Only EUR and USDC trading pairs will be supported on the platform in the EU area going forward, according to the message.
European Union News
EU cryptocurrency regulations have yet to be unified, but individual institutions like the European Central Bank and the central banks of separate governments have made different statements about the legal status of cryptocurrencies. The European Central Bank’s official position on cryptocurrency is a recommendation not to use them until the establishment of specific cryptocurrency laws for the EU. Cryptocurrencies are a subject of the EU’s anti-money laundering laws, so the EU cryptocurrency exchanges are obliged to identify users and track suspicious transactions. Certain countries in the European Union have their own cryptocurrency regulations. For example, Germany defines a cryptocurrency as a private currency/non-governmental currency. Also, the EU does not provide strict regulations on ICOs and different states have their own ways of handling them.
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The European Parliament granted final approval to the European Union’s artificial intelligence law, one of the world’s first set of comprehensive AI regulations.
1076The European Commission is empowered to levy fines for inaccuracies, incompleteness or misinformation provided in response to information requests.
15923This regulatory framework for stablecoins results from a joint collaboration between the European Banking Authority and the European Securities and Markets Authority.
4016The EU Parliament approves the world's first comprehensive AI regulations, aiming for safe and ethical AI development in the European Union.
2991The digital euro intends to be the next evolution of the European currency, but before its inception, it has already caused division in Europe.
978Portugal’s general elections are crucial for the country’s blockchain and digital assets industry.
3350The SEC has already approved several spot Bitcoin ETFs in the U.S.; however, these ETFs are not allowed in the EU due to strict regulations. Instead, there are other alternative ways to safely invest in cryptocurrencies.
2379The list contains several crypto firms among companies trading without the correct licenses.
2367The Terraform Labs co-founder, who has been in Montenegro since his arrest in March 2023, will reportedly be extradited to the United States to face fraud charges.
9773Meta outlines its strategy to combat the misuse of generative AI in content on its platforms ahead of the European Parliament elections in June 2024.
2004The Anti-Money Laundering Authority will start its work by mid-2025.
11930The ECB executives agree that the expectation of spot ETF approvals drove the price of Bitcoin, but they believe it could turn out to be “a flash in the pan.”
4066Asian nations are pushing hard for more consumer protection, more oversight and more technical abilities for regulators.
3892The German Bundestag will host an educational Bitcoin event, and a pro-Bitcoin draft bill aims to make BTC legal tender in the country.
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