EU’s Centralized Crypto Oversight Push Could Bring ‘Legal Uncertainty’, Says ...
While the European Union (EU) authorities are pushing to shift oversight of key financial markets, including crypto, to a centralized supervisory authority, some industry players have shared multiple concerns about the proposal. Related Reading: BlackRock’s $2.5 Billion BUIDL Fund Launches On BNB Chain EU’s Plan For Crypto Oversight Shift Raises Concerns On Friday, Bloomberg affirmed […]
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The European Union (EU) is reportedly planning to shift oversight power of key financial market areas, including crypto, from national authorities to a centralized supervisory authority to help boost the bloc’s capital markets and harmonize regulation. Related Reading: A New Era Of Fair Finance? GENIUS Act, Stablecoins Could End Bank Exploitation, Expert Says EU Eyes […]
A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to a new anti-money laundering (AML) agency. Behind the move are concerns that companies dealing with digital assets can be engaged in the processing of illicit funds. Germany Leads Push to Place Crypto Firms Under EU Anti-Money Laundering Supervision Several EU member states, led by Germany, have been urging the European Union to grant a planned anti-money laundering (AML) watchdog powers to oversee businesses in the crypto sector. Quoting knowledgeable sources, Bloomberg revealed these nations....
Thailand is reportedly preparing to amend its law on digital assets to tighten the oversight of the crypto sector and empower the Thai central bank to oversee the sector. “Right now, the central bank has no room to enter into the regulatory framework except for notifying that cryptos are not a legal means of payment for goods and services,” said the Thai finance minister. Thai Central Bank Will Help Regulate Crypto Industry Thailand is reportedly planning to amend its law on digital assets to tighten the oversight of the crypto sector, particularly trading platforms. Thai....
“No global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements.” In a draft of a statement expected to be released tomorrow, countries representing the world’s largest economies said that they would initially oppose the launch of Facebook’s Libra project.According to an Oct. 12 report from Reuters, central bankers and finance ministers from the United States, Canada, Japan, Germany, France, Italy, and the U.K (also known as the Group of Seven, or G7), said it would halt global stablecoin projects pending appropriate....
I talked to Rashkovskii via Skype, temporarily interrupting his trek through SE Asia. I found him to be a personable and approachable man who is very talented at explaining complex technical issues in a simple way. But it is his take on Git technology and its combination with Bitcoin that really stands out. Yurii Rashkovskii: One of the ways I am seeing this project is that it is an attempt to push the envelope of how we use certain services and ask why are they centralized and if they can be decentralized and what kind of implications will that bring to the table. So, what do we gain and....