New Restrictions on Anonymous Crypto and Cash Transactions Approved by EU Officials

March 24, 2024 The Daily Hodl

European Union (EU) officials are greenlighting new restrictions on anonymous transactions that involve crypto assets and cash. Reporting on the social media platform X, Patrick Breyer, a German member of the EU Parliament, says that EU officials are banning cash payments over €10,000 ($10,862), anonymous cash payments over €3,000 ($3,258), and crypto payments to hosted […]

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Bitcoin Likely To Explode To Up to 0,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

EU Anti-Money Laundering Laws Ban Provision of Services for Anonymous Cryptocurrency Accounts

March 24, 2024 Bitcoin.com

anonymous crypto asset accounts

A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for the “prevention of the use of the financial system for the purposes of money laundering or terrorist financing” alleges these assets present “risks of misuse […]

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

EU To Investigate Links Between Banks and Non-Bank Entities, Including Crypto Firms: Report

January 4, 2024 The Daily Hodl

Banks

Regulators in the European Union will reportedly probe into the connection between banks and non-bank financial institutions (NBFIs) amid concerns that stress in the so-called shadow banks may cascade into the wider financial system. According to a new report from Financial Times, European Banking Authority (EBA) chair José Manuel Campa says that regulators will ramp […]

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Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

USDC Issuer Circle Secures ‘Conditional’ Registration To Operate in France After Coinbase Receives Green Light

December 22, 2023 The Daily Hodl

Blockchain

Financial markets regulators in France just granted USDC stablecoin issuer Circle a conditional registration as a Digital Asset Service Provider (DASP). The French Financial Markets Authority (AMF) requires DASPs to register to operate as a crypto trading platform or to provide services related to digital asset custody, buying and selling of cryptocurrencies in a legal […]

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Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

EU Commission targets X over ‘dissemination of illegal content’

December 18, 2023 Coin Telegraph

Coin Telegraph

X owner Elon Musk told advertisers to “go f--- yourself” on Nov. 29 after many left the social media platform in response to antisemitic content and a report on hate speech.

The European Commission said it had opened formal proceedings to investigate X — formerly Twitter — over content related to the terrorist group Hamas’ attacks against Israel.

In a Dec. 18 notice, the commission said it planned to assess whether X violated the Digital Services Act for its response to misinformation and illegal content on the platform. According to the government body, X was under investigation for the effectiveness of its Community Notes — comments added to specific tweets aimed at providing context — as well as policies “mitigating risks to civic discourse and electoral processes.”

“The opening of formal proceedings empowers the Commission to take further enforcement steps, such as interim measures, and non-compliance decisions,” said the notice. “The Commission is also empowered to accept any commitment made by X to remedy on the matters subject to the proceeding.”

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

CZ must stay, Do Kwon to be extradited: Law Decoded

December 11, 2023 Coin Telegraph

Binance

A Seattle district court ruled out CZ’s departure to the UAE, and the Montenegrin justice minister plans to grant the United States request for Do Kwon’s extradition.

Binance founder Changpeng “CZ” Zhao has been ordered to stay in the United States until his sentencing in February 2024, with a federal judge determining there’s too much of a flight risk if the former exchange CEO is allowed to return to the United Arab Emirates. Seattle district court Judge Richard Jones wrote in his order:

“The defendant has enormous wealth and property abroad, and no ties to the United States [...] His family resides in the UAE and it appears that he has favored status in the UAE. Under these circumstances, the Court finds that the defendant has not established by clear and convincing evidence that he is not likely to flee if he returns to the UAE.”

Jones accepted Zhao’s guilty plea to one count of Bank Secrecy Act violations, which the Binance founder submitted over two weeks ago on Nov. 21 alongside a $4.3 billion settlement with U.S. agencies. Now, the ex-CEO of Binance faces up to 18 months in prison.

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

French startup Mistral AI closes $415M funding round

December 11, 2023 Coin Telegraph

French startup Mistral AI closes 5M funding round

Coin Telegraph

The French artificial intelligence startup Mistral AI closed a funding round worth around $415 million as it strives to be the EU’s rival to OpenAI and accelerates the EU AI race.

French artificial intelligence (AI) startup Mistral AI has announced it raised €385 million ($415 million) in its latest funding round to develop its technology and open-source software.

Andreessen Horowitz and the company’s initial backers, Lightspeed Ventures, led the round, which closed on Dec. 11. This follows a previous funding round in June where Mistral raised $113 million in seed funding. The company is currently valued at around $2 billion.

Mistral AI focuses on open-source technology for generative AI tools, chatbot development and customizable features. It aims to make its products available to the general public in early 2024.

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

EU officials reach ‘historic’ AI regulation deal

December 9, 2023 Coin Telegraph

Coin Telegraph

The agreement mandates models like ChatGPT and general AI to follow transparency rules before market entry.

The EU Parliament and Council negotiators reached a provisional agreement on the rules governing the use of artificial intelligence on Friday, Dec 8.

The agreement covers the governmental use of AI in biometric surveillance, how to regulate AI systems such as ChatGPT, and the transparency rules to follow before market entry. This covers technical documents, adherence to EU copyright, and sharing training content summaries.

The EU wants to be the first supranational authority with laws on AI, specifying how it is to be used beneficially while protecting against risks. The deal was struck following a near 24-hour debate on Dec. 8 and 15 hours of negotiations thereafter.

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

Retail Trading Giant Robinhood Rolls Out Crypto App to Customers in the European Union

December 8, 2023 The Daily Hodl

crypto trading

Robinhood is expanding its crypto trading services to the European Union (EU) with the launch of a new app that enables customers in the region to buy and sell 26 cryptocurrencies. In a statement, the retail trading titan says that the Robinhood Crypto app has the lowest cost on average in the EU based on […]

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Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

Robinhood launches crypto trading services in Europe

December 7, 2023 Coin Telegraph

Coin Telegraph

All eligible customers in the EU region can access Robinhood crypto for crypto trading services, with over 25 cryptocurrencies available for trade.

Trading and brokerage firm Robinhood announced the launch of its crypto services for all eligible European Union customers on 7 December. The platform will allow traders to buy and sell more than 25 cryptocurrencies.

Robinhood’s entry into the European crypto market comes just a week after the firm launched its stock trading application in the United Kingdom.

Cointelegraph contacted Oliver McIntosh, senior product communications manager at Robinhood, to understand the firm’s crypto focus and expansion plans in Europe. Mcintosh said that the EU is the right market to anchor our international expansion plans, and Robinhood “welcomes the approach that the EU has taken in creating the world’s first comprehensive regime for crypto assets via the Market in Crypto-assets Regulation (MiCA).”

European Union

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