The European Banking Authority wants to update existing anti-money laundering rules and combat the financing of terrorism for crypto providers.
Category: EBA
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Banking Agency Advises European Commission to Assess Common Crypto Approach
The 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
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EBA Chairman Sees No Reason to Further Regulate Cryptocurrencies
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Excessive Crypto Regulation Not Optimal, EU Banking Authority Says
The 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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Don’t Regulate Crypto, Regulate Financial Institutions, Says EU Banking Authority Chair
European Banking Authority chairperson says “excessive” regulation in fintech could restrict innovation #NEWS
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EU Regulators Caution Consumers Against ‘Highly Risky’ Crypto Investing, Again
The European Supervisory Authorities warn customers against investing in cryptocurrencies without understanding the risks and to only spend the money they can afford to lose. #NEWS
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