Tag: EU

The European Union (EU) released a package of documents related to an action plan for implementing the European Green Deal and the REPowerEU Plan, which aim at energy savings by digitalizing the energy sector. In place of PoW mining, the EU plans to increase the Proof of Stake (PoS) concentration in the bloc. According to…

Crypto platform Crypto.com has announced a €150 million investment into France to support its operations in the country. This includes the establishment of a headquarters in Paris as its base of operations in Europe. Aside from the establishment of its EU headquarters in the capital city, Crypto.com will also seek to hire local talent to…

The European Union has confirmed a sweeping ban on providing crypto services to Russians as it tightens sanctions in the wake of what it calls “sham” secession votes in four Ukrainian regions. All transfers from Russians to European crypto wallet providers will be forbidden. Meanwhile, NFT creator Dapper Labs and crypto exchange OKX has also…

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 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 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…