Poland Ministry of Finance Calls for EU-Level Bitcoin Regulation

Poland’s Ministry of Finance has stated that digital currencies, due to their cross-border characteristics, should be regulated at the EU level and that the Polish Government would not create own regulation.. The opinion was written...

European Court of Justice rules that Bitcoin is VAT exempt.

Following the appeal of David Hedqvist against the decision of the Swedish Tax Authority (Skatterverket) to tax Bitcoin transactions, the European Court of Justice (ECJ) have ruled that such transactions should be; "exempt from VAT...

EU Economic Committee supports creation of Digital Currency Taskforce

The EU Parliament's Economic and Monetary Affairs Committee by 54 votes to 1 voted to support Jakob Von Weizsäcker’s proposal to set up a ‘taskforce’ to “build up the necessary expertise in the underlying...

EBA’s Opinion on Proposal to Regulate Virtual Currency Exchanges/Wallets

The EBA have reviewed the EU Commission's proposal to regulate VC exchanges and wallets and have provided their Opinion on the matter. They have interpreted the Commission's proposal as requiring VC exchanges/wallets to register in...

European Union – Policy Summary for Regulation of Virtual Currency

EUROPEAN COMMISSION COM(2016) 50/2 Published in February 2016 COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on an Action Plan for strengthening the fight against terrorist financing “Virtual currency exchange platforms: There is a risk...

ESMA takes ‘wait and see’ approach in relation to DLT.

ESMA takes ‘wait and see’ approach in relation to DLT. ESMA stresses that MIFID/EMIR and other EU regulations are “technology agnostic”. This means institutions using blockchain technology “need to consider existing rules when designing DLT...

Regulatory Update – USA, EU and Spain

https://www.youtube.com/watch?v=BMXVrfCZjXg

EU Commission Proposal: Virtual Currency Exchanges and Custodians to be Regulated under 4AMLD by...

The EU Commission has proposed an amendment (Proposal) to Article 2 of Directive 2015/849, namely the 4th Anti-Money Laundering Directive (4AMLD), “in order to add to the list of obliged entities virtual currency...

Far Right-Driven European Parliament Motion on Controlling Digital Currencies Updated

A European Parliament motion calling for a resolution controlling virtual currencies such as bitcoin has this week been updated. In November, the motion was first brought by three MEPs from France's National Front party, Sophie Montel, Florian Philippot...

On the Cusp of a EU Digital Currency Taskforce

You may recall that a Report was produced by Jakob Von Weizsäcker to set up a Virtual Currency Taskforce. This is being voted on today in the EU Parliament. If passed (which is most...