European Financial Watchdogs Ask For Cryptocurrency And ICO Regulations

The EBA looks to even the playing field across the EU, while the ESMA worries about mass crypto adoption. The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have both published reports today, January 9, calling for a European Union-wide approach to cryptocurrency and ICO regulation to help ensure investor protection….

Read more »

DESICO Launches Its Public Offering in Compliance With EU Regulation

DESICO, a startup that is developing a security token infrastructure, started public offering on November 7, 2018, during which investors will be able to purchase DESI tokens which entitle token holders to platform’s revenue. The company relies on the fundraising model given that DESI Tokens represent safer and more valuable instruments compared to ICO-based utility…

Read more »

Exchanges Roundup: SBI to Develop Wallet, Huobi Targets New Markets

In recent news pertaining to cryptocurrency exchanges, SBI Group has unveiled a partnership with Sepior that will see the companies jointly develop a proprietary wallet, Huobi has announced it is establishing an operational base in Dubai to target the African, Middle Eastern, and South Asian cryptocurrency markets, and Trijo, a Swedish crypto exchange, has received…

Read more »

Blockchain Companies Get GDPR Advice from EU Consulting Body

In addition to offering blockchain ventures advice on data protection compliance, the EU Blockchain Observatory and Forum has appealed again to EU authorities to resolve the existing tension between privacy protection laws and DLT. The European Union Blockchain Observatory and Forum, a consultancy body under the umbrella of the European Commission, has published guidance on…

Read more »

EU Securities Watchdog to Come up with ICO Regulations by End of 2018

ESAM Chairman, Steven Maijoor said they were examining how ICOs will fit into the existing regulations. They also analyzed how they will affect the fundraising sector in general. Regulators are assessing which ICOs come under existing securities rule one at a time. This decision by EU regulators comes less than a week after ESMA set…

Read more »

EU Financial Watchdog to Address Past ICOs Case by Case

The European Securities and Markets Authority (ESMA), the European Union’s financial watchdog, has announced it is taking the same approach to initial coin offerings (ICOs) as its U.S. counterpart. The agency is examining all types of cryptocurrency fundraisers to determine how they fit EU’s regulatory framework. ESMA to Assess What to Do with ICOs Outside…

Read more »

EU Officials Set for Fresh Talks on Regulating Cryptocurrencies

The European Union (EU) is reportedly gearing up for a fresh round of talks concerning cryptocurrency regulation. This move comes after the EU parliament in July advised the EU not to ban cryptocurrencies. Stricter Cryptocurrency Regulatory Measures According to Bloomberg, finance ministers from EU member nations plan to meet in September to discuss the region’s…

Read more »

Binance, Crypto Investors to Launch a Bank in Malta

Crypto exchange Binance is working on a project to launch a decentralized bank bridging the crypto industry with conventional banking. The financial institution will be based in Malta and fundraising will be conducted under German law. Authorities in Valletta have welcomed the initiative that is expected to win support from other crypto investors as well….

Read more »

Harmless for now, Dangerous in the Future: Here’s What EU Researchers Think of Cryptocurrencies

On July 9, a "Monetary Dialogue" session was held by the Committee on Economic and Monetary Affairs Committee (ECON) of the European Parliament. It’s a quarterly conference that is directly interlinked with the European Central Bank (ECB): Every three months, the president of the ECB (or, occasionally, another representative) appears before the Committee to report…

Read more »

European Banking Authority Analyzes DLT Prudential Impact on Banks

EBA analyzed distributed ledger technology and its smart contract as part of report about Fintech effects on current business models. The European Banking Authority (EBA), one of the main regulatory agencies of the European Union, warned banks about prudential risks of distributed ledger technology (DLT) on trade finance and due diligence processes in a report…

Read more »

Euro Parliament: Cryptocurrencies Not a Threat to Central Banks

Virtual money is not going to undermine the financial power of central banks any time soon, according to a European Parliament report published last week. Cryptocurrencies will not replace the money printed and controlled by central banks, especially in major currency areas, or challenge the dominant position of official legal tender, according to the findings…

Read more »

EU Parliament: Naysayers Like Economist Robert Shiller ‘Mistaken’ About Crypto

The European Parliament has told lawmakers not to “ban” or “ignore” cryptocurrencies in a new report released this week, forecasting they “will remains with us for a while.” The report, ‘Virtual currencies and central banks monetary policy: challenges ahead’ commissioned by the Economic and Monetary Affairs Committee, contains a wealth of supportive statements on virtual…

Read more »

What World Leaders Think About Crypto, and How They Want Decentralization to Bolster Centralised Power

Given the apparent sensitivity of cryptocurrency markets to regulatory and political developments, it stands to reason that the world's leaders —  and what they think about crypto — will be vitally important in determining the direction the cryptocurrency market will travel in the future. Many leaders have been willing to sit back over the past…

Read more »

Blockathon Challenge Kicks Off in Brussels to Build Anti-Counterfeit Blockchain Solution for the EU

On Friday, 11 teams joined the 2018 EU Blockathon Challenge in Brussels for 48 hours of coding and co-creation. The hackathon, an initiative by the European Commission (EC) and the European Union Intellectual Property Office (EUIPO), seeks to build the next level anti-counterfeiting infrastructure for the European Union (EU) powered by blockchain technology. The 11…

Read more »

Crypto Exchanges, Payment and Wallet Firms Join EU Police to Fight Privacy

About sixteen major cryptocurrency exchanges, payment processors and digital wallet providers have joined the EU’s law enforcement agency for an event about preventing money laundering. The three-day conference on digital currencies and cyber crime began on Tuesday in the Hague. Also Read: The Daily: Akon Launches Akoin, ICO Mogul Buys $19M Land with Bitcoin “Tracing and…

Read more »

Oxford Profs Plan Launch of World's First Blockchain-Based, Decentralized University

A group of Oxford professors are seeking full-degree granting powers in the EU for the world’s first “blockchain university”, according to an email shared with Cointelegraph today, June 14. According to the team of academics behind Woolf Development, led by Joshua Broggi from the Faculty of Philosophy at Oxford, blockchain tech and smart contracts can…

Read more »

EU Blockchain Observatory Forum to Discuss Regulations ⋆ ZyCrypto

EU chapter of Blockchain Observatory and Forum is all set to host a comprehensive discussion on future of blockchain technology and regulatory ecosystems, on June 18, 2018. The event will be a ‘Ask me anything’ (AMA) session, also called Q &A session and is part of the EU Block chain’s focused program on new technologies…

Read more »

Estcoin Update: Estonia Bows to Pressure from EU, Banks, Scales Down National Cryptocurrency Project

Estonia will significantly scale down its national cryptocurrency plans after sustained criticism from both the European Central Bank (ECB) and local banking authorities in the country. Consequently, the proposed digital asset called Estcoin will be employed in Estonia’s e-residency program. Estcoin Will Not Be a National Cryptocurrency In August 2017, state officials in Estonia revealed…

Read more »

Bitcoin in Brief Saturday: Spanish Parties Back Crypto Draft, Slovenia Adopts Crypto Action Plan

All parties represented in the Spanish Congress have voiced support for a new draft legislation introducing favorable crypto regulations in the country. We’ve covered the details in today’s edition of Bitcoin in Brief. Also, Slovenia adopts a crypto action plan, Estonia drops plans to issue a national cryptocurrency, and Hungary claims it’s ready to join…

Read more »

Spain: Innovation-Aimed Crypto Regulation Wins Cross-Party Support in Congress

Draft legislation that would favorably regulate blockchain technology and cryptocurrencies has received unanimous support in the Spanish Congress, Europa Press reported yesterday, May 30. The draft initiative, agreed upon with the majority parliamentary party Partido Popular (People’s Party), won the support of all parties present at the House Finance and Public Function Committee meeting on…

Read more »