Bitcoin lacks the characteristics of a currency and is purely speculative, according to the European Central Bank’s former president Jean-Claude Trichet.
EU 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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A draft document issued by the European Union suggests that the organization should consider issuing its own digital currency.
- News
by Jack Martin
Libra in ongoing discussions with EU regulators following pushback from Germany and France, says managing director.
- Analysis
by Henry Linver
Multiple EU politicians are calling for a united European digital currency to counter Facebook’s stablecoin project Libra.
- News
British Financial Conduct Authority granted a license under the European Benchmarks Regulation to CME Group’s Bitcoin index provider CF Benchmarks.
- News
by Joeri Cant
The Malta Financial Services Authority said in its strategic plan that it will actively monitor crypto firms to prevent crypto-related crimes.
- News
Germany’s WEG Bank receives green light from Estonia to serve as a crypto custodian.
- Crypto Map
Here’s how today’s crypto taxation laws look like across the globe, from the U.S. to South Korea, Switzerland, Japan, Australia and Malta...
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About 71% of German citizens are skeptical towards Facebook’s Libra stablecoin, while only 12% welcome it.
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San Marino has signed an MoU with blockchain application platform VeChain to deploy blockchain tech to incentivize environmentally friendly behavior.
- Coffee & Crypto
In the premiere episode of the new Cointelegraph series “Coffee and Crypto,” Olivia Capozzalo and Molly Jane Zuckerman discussed the latest news in the crypto i...
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U.K. Finance Minister Philip Hammond said that regulators, not lawmakers, should make decisions regarding Facebook’s Libra stablecoin.
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Central Bank of Germany representative Burkhard Balz says that cryptocurrencies do not pose a threat to financial stability.
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