The governor of the Bank of England acknowledged that the U.K. is considering the issuance of a CBDC.
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.
CBDCs will have to be internationally interoperable to become globally adopted, says a Hong Kong University expert.3665
As Libra and COVID-19 give a push to CBDCs, some projects are looking to dethrone the main international currency.8369
Estonia is withdrawing permits from hundreds of crypto companies following Europe’s biggest money laundering scandal.14767
Investment firm ETC Group plans to list a Bitcoin ETP on Germany’s Xetra digital stock exchange in late June.13632
Luxembourg-based startup ANote Music will launch a blockchain-based platform that allows its users to invest in music royalties.4919
Cointelegraph examines where crypto debit cards are available and what options they offer as wider adoption starts to take hold.4061
Equigy, a blockchain platform for managing batteries connected to the electric grid, is expanding its operations in the European Union.9529
Major crypto exchange Coinbase is rolling out Tezos staking rewards for users in the United Kingdom and three European countries.6624
The French central bank has announced the first successful test of a digital euro.15775
Crypto.com’s debit Visa cards are now available in all EU states as the company aims for global presence.8143
German STO platform Black Manta joins digital asset custody firm Finoa to develop institutional security token custody.7594
An enterprise-focused blockchain association has partnered with the European Commission and UCL to develop a list of DLT solutions useful in fighting COVID-19.2067
The Dutch implementation of the EU’s anti-money laundering directive will cost crypto-businesses a fortune.4844
As the European Commission finished its crypto consultation in March, France’s major financial regulator expressed its stance on the matter.2726