Europe | ForkLog

ForkLog 15 24.03.2024

European Parliament Committees Endorse Ban on Anonymous Crypto Transactions

The European Parliament’s EP Committee on Economic and Monetary Affairs and the Committee on Civil Liberties, Justice and Home Affairs have approved the Anti-Money Laundering Regulation, which also addresses cryptocurrency payments. The previous version set a €1000 limit for non-custodial wallet owners, below which they could send transactions to crypto asset service providers (CASP). In […]

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ForkLog 26 21.03.2024

Bitcoin Market Regulation in Ukraine Included in €50 Billion Reform Plan

The Ukrainian government approved a reform plan under the Ukraine Facility program, which aims to secure €50 billion from the EU between 2024 and 2027. The document includes provisions concerning the cryptocurrency market. In the context of combating corruption and money laundering, Ukraine commits to aligning its local legislation with European standards and FATF norms […]

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ForkLog 21 18.03.2024

OKX to Remove USDT Trading Pairs in Europe, Reports Suggest

The cryptocurrency exchange OKX is set to delist trading pairs with the Tether stablecoin USDT for clients in the EEA. This was reported by The Block. The publication cites an email received by a European trader, attributing the decision to the upcoming implementation of the European Union’s cryptocurrency regulation bill (Markets in Crypto Assets, MiCA). […]

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ForkLog 10 14.03.2024

EU Adopts Landmark AI Regulation

The European Union Parliament approved the world’s first comprehensive set of rules governing AI activities. A preliminary political consensus was reached in early December. On March 13, the law was ratified in a parliamentary session. The votes were as follows: In favor — 523; Against — 46; Abstentions — 49. ?? Democracy: 1️⃣ | Lobby: […]

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ForkLog 10 13.03.2024

EU Approves Criminal Penalties for Circumventing Sanctions with Cryptocurrencies

On March 12, Members of the European Parliament approved a directive criminalizing violations and circumvention of EU sanctions. The directive includes standardized and stricter penalties for: refusing to freeze accounts and wallets, as well as conducting transactions with fiat or cryptocurrency assets of sanctioned individuals and companies; concealing the true owner of property and failing […]

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ForkLog 10 05.03.2024

Deutsche Börse Launches Crypto Exchange Targeting Institutional Investors

The stock exchange operator Deutsche Börse has launched a regulated platform focused on institutional investors for spot trading, settlement, and custody of cryptocurrency assets, named Deutsche Börse Digital Exchange (DBDX). Settlement and custody services will be provided by its subsidiary Crypto Finance (Deutschland), which holds licenses from BaFin. “We will ensure transparent and secure market […]

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ForkLog 10 23.02.2024

EU Sets Timeline for Launch of Anti-Money Laundering Agency

By mid-2025, the European Union will establish a new regulatory body to combat money laundering — AMLA. ?Frankfurt ?? has been selected as host city for the EU anti-money laundering authority. The Council and @Europarl_EN voted together to choose which of the nine candidates would become the headquarters. Find out more about the new agency’s […]

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ForkLog 10 07.02.2024

EU Proposes Ban on AI-Generated Child Abuse Content

The European Commission is considering the introduction of criminal liability for AI-generated images and deepfakes depicting child sexual abuse (CSA). Child sexual abuse is a heinous crime which has evolved significantly over the past years. Today, we are adopting a proposal to update the criminal law rules on child sexual abuse and sexual exploitation. Learn […]

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ForkLog 71 05.02.2024

What is Markets in Crypto-Assets (MiCA)?

What is MiCA? Markets in Crypto-Assets (MiCA) is a bill to regulate cryptocurrencies in the European Union. It sets rules that apply to issuers of unbacked digital assets and stablecoins, as well as trading and custody platforms. The document aims to protect investors and consumers across the EU’s 27 countries, and to foster transparency and […]

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ForkLog 31 19.01.2024

EU to Mandate Crypto Firms to Verify Clients for Transactions Over €1000

The EU Council and Parliament have provisionally agreed on a package of measures to combat money laundering and terrorist financing (AML/FT), which will tighten existing regulations for the crypto industry. The agreement expands the list of entities subject to these regulations. “The new rules will cover most of the crypto sector, requiring all service providers […]

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ForkLog 8 29.12.2023

Crypto taxes included in Ukraine’s National Revenue Strategy

The Ukrainian government has approved the National Revenue Strategy for 2024-2030. Among other provisions, it envisages regulating the circulation of virtual assets.

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ForkLog 13 21.12.2023

Belgium aims to promote blockchain during its EU presidency

The Belgian authorities, set to assume the rotating presidency of the EU Council from January 1, announced plans to develop a transnational blockchain infrastructure.

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