Banks in smaller countries like Latvia, Estonia and Greece could be more seriously impacted by the digital euro, analysts said.
Europe is a part of the world in the northern hemisphere of the Earth, comprising part of the largest of the world’s continent Eurasia, together with Asia. Overall, Europe has 65 countries within its territory. Most of the countries are members of the European Union, which has the world’s second largest economy by GDP and purchasing power parity. In terms of Bitcoin, Europe is just now preparing to regulate it. Cryptocurrency is not considered banned, though authorities of the European Union have agreed to limit the turnover of digital currencies. They prohibited anonymous transactions on online trading platforms so that cryptocurrency exchanges in Europe must identify all users and, if it’s needed, provide information about them. Within the Union, however, countries have differing attitudes toward Bitcoin.
The announcement comes the same day as ETC Group’s Bitcoin ETP began trading on the same exchange.13440
The ECB’s annual euro report stressed that a digital euro may be needed to fight off the threat of “artificial currencies” from “foreign tech giants.”11005
One Irish MEP wants even stricter stablecoin and crypto regulations in Europe.8230
The EU is billions of dollars behind China and the U.S. when it comes to investment in blockchain and artificial intelligence, said the EIB.11184
According to Edward Evenson, who works for Bitcoin miners Slush Pool, Chinese BTC mining machines are on the move.18051
Under the Class 3 VFA license, Crypto.com can provide custodial services and execute orders on behalf of other persons.16719
Lawmakers are reportedly planning to cut taxes on Bitcoin gains in half, possibly as early as 2022.14095
A close look at the policy issues relating to the potential impact of stablecoins on financial systems and economies around the world.19858
A former Apple executive believes the European Central Bank might just be paying lip service to the concept of privacy in relation to a digital euro.7338
A deep dive into the EU’s Markets in Crypto-Assets regulatory proposal, which could provide a precedent for other countries.19022
European financial institutions are using pilots to make a case for the digital euro.18294
When the June 3 deadline for complying with the Sixth Anti-Money Laundering Directive hits, businesses around the world will be legally liable for KYC compliance.5029
A crypto exchange is embracing gamification — and enabling traders to unlock achievements based on the digital assets they buy, and how often.13172
Deutsche Telekom has become the first telecom firm to join the Celo Alliance for Prosperity.10273