EU Parliament – DIGIT INFO

Ukraine to Adopt Europe’s Crypto Rules, Clarifies Taxation

DIGIT — Sun, 23 Apr 2023 09:49:56 +0000

Officials have revealed that Ukraine intends to implement the crypto market rules approved by the European Parliament. While the government is already moving in that direction, the tax service has issued a clarification regarding the taxation of income resulting from cryptocurrency transactions. Ukraine Set to Incorporate EU Crypto Regulations Into National Law A regional leader […]

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EU Parliament Greenlights Markets in Crypto Assets Law, Tracing Rules

DIGIT — Fri, 21 Apr 2023 14:19:57 +0000

Members of the European Parliament gave their final approval to a package of EU-wide regulations for crypto assets. The legislators also backed the introduction of mechanisms allowing the tracing of cryptocurrency transactions which will also apply to private crypto wallets above a certain threshold. European Lawmakers Endorse Groundbreaking Crypto Assets Legislation Europe’s new common rules […]

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Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil

DIGIT — Sun, 19 Mar 2023 07:00:46 +0000

A European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social value. Belgium’s Ex-Finance Minister Suggests Ban on Decentralized Digital Currencies Member of the European Parliament, Johan […]

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European Commissioner Says Impact of SVB Collapse ‘Limited’ as Credit Suisse Drags Down Banking Stocks

DIGIT — Fri, 17 Mar 2023 00:00:31 +0000

Silicon Valley Bank’s (SVB) collapse has had a “limited impact” on the European Union but authorities must still “stay alert” to events as they unfold, European Commissioner Mairead McGuinness has said. Despite McGuinness’ reassuring remarks, stocks of Europe’s largest banks still plunged by as much as 10% on March 15. Silicon Valley Bank’s ‘Limited’ EU […]

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‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament

DIGIT — Thu, 26 Jan 2023 08:30:12 +0000

Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators Approve Draft Law Implementing the Basel III Capital Regulations for Banks Members of […]

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Key EU Parliament Committee Approves MiCA Deal to Regulate Crypto

DIGIT — Wed, 12 Oct 2022 11:30:24 +0000

European Parliament’s economic committee has backed the adoption of the comprehensive Markets in Crypto Assets (MiCA) regulation. It has also supported the introduction of rules for tracing cryptocurrency transfers, part of the latest EU anti-money laundering push. European Union’s MiCA Crypto Law Passes Another Hurdle Before Final Adoption The European Parliament Committee on Economic and […]

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Crypto industry fires back after EU vote to block ‘unhosted’ wallets

DIGIT — Fri, 01 Apr 2022 02:39:44 +0000

“Imagine if the EU required your bank to report you to the authorities every time you paid your rent merely because the transaction was over 1,000 euros,” said Coinbase CEO Brian Armstrong.

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Onecoin Victims Join Petition Seeking Establishment of European Crypto Fraud Compensation Fund

DIGIT — Thu, 01 Oct 2020 04:05:10 +0000

Onecoin victims have joined a consortium that wants the European Parliament to consider a petition seeking the establishment of a compensation fund. The envisioned EU-administered fund will function as an insurance kitty for current and future victims of all crypto fraud. The petitioners are proposing the levying of an “unnoticeable” fee of 0.0001 cent per […]

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