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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 … Read more
Banks could be required to hold a “risk-weighted exposure amount” of up to 1,250% of capital based on exposure to crypto if the full parliament passes the measures. Go to Source Powered by WPeMatico
The final vote was delayed due to issues in the translation of the 400-page legal document. Go to Source Powered by WPeMatico
Europol and Eurojust, two EU agencies for law enforcement cooperation, joined authorities from Bulgaria, Cyprus, Germany and Serbia to investigate online investment fraud since June 2022. Go to Source Powered by WPeMatico
The Visa-backed debit card will allow Huobi users in the European Economic Area (EEA) to pay from their crypto accounts at point of sale stations globally. Go to Source Powered by WPeMatico
The Bank of France’s head said turmoil in the crypto markets proves the need to move to a mandatory licensing scheme for crypto firms “as soon as possible.” Go to Source Powered by WPeMatico
While regulations were once seen as hurdles to crypto adoption, they are now perceived as the fastest way to attain global mainstream adoption. Go to Source Powered by WPeMatico
The European Union has its regulatory framework, while the race is only kicking off in the United States. Go to Source Powered by WPeMatico
The European Central Bank (ECB) decided to hike three of its key interest rates by 50 basis points (0.5%) as part of its ongoing war against inflation. The organization stated that further increases are likely to happen “because inflation remains far too high and is projected to stay above the target for too long.” ECB … Read more
In a win for crypto app developers, incoming EU laws will force Apple to permit alternative app stores and apps without the need to go through its App Store. Go to Source Powered by WPeMatico
