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Elon Musk Exposes Secret EU Censorship Deal Proposal

[Jul 13 3:30 PM] Tesla CEO Elon Musk has disclosed that the European Commission (EC) offered his social media platform, X, a covert deal to censor speech in exchange for avoiding fines related to its blue check verification system. Musk stated that X declined the…

Israel Decision on Digital Shekel Won't Occur Before the EU's Call on Digital Euro: Reuters

[Jul 10 6:06 AM] The Bank of Israel won't decide whether to launch a central bank digital currency before the European Union does, Deputy Governor Andrew Abir told Reuters.

Italy Prepares to Issue Guidelines on Implementing EU Crypto Regulation

[Jul 9 4:36 PM] Italy’s central bank will soon release guidelines on implementing the European Union’s Markets in Crypto Assets Regulation (MiCA) Regulation to ensure the payment system’s regular functioning, Bank of Italy Governor Fabio Panetta…

EU–US Financial Forum Highlights Cooperation on Crypto Regulation

[Jul 3 6:31 PM] The EU–U.S. Joint Financial Regulatory Forum took place last week, with participants exchanging views on topics of mutual interest as part of their regular financial regulatory dialogue. The dialogue was hosted by the European Commission and the…

Circle’s Stablecoins Now MiCA Compliant

[Jul 1 7:20 PM] Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU’s Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customers. The company is also…

Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules

[Jul 1 9:00 AM] Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA.

EU's Restrictive Stablecoin Rules Take Effect Soon and Issuers Are Running Out of Time

[Jun 27 7:41 AM] The European Banking Authority told CoinDesk it intends to publish a final report on how it will monitor stablecoin issuers by the end of the month.

Many EU Crypto Entities May Not Know the Correct Deadline for Sustainability Disclosures Under MiCA: Risk Analyst

[Jun 26 5:42 AM] Several crypto asset service providers (CASPS) in the European Union (EU) may not know the correct deadline to make sustainability disclosures reflecting their environmental footprint despite a clarification made by the bloc's securities regulator…

The Two-Class System of Regulation Plaguing Europe

[Jun 24 9:37 PM] In the rapidly evolving landscape of digital finance, the emergence of crypto assets has introduced unprecedented challenges as well as opportunities for regulators who provide proactive frameworks across the globe. The European Union is the…

Italy to Increase Surveillance of Crypto Market With Fines as High as 5M Euros: Reuters

[Jun 20 5:59 AM] Italy is set to adopt measures that will include high fines for those who manipulate the crypto asset market as part of a wider scheme to beef up surveillance of risks tied to the sector.

EU Body Publishes Final Draft Technical Standards for Prudential Matters: MiCA

[Jun 13 9:35 AM] The European Banking Authority (EBA) published on Thursday the final draft technical standards on prudential matters for firms to comply with that fall under the markets in crypto assets (MICA) legislation.

Crypto Mixers, Privacy Coins, Layer 2s Complicate Tracing for Law Enforcement, EU Innovation Hub Says

[Jun 11 10:01 AM] Separately, France's markets regulator said crypto remains a high risk for money laundering.

Crypto Exchange Crypto.com Secures Spot on Ireland's Virtual Assets Service Provider Register

[Jun 11 6:12 AM] The company has also received approval in Dubai, U.K., the Netherlands and Spain.

Crypto Remains Sidelined as EU Election Kicks Off

[Jun 6 2:05 AM] The election for new members of the European Parliament starts June 6, with results expected on June 9. The more than 700 MEPs shape and decide on new laws, and will be voted in as the EU's landmark Markets in Crypto Assets legislation starts…

Binance Announces Restrictions on Unauthorized Stablecoins in EU to Comply With MiCA Regulations

[Jun 3 6:31 PM] Crypto exchange Binance announced Monday its strategy to comply with the forthcoming Markets in Crypto Assets Regulation (MiCA) stablecoin rules, set to take effect on June 30 across the European Economic Area (EEA). These regulations will restrict…

Economist Jim Rickards: The Global Clearance and Settlement System Might Collapse After Seizure of Russian Assets

[Jun 3 10:11 AM] Jim Rickards, an economist and author of the best-selling book ‘Currency Wars,’ has issued an alert about the possible collapse of the global clearance system. In a recent interview, Rickards noted that Euroclear, a settlement service, holds $200…

Companies Turn to Crypto for Payments as G7 and EU Mull Sanctions on Russian SWIFT Equivalent

[Jun 2 2:20 PM] Some Russian companies have turned to using crypto to settle payments and protect themselves from potential secondary sanctions from Western countries. At least two top metal producers have transacted using USDT, the largest stablecoin in the…

EU Watchdog Considers Crypto Integration Into $12.88 Trillion Investment Market

[May 9 7:00 AM] Europe’s securities regulator is seeking input from stakeholders on the potential inclusion of crypto assets in a potentially massive market. The European Securities and Markets Authority (ESMA), the regulatory authority responsible for…

Ahead of EU Elections, Crypto Industry Pushes Blockchain Merits as Policy Focus Shifts to AI

[Apr 30 2:05 AM] Industry watchers are hoping for a younger, tech-savvy cohort of politicians that can push innovation-friendly policy forward.

Here’s How EU Nations Are Preparing to Enforce MiCA

[Apr 29 12:00 AM] With MiCA stablecoin rules taking effect in June, CoinDesk reached out to regulators in all 27 EU member states to show where countries are at with implementation.

EU Parliament Adopts Anti-Money Laundering Rules Package, Also Policing Crypto

[Apr 26 4:44 AM] The new laws set up "enhanced" due diligence and customer checks for crypto firms.

EU's MiCA Rules Have Had Little Influence on the European Crypto Market, Regulator Says

[Apr 10 9:22 AM] The rules, which take effect at the end of the year, have yet to spur increased euro-based transactions in crypto markets.

EU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It's Not

[Apr 4 10:00 PM] Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out.

EU Markets Watchdog Steps Closer to Finalizing Rules Under MiCA

[Mar 25 5:17 AM] The European Securities and Markets Authority on Monday published a final report on measures along with its third consultation package for further rules and guidance.

EU Lawmakers Vote for Three Major Texts in Anti-Money Laundering Package That Also Targets Crypto

[Mar 19 6:15 AM] The broad package sets up an anti-money laundering authority, a single rulebook for all 27 member states, and tough rules for crypto service providers.

EU Regulators Publish Batch of Draft Rules for Stablecoins Under MiCA

[Mar 13 6:01 AM] The draft Regulatory Technical Standards (RTS) lay out requirements for issuers when dealing with complaints about stablecoins referencing multiple currencies.

Sweden’s Central Bank Chief Wants 'as Little Bitcoin as Possible' in Country's Financial System: Bloomberg

[Mar 12 8:13 AM] Sweden's central bank governor said he wants "as little bitcoin as possible in the Swedish financial system."

EU Parliament Approves New Sanctions Laws That Also Apply to Crypto

[Mar 12 7:24 AM] The laws are to ensure sanctions rules are applied uniformly across the EU's 27 member states.

Frankfurt to Host New EU Money Laundering Watchdog Tasked With Monitoring Crypto

[Feb 22 1:58 PM] The Anti-Money Laundering Authority is part of a broader effort by the European Union to combat illicit fund flows, and is ready to begin work as early as Friday, officials said Thursday.

Kraken Starts Requiring Info on Self-Custody Crypto Wallet Ownership in the UK

[Feb 16 12:30 AM] Kraken, a U.S.-based cryptocurrency exchange, has started requiring additional information in the U.K. regarding transactions of self-custody wallets made to and from its accounts. Kraken sent an email to some of its U.K. customers, stating that if…