementation.
Crypto Asset Service Providers (CASP) in Europe would have to implement stringent Know Your Customer (KYC) procedures to combat money laundering following the European Parliament greenlight of new Anti-Money Laundering Regulations (AMLR), according to an April 24 statement. According to the statement: “The new laws include enhanced due diligence measures and checks on customers’ identity, […]
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Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out.
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.
The European Parliament has a approved a proposed ban on anonymous crypto transactions executed through self-hosted wallets.