Category: EU

ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’

ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and of growth rather than the protection of savers?” Regarding former […]

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Why Central Banks Are Not Designed for Democracies

Why Central Banks Are Not Exactly Part of DemocraciesThrough their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks are almost never part of the due democratic process. Also […]

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‘No-Deal Brexit Huge Positive for UK Cryptocurrency’ – How Brexit Could Affect the Industry

'No-Deal Brexit Huge Positive for UK Cryptocurrency' - How Brexit Could Affect the IndustryBritish lawmakers have voted to postpone a crucial Brexit vote and forced Prime Minister Boris Johnson to ask the EU for an extension. News.Bitcoin.com talked to the CEO of a local crypto exchange to find out the effects a no-deal Brexit could have on the crypto industry. Also read: SEC Wants Second Look at Bitwise […]

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Turkey Throws Another Wrench Into the USD’s Works and Joins Russian Swift

Turkey Throws Another Wrench Into the Works of the Dollar, Joins Russian SwiftThe dominance of the U.S. dollar as the global reserve currency is being robustly challenged on all fronts. Other geopolitical powers and smaller but important players are unwilling to accept the political influence Washington exerts through its fiat money. And in times of trade wars, sanctions, and even tensions between allies, the push to dethrone […]

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Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies

Here’s How Belarus Pressures Russia to Legalize CryptocurrenciesRelations between Belarus and Russia have always been quite complicated. The union the two close allies created has faced all kinds of challenges over its 20 plus years of existence. Now cryptocurrency is becoming a new apple of discord, as Minsk has taken a relatively friendly approach to regulating decentralized assets, while some in Moscow […]

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How Cryptocurrencies Can Mitigate Some of Brexit’s Negative Effects

How Cryptocurrencies Can Mitigate Some Negative Effects of BrexitBrexit, the European divorce saga that has been going on for years, has created a lot of headaches for politicians and ordinary people on both sides of the Channel. The process of Britain leaving the European Union is now heading towards another one of its deadlines while London and Brussels are trying to separate with […]

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Dutch Central Bank Prepares to Start Regulating Crypto Sector

Dutch Central Bank Prepares to Start Regulating Crypto SectorThe central bank of the Netherlands is preparing to supervise the country’s crypto sector. The bank has requested crypto exchanges and wallet providers to come forward and submit some information. Once the law takes effect, these operators will be required to register with the central bank to continue operations. Also read: Crypto Can Boost Indian […]

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EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

EU Members Adopt Tougher Crypto Rules Than AML Directive RequiresEurope is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive (AMLD5) […]

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Three Bank Failures Open New Chapter in Never-Ending Financial Crisis

Three Bank Failures Open New Chapter in Never-Ending Financial CrisisThe collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be […]

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BCH Can Be the Global Coin for Daily Spending, Says Italian Crypto Executive

BCH Can Be the Global Coin for Daily Spending, Says Italian Crypto ExecutiveItaly has had its share of economic problems in the past decade and a growing number of its citizens blame the euro for their country’s misfortunes. Italians, many of whom still prefer to use cash, are now turning their attention to cryptocurrencies such as BCH. Federico Pecoraro, the CEO of Chainblock, one of the first […]

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Finland Begins Regulating Cryptocurrency Service Providers

Finland Begins Regulating Cryptocurrency Service ProvidersFinland’s president has approved a law to regulate cryptocurrency service providers including exchanges, custodian wallet providers, and issuers of cryptocurrencies. The law will enter into force next week. Crypto service providers will need to register with the country’s Financial Supervisory Authority and meet statutory requirements. Also read: Indian Supreme Court Postpones Crypto Case at Government’s […]

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France Adopts New Cryptocurrency Regulation

France Adopts New Cryptocurrency RegulationThe French government has adopted a financial sector bill that establishes a legal framework for cryptocurrency service providers and initial coin offerings. The bill includes both optional and mandatory licensing, and also specifies the types of funds that can invest in crypto assets. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Pacte […]

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How the EU and 5 European Nations Regulate Cryptocurrency

How the EU and 5 European Nations Regulate CryptocurrencyLeading up to the G20 summit in June, the Financial Stability Board has detailed how the European Union and its member countries are regulating crypto assets, who the regulators are in each country and the scope of their oversight. In most cases, crypto assets are overseen by several regulators. Also read: Indian Supreme Court Postpones […]

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What Article 13 Means for the Cryptocurrency Industry

What Article 13 Means for the Cryptocurrency IndustryFirst they came for our privacy. Then our data. Finally they took our memes. If the more hyperbolic headlines are to be believed, the EU’s ratification of the controversial Article 13 copyright law will have repercussions for purveyors of highly shareable online content. The reality is less draconian. Nevertheless, Article 13, coupled with last year’s […]

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Localbitcoins to Introduce New User Verification Rules

Peer-to-peer crypto exchange Localbitcoins is preparing to implement updated requirements for the identity verification of its users. The company recently revealed it’s cooperating with regulatory agencies in Finland on the implementation of the latest EU anti-money laundering rules. Also read: 3 Technical Proposals for Increasing Bitcoin’s Privacy P2P Exchange Localbitcoins Advising Finnish Regulators In a […]

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Cryptocurrency Independence Under Threat As Regulation Encroaches

Cryptocurrency Independence Under Threat As Regulation SpreadsFor governments, cryptocurrency is becoming too mainstream to ignore and too chaotic to neglect. Across the world, government agencies are targeting crypto investors not only with taxes but mandatory registration and full disclosure rules. This new wave of regulation poses a contradiction in that some of cryptocurrency’s strongest traits have always been privacy and autonomy. […]

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European P2P Trade Posts Strongest Activity Since March 2018

In recent peer-to-peer (P2P) market action, Latin American Localbitcoins trade has continued to show strength after producing record volume last month. In other news, P2P trade between the euro (EUR) and BTC has posted its strongest volume in 10 months. Also Read: Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay European and South American Localbitcoins Markets […]

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No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says

Last year’s falling prices are not a good enough reason to “bury” cryptocurrencies, Russian Prime Minister Dmitry Medvedev said during a high-level economic conference. He believes Russia should carefully follow the developments around digital coins.   Also read: Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again Russia Should Watch Carefully Medvedev thinks the […]

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Bulgarian Tax Authority to Inspect Crypto Exchanges and Traders

Bulgarian Tax Authority to Check Crypto Exchanges and TradersThe National Revenue Agency of Bulgaria is preparing to conduct inspections on cryptocurrency trading platforms and their customers. The authority wants to make sure that both are fulfilling their obligations under the country’s tax and social security laws. Also read: Denmark’s Tax Agency to Collect Information About Bitcoin Traders Nine Crypto Companies Subjected to ‘Control […]

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Banking Agency Advises European Commission to Assess Common Crypto Approach

Banking Agency Advises European Commission to Asses Common EU Crypto ApproachThe European Banking Authority (EBA), a regulatory agency of the European Union, has published its assessment into the application of EU law to crypto assets. The agency, which is headquartered in London, recommends that the European Commission tables a response to the risks regulators associate with the field such as money laundering. Also Read: FBI […]

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PR: XRP Is Now Available on EO.Finance

XRP Is Now Available on EO.FinanceWe are pleased to announce that Ripple XRP has been added to EO.Finance! For those unaware, XRP is currently the second largest cryptocurrency in terms of market capitalization. Ripple is the name for both a digital currency (XRP) and an open payment network within which that currency is transferred.

With the recent addition of card payments to EO.Finance it is now possible to buy XRP with your credit and debit cards. You can also exchange a number of cryptos to XRP and back, deposits and withdrawals have also been introduced.

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Switzerland to Relax Laws to Accommodate Blockchain and Cryptocurrency Startups

The Swiss government has announced a new legislative approach to blockchain regulation in an official report. The document recognizes the technology as one of the most important recent developments for the financial sector in stimulating the country’s economy. Also read: How Bitcoin Companies can Legally Operate in Switzerland A Swiss Innovation Paradise According to the […]

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PR: Midex Launches EU Regulated Crypto to Fiat Exchange

Midex Launches EU Regulated Crypto to Fiat ExchangeMidex, an international company with HQs in Estonia and representatives in Asia, has announced the launch of the first EU regulated crypto-to-fiat exchange. With the trading performance of millions of operations per second, a wide range of deposit and withdrawal methods (wire transfers, payment cards, instant payments), support of the top trading pairs, and a robust security system, the platform is here to meet the needs of crypto beginners and professional traders.

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