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Brussels Wants All Crypto Service Providers to Report Transactions of Europeans

Brussels Wants All Crypto Service Providers to Report Transactions of EuropeansThe European Commission has set out to oblige platforms processing crypto transactions for EU residents to share information with tax authorities in the Union. According to the proposal, all crypto service providers, regardless of where they are based, will have to abide by the new rules. EU to Consider New Reporting Requirements for Crypto Platforms […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

Brussels Set to Begin Talks on EU Crypto Tax, Report Reveals

Brussels Set to Begin Talks on EU Crypto Tax, Report RevealsThe European Commission is preparing to discuss with member states the adoption of a common tax regime for crypto assets, European officials have indicated. The talks with national treasuries are expected to start next year with the aim to end the differentiated tax treatment of cryptocurrencies across the bloc’s 27 jurisdictions. European Union to Consider […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight Evasion

European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight EvasionMembers of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has been approved by a large majority which also wants small crypto traders to enjoy a simpler tax regime. European Parliament Adopts Framework for Uniform Taxation […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

Europe’s MiCA Crypto Rules Submitted, ECON Committee to Vote in Mid-March

Europe’s MiCA Crypto Rules Submitted, ECON Committee to Vote in Mid-MarchThe European Union’s regulatory proposal for crypto markets, MiCA, has been filed with the European Parliament. The latest version of the draft framework does not feature a controversial provision that could have effectively prohibited cryptocurrencies like bitcoin that rely on proof-of-work mining. Economic and Monetary Affairs Committee to Vote on Latest MiCA Draft on March […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation

Proof-of-Work Ban Removed From Europe’s Proposed Crypto RegulationA text threatening to prohibit cryptocurrencies relying on energy-intensive proof-of-work mining has been deleted from the draft legislation aimed at regulating the European crypto space. The move comes after the controversial provision sparked objections from the crypto community. MiCA Proposal Drops Ban on Proof-of-Work Coins Wording that could have banned cryptocurrencies with proof-of-work (PoW) mining, […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils

EU Members Want to Task New AML Watchdog With Crypto Oversight, Report UnveilsA 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 […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

European Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next Year

European Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next YearThe executive arm of the EU is gearing up to start public consultations on the digital euro project next month. The European Commission will also prepare new legislation to establish the legal basis for the digital version of the common European fiat. A draft is expected in 2023. EU Finance Chief Announces Legislative Plan for […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

EU Mulls AML Authority and New Rules for Crypto Transfers, Documents Suggest

EU Mulls AML Authority and New Rules for Crypto Transfers, Documents SuggestThe European Union is preparing to set up an anti-money laundering agency to coordinate national supervisory authorities. According to a media report based on EU documents, the bloc also plans to impose new rules to increase transparency for cryptocurrency transfers. Europe Steps Up Anti-Money Laundering Efforts on Union Level In response to calls for enforcement […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern