European Parliament’s economic committee has backed the adoption of the comprehensive Markets in Crypto Assets (MiCA) regulation. It has also supported the introduction of rules for tracing cryptocurrency transfers, part of the latest EU anti-money laundering push. European Union’s MiCA Crypto Law Passes Another Hurdle Before Final Adoption The European Parliament Committee on Economic and […]
European Parliament voted in favor of MiCA legislation, European Commission released a pilot project to gather DeFi data in real-time.
Growing political tension between Russia and the European Union (EU) has ruptured the country’s access to international services, like Dapper Labs’ platform. In an article published recently, Flow blockchain developer Dapper Labs announced an immediate suspension of Russian accounts following the EU’s new sanctions against Russia. Under the new measure, Russian users are restricted to […]
The post EU Regulations: Dapper Labs Blocks Russian Access To Its Blockchain appeared first on Blockonomi.
Members of the committee passed the crypto framework policy in a vote of 28 in favor and one against, with a final vote expected with the full Parliament soon.
Policymakers with the European Parliament Committee on Economic and Monetary Affairs, or ECON, have approved the Markets in Crypto-Assets framework following a vote from the European Council.
In an Oct. 10 tweet, ECON member Stefan Berger confirmed the committee had accepted the MiCA legislation, a result of trialogue negotiations between the EU Council, the European Commission and the European Parliament. Members of the parliamentary committee passed the crypto framework policy in a vote of 28 in favor and one against, with a final vote expected in a full European Parliament session soon.
Wieder einen Schritt weiter…Das Ergebnis der Trilog-Verhandlung zu #MiCA wurde vom ECON-Ausschuss angenommen. Gute Nachrichten https://t.co/z73pkZMYvO
— Stefan Berger (@DrStefanBerger) October 10, 2022
The MiCA proposal, first introduced to the European Commission in September 2020, aims to create a consistent regulatory framework for cryptocurrencies among the 27 European Union member states. Following legal and linguistic checks, Parliament approving the latest version of the text, and publication in the official EU journal, the crypto policies could go into effect starting in 2024.
“It is important to ensure that the [European] Union’s financial services legislation is fit for the digital age, and contributes to a future-ready economy that works for the people, including by enabling the use of innovative technologies,” said the MiCA text as of Oct. 5.
Related: MiCA and ToFR: The EU moves to regulate the crypto-asset market
Following the MiCA vote, members of the EU Parliament also overwhelmingly approved a provisional deal on the Transfer of Funds Regulation — legislation aimed at having compliance standards for crypto assets in an effort to crack down on money laundering. The two regulatory frameworks, if given final approval, would apply to member states with the EU but potentially serve as an example for global lawmakers on crypto.
The Markets in Crypto-Assets regulation gets a final green light from the European Parliament on Monday after two years in the making.
The post EU’s landmark digital asset legislation passes committee vote in European Parliament appeared first on The Block.
The European Commission released a tender for a study on how to monitor the Ethereum network through “embedded supervision” and automate data collection from DeFi in real time.
The post EU Commission seeks automated Ethereum DeFi monitoring appeared first on The Block.
Circle Policy Advisor Patrick Hansen tweeted details of a tender by the E.U.
The post EU signals regulatory intent with study on ’embedded supervision’ of Ethereum DeFi appeared first on CryptoSlate.
The new crypto sanctions imposed by the European Union are likely to spur the development of the country’s digital asset market, according to a Russian lawmaker. Anatoly Aksakov, who chairs the parliamentary Financial Market Committee, believes Russians will manage to bypass the restrictions. Meanwhile, major exchanges have reportedly informed Russian users that trading continues. Russians […]
NFT company Dapper Labs has issued warnings to users who have “connections” to Russia that funds held in their account-based crypto wallets have been frozen.
The post Dapper Labs freezes funds in wallets with Russian ties following EU sanctions, users say appeared first on The Block.
An array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex Ukrainian territories. EU Council Adopts Full Ban on Crypto Wallet and Custody Services for […]