Tagged: european parliament

July 3, 2026 @ 12:45 am By Omar Faridi  |  

The European Parliament’s Economic and Monetary Affairs Committee have backed draft rules that could enable the launch of a digital euro as early as 2029. The committee’s decision on 23 June 2026 marks another milestone in the long-running effort to create a central-bank-issued digital version… Read More

January 12, 2026 @ 11:43 am By JD Alois  |  

“Without a meaningful digital Euro, our dependence will deepen as US-backed private digital currencies are gaining ground.” Sustainable Finance Lab has posted an open letter signed by 70 European Academicians supporting a central bank digital currency (CBDC) or digital Euro. The supporters included economists and… Read More

December 2, 2025 @ 11:47 pm By Omar Faridi  |  

The European Council and the European Parliament reached a provisional political agreement to bolster the EU’s legislation on payment services. Morten Bødskov, Danish Minister for Business, Industry and Financial Affairs said that this latest agreement marks a key step in the fight against payment fraud… Read More

June 6, 2024 @ 10:51 am By Omar Faridi  |  

To ensure a smooth transition for local banks to comply with the new and amended requirements arising from the Banking package, which was recently adopted by the European Parliament and the Council of the European Union, the MFSA has issued a Dear CEO Letter to… Read More

April 24, 2023 @ 8:50 am By JD Alois  |  

As was reported last week, the European Parliament approved MiCA, or Markets in Crypto-Assets legislation, which aims to make the EU a digital asset-friendly jurisdiction. At the same time, the Transfer of Funds regulation was approved, which requires crypto operators to identify their customers as… Read More

April 20, 2023 @ 11:26 am By JD Alois  |  

The European Parliament has adopted MiCA or Markets in Crypto-Assets regulation. This legislative development means the European digital asset (crypto-asset) will now have a bespoke regulatory framework, allowing all EU member states to provide services under a harmonized environment. After several delays, MiCA was approved… Read More

April 7, 2023 @ 12:28 pm By Omar Faridi  |  

MEPs approved stricter rules “to close existing gaps in combating money laundering, terrorist financing and evasion of sanctions” in the European Union. This past week, MEPs from the Economic and Monetary Affairs and Civil Liberties, Justice and Home Affairs committees “adopted their position on three… Read More

March 30, 2023 @ 8:47 am By Omar Faridi  |  

Smart contracts will reportedly have to include a “kill switch” under an update of the European Union’s (EU) Data Act which was recently released by the bloc’s member states on Monday (March 27, 2023). The European Union’s Council, which is focused on representing national governments,… Read More

October 6, 2022 @ 11:42 am By JD Alois  |  

In a letter sent to the Chair of the Committee on Economic and Monetary Affairs of the European Parliament, the European Council said it approved of the Parliament’s position on the Markets in Crypto Assets (MiCA) directive as it stands and it will be adopted… Read More

July 4, 2022 @ 9:07 am By Omar Faridi  |  

On June 29, the European Commission and the Ukrainian Association of Fintech for Innovation Companies (UAFIC) and the European Association of Digital Finance (EDFA) supported a project to implement tech solutions that should help Ukrainians — pan-European hackathon “Coding Challenge for Ukraine.” The event’s partner… Read More

June 30, 2022 @ 7:12 pm By JD Alois  |  

The European Union has agreed on crypto-asset regulation under the Markets in Crypto Assets (MiCA) legislation. According to tweets distributed by Member of European Parliament (MEP) Stefan Berger, Europe will be the first continent with crypto asset regulation as the European Parliament, European Commission and… Read More

June 6, 2022 @ 9:34 pm By JD Alois  |  

The European Parliament has posted regulations pertaining to tokenization and digital securities leveraging blockchain or distributed ledger technology. The DLT pilot plan aims to enable innovators to advance their platforms while providing a safe environment for users. To quote the document: It is important to… Read More

April 5, 2022 @ 11:00 am By JD Alois  |  

Last Thursday, Members of European Parliament (MEP) voted to create new rules to track crypto transfers. The Committee on Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties (LIBE) adopted the legislation, with 93 votes for and 14 against, and 14 abstentions. The… Read More

March 29, 2022 @ 9:48 am By JD Alois  |  

As was recently reported, the European Parliament is poised to vote on regulation pertaining to the Transfer of Funds that will impact crypto-assets. The quote the European Commission: “The anonymity associated with crypto assets, as well as their speed and global reach bring obvious risks… Read More

March 28, 2022 @ 10:42 am By JD Alois  |  

New rules in Europe designed to stymie illicit activity may go too far, according to Coinbase. New Transfer of Funds Regulation “would unleash an entire surveillance regime on exchanges,” explains the crypto exchange. In a blog post, Coinbase states that “bad facts, make bad law,”… Read More

March 18, 2021 @ 12:36 pm By JD Alois  |  

  Two draft documents by the European Parliament, Committee on Economic and Monetary Affairs, addressing distributed ledger technology (DLT or blockchain) as well as crypto-assets have emerged. The first is a draft document on the proposal for a regulation of the European Parliament and of… Read More

April 14, 2020 @ 8:16 am By Omar Faridi  |  

New York-based BitOoda, a digital asset and Fintech firm, recently published its cryptocurrency market regulatory analysis report. Governments throughout the world are struggling to deal with the devastating economic consequences of the deadly Coronavirus (COVID-19) pandemic. The BitOoda team reveals: “We’ve noted an uptick in… Read More

April 11, 2020 @ 10:52 am By Omar Faridi  |  

The European Parliament suggests that the EU should consider broadening the existing definition of digital assets or cryptocurrencies and expand its current list of blockchain or crypto-related organizations that may need to follow financial regulations. The EU adopted the Fifth Anti-Money Laundering Directive (AMLD5) back… Read More

December 19, 2019 @ 11:06 am By JD Alois  |  

According to a notice published by the Europea Parliament, final European Union-wide rules have been agreed upon thus forwarding the goal of a true monetary union while promoting online capital formation. The European Parliament negotiating team has reached a deal with the European Council which… Read More

August 9, 2019 @ 1:50 am By JD Alois  |  

For some people, Blockchain or distributed ledger technology (DLT) holds almost mystical potential to revolutionize everything. While there is more than a bit of hyperbole associated with blockchain, it is a fact that many corporates are incorporating DLT within their operations to streamline and remove… Read More