Banking Agency Advises European Commission to Assess Common Crypto Approach

Banking Agency Advises European Commission to Asses Common EU Crypto ApproachThe European Banking Authority (EBA), a regulatory agency of the European Union, has published its assessment into the application of EU law to crypto assets. The agency, which is headquartered in London, recommends that the European Commission tables a response to the risks regulators associate with the field such as money laundering. Also Read: FBI […]

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Blockchain Could Transform Trade Finance and Customer Due Diligence: EU Report

Trade finance is a complex and tedious process that involves a large number of participants. With the risks involved being quite high, especially in international trade finance, banks have stepped in to mitigate them through various products such as letters of credit and bank guarantees. This industry is long overdue for a blockchain revolution, according […]

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EBA Chairman Sees No Reason to Further Regulate Cryptocurrencies

TheMerkle EBA Cryptocurency RegulationIt has become apparent that cryptocurrency regulation in Europe is still several years away, if not longer. A few months ago, the ECB made it clear it was not interested in intervening where cryptocurrencies were concerned. Similar statements have now been issued by the EU Banking Authority. All of this is a positive development for the industry, although it also means there is still a lack of “legality” in Europe. The Future of Cryptocurrency in Europe Depending on how you want to look at it, a lack of cryptocurrency regulation can be a good thing or a bad thing. While most industry enthusiasts aren’t too keen on

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Excessive Crypto Regulation Not Optimal, EU Banking Authority Says

Excessive Crypto Regulation Not Optimal, EU Banking Authority SaysThe Chairman of the European Banking Authority has spoken against excessive regulation of the crypto sector, warning it might constrain financial innovation. Outlining EBA’s position in regards to the supervision of the Fintech industry, Andrea Enria said regulators need to maintain a “measured approach”. Next week EBA will publish a roadmap, which defines a series […]

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