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...

Coexistence of Blockchain technology with General Data Protection Regulation

In this article, we will cover the newly adopted European legislation on the data protection called the General Data Protection Regulation or simply GDPR which sets out general principles and rules the existed businesses...

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...

EU to Regulate Cryptocurrency Exchanges

EU Commission to push forward implementation of 4th Anti-Money Laundering Directive (4AMLD). EU Commission has also tabled amendments to 4AMLD to regulate all cryptocurrency exchanges in EU.Also mentioned they will look into whether to regulate exchanges...

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...

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...

Darknet references may accelerate de-anonymisation trend

The criminal investigator of the shootings in Munich references the 'darknet' as the possible market where the David Sonboly, the perpetrator of the killings in the Olympia shopping centre in Munich, may have acquired...

Regulatory Update – USA, EU and Spain

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

EU Commission to propose Central Database of Virtual Currency Users

The EU Commission in its latest proposal to regulate virtual currency exchanges and custodian wallets (Proposal) suggests a further amendment to the 4th Anti-Money Laundering Directive (4AMLD) which may result in the creation of...

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...