ECB official: Digital Euro could come out by 2026

    The European Union could issue a digital euro within four years, a senior official from the European Central Bank (ECB) said. Peer-to-peer payments could be a first test case, though no final decision has been made yet. “At the end of 2023 we could decide to start a realization phase to develop and test the…

    UAE’s crypto startup Fasset expands operations in the EU

    UAE-based global digital asset gateway Fasset has announced its expansion to the European Union market after securing authorization for crypto operations in the EU. The startup aims to strengthen its global outreach to serve the growing digital asset sector in the EU market. Recently, Fasset separately secured three full authorizations from the Labuan Financial Services…

    EU lawmakers vote for new KYC rules, roiling the crypto industry

    European Union lawmakers voted on Thursday in favor of controversial measures to outlaw anonymous crypto transactions, a move the industry said would stifle innovation and invade privacy. Coinbase, Gemini, and other companies denounced the EU’s anti-money-laundering requirements. According to Reuters, the proposals are intended to extend anti-money laundering (AML) requirements that apply to conventional payments…

    Smart contracts might be stifled by EU Data Act

    The EU has published its new Data Act, a law proposal that aims to regulate the generation and handling of data by the actors that harness it. The act, in its large scope, touches on the subject of smart contracts and proposes that every smart contract should have a termination function to stop the flow…

    European Union is open to crypto, Commissioner says

    EU Commissioner for Home Affairs said that the European Union is open to digital assets but with fraud-preventing regulation. Regulation and cybercrime in the crypto industry sparked the discussion around crypto at the Munich Security Conference 2022. The commissioner spoke at the Munich Security Conference on February 18, 2022, attended by the CEO of FTX,…

    Solana ETP receives approval to trade on Frankfurt Boerse

    DeFi Technologies subsidiary has been given the green light by the Boerse Frankfurt Zertifikate AG to list an exchange-traded product (ETP) that tracks the price of Solana cryptocurrency (SOL). The ETP provides traditional investors exposure to the crypto within a regulated and “fully backed” environment. According to a Monday press release, Valour’s Solana ETP began…