European Commission Has ‘Serious Doubts’ About Markets in Crypto Assets Draft...
The European Commission disagrees with some provisions in the crypto regulatory proposal approved recently by the European Parliament. The executive arm in Brussels is unhappy with certain anti-money laundering measures, according to a media report quoting unofficial correspondence. European Commission Working on Compromise Proposal for EU Crypto Rules Europe’s upcoming Markets in Crypto Assets (MiCA) legislation is facing challenges in the trilogue stage, less than two months after the European Parliament voted on the draft. Since then, discussions have been underway....
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The Markets in Crypto Assets (MiCA) regulatory package passed another potential hurdle this week and is moving to the next stage of the EU’s legislative process. Proponents of a controversial text prohibiting proof-of-work (PoW) cryptocurrencies, which was recently dropped from the draft, did not take an opportunity to block the draft’s progress. EU Parliament, Commission and Council to Negotiate Over MiCA Regulations Wording proposed by members of the European Parliament (MEPs) which aimed to impose a ban on cryptocurrencies relying on PoW mining was removed from MiCA before....
The Parliament of the EU has designated ESMA, the European Securities and Markets Authority, the top cryptocurrency regulator of the region in the latest draft of MiCA, the Markets in Crypto Assets regulation. The European organization would have the task of licensing crypto-related institutions and exchanges, putting national regulators under its authority.
ESMA Gets Crypto Regulatory Powers in Latest MiCA Draft
The latest draft of MiCA, the Markets in Crypto Assets regulation, has brought significant changes to the way in which cryptocurrency licenses for organizations are....
The European Commission has moved to allocate the supervision of crypto companies and their activities under the sole jurisdiction of the European Securities and Markets Authority (ESMA). This move will end the application of different regulatory styles in several member states operating under the EU’s Markets in Crypto-Assets regulation (MiCA). Related Reading: Key Updates On […]
Mairead McGuinness said that she planned to discuss a compromise through the MiCA proposal currently under review in the EU. Mairead McGuinness, the Commissioner for Financial Services, Financial Stability and Capital Markets Union at the European Commission, is moving forward with a discussion on regulating cryptocurrencies amid three major events in the space.In written remarks for a speech in Brussels on Tuesday, McGuinness said the Celsius Network's recent suspension of withdrawals, as well as the crash of Terra (originally LUNA, now LUNA Classic, or LUNC), show the need for....
The executive arm of the EU is gearing up to start public consultations on the digital euro project next month. The European Commission will also prepare new legislation to establish the legal basis for the digital version of the common European fiat. A draft is expected in 2023.
EU Finance Chief Announces Legislative Plan for Digital Euro
The European Commission (EC) is planning to put forward a bill tailored to lay down the legal foundation for a digital euro currency, Politico reported this week. The legislation will support the European Central Bank (ECB) in its efforts to....