European Parliament votes against PoW ban, providing huge relief to the crypto industry
The moderate version of the regulatory framework’s draft prevailed in the ECON committee voting. Go to Source Powered by WPeMatico
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Law Decoded: Joe Biden’s executive order is finally upon us, and it doesn’t look too dreadful, March 7–14.
The long-anticipated presidential directive drops, EU votes on PoW ban, South Korea gets a pro-crypto president. Go to Source Powered by WPeMatico
MiCA Amendments Proposed Last Minute Revive Threat of EU Ban on Bitcoin, Report Reveals
Changes to the EU’s MiCA proposal to regulate crypto markets, suggested shortly before a vote on the package, indicate a bitcoin ban is still a possibility. Despite recently removing wording that would have prohibited coins with energy-intensive mining, some members of the European Parliament are now targeting “unsustainable” cryptocurrencies. New MiCA Paragraphs Call for Subjecting … Read more
Deutsche Bank to Exit Russia, Says There Will Be No New Business There
Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted. Amid Ongoing War in Ukraine, Deutsche Bank Pulls Out of Russia Deutsche Bank, … Read more
Ally or suspect? The war in Ukraine as a stress test for the crypto industry
Crypto execs signal their readiness to comply with sanctions, but decentralization itself puts crypto in a vulnerable position. Go to Source Powered by WPeMatico
Bitfinex refuses to freeze crypto belonging to non-sanctioned Russians
The crypto community stands up for the rights of ordinary Russians amid hundreds of businesses leaving the country, but the final decision is up to regulators. Go to Source Powered by WPeMatico
Consolidation and centralization: How Europe’s new AML regulation will affect crypto
With plans for a new watchdog, experts say the EU could take a more hardline position on digital assets. Go to Source Powered by WPeMatico
Inflation spikes in Europe: What do Bitcoiners, politicians and financial experts think?
Bitcoin‘s role as an inflation hedge is popular, with one expert stating that ”you don‘t need Bitcoin until you do.” Go to Source Powered by WPeMatico
EU Targets Crypto Assets in Widened Sanctions Against Russia, Belarus
The European Union is extending the scope of sanctions introduced in response to Russia’s invasion of Ukraine, with the latest agreement between member states specifically mentioning crypto assets. Russian oligarchs, senators and Belarusian banks have been targeted. Europe’s Sanctions Classify Crypto Assets as Securities to Close Loopholes for Russia On Wednesday, the European Commission welcomed … Read more
Sanctions on Russia and Belarus will include crypto — European Commission
The expansion of sanctions follows the commission announcing in February that it would be removing several Russian banks from the SWIFT cross-border payment network. Go to Source Powered by WPeMatico
