EU plans to ban all Russian crypto payments

    The European Union (EU) might tighten restrictions on Russians’ crypto investments in the EU as a response to “sham” independence votes being held in Russian-occupied regions of Ukraine, CoinDesk reported. Russian citizens could be restricted from making any payments to EU crypto wallets following the limits imposed in April. A previous cap of crypto holdings…

    Amazon to collaborate with ECB to develop a digital euro prototype

    Amazon is among five companies to develop a digital euro prototype, as the European Central Bank (ECB) revealed its selected partners to collaborate. Amazon will be responsible for designing e-commerce payments during the prototyping exercise from September to December 2022. Meanwhile, Binance CEO praised the EU regulatory framework as a global standard for crypto regulations….

    EU lawmakers plan to cap banks’ crypto holdings

    EU banks exposed to crypto might face caps and hefty capital requirements due to proposed amendments to a financial-services law published on August 17. Lawmakers of the European Green Party want to anticipate international standards by legislating heavy capital requirements for lenders. The plans, presented by Green Party lawmaker Ville Niinistö, seek to anticipate capital…

    The EU moves toward creating a new AML regulator to oversee crypto

    Targeting anti-money laundering, the European Union is building a new regulator — “Anti-Money Laundering Authority” (AMLA) — that will direct oversee crypto businesses. Many negotiations remain before the AMLA launch, but all signs are that it’s underway. The EU is set to create a brand new regulator focused on direct crypto oversight. Although the crypto…

    EU authorities agree on rules to tame ‘Wild West’ crypto market

    European authorities have reached a milestone deal to regulate the trading of crypto assets in the bloc, to rein in what lawmakers call the “wild west” of financial markets. These standards are designed to protect consumers and increase transparency from companies. EU member states and the European Parliament on July 1 settled the terms of…

    SEC rejects Grayscale Bitcoin spot ETF, while Jacobi announces the first Bitcoin ETF in Europe

    Bitcoin fell over 5% following the US Securities and Exchange Commission (SEC) rejected the Bitcoin spot ETF proposed by Grayscale. The crypto fund has launched a lawsuit against the SEC after the regulator’s denial. Meanwhile, Jacobi Asset Management announced the launch of Europe’s first Bitcoin ETF on the Euronext Amsterdam exchange. Thursday morning, Bitcoin fell…