news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Could the FIRST Cryptocurrency Pre Sale Altcoin of 2023 EXPLODE?

    Could the FIRST Cryptocurrency Pre Sale Altcoin of 2023 EXPLODE?

    ये Coins कर सकते बर्बाद ‼️  Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    ये Coins कर सकते बर्बाद ‼️ Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    Quant QNT Price News Today Technical Analysis – Price Now! Quant Price Prediction 2022

    Quant QNT Price News Today Technical Analysis – Price Now! Quant Price Prediction 2022

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    Gravitas: Cryptocurrency: New tool for money laundering

    Gravitas: Cryptocurrency: New tool for money laundering

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Could the FIRST Cryptocurrency Pre Sale Altcoin of 2023 EXPLODE?

    Could the FIRST Cryptocurrency Pre Sale Altcoin of 2023 EXPLODE?

    ये Coins कर सकते बर्बाद ‼️  Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    ये Coins कर सकते बर्बाद ‼️ Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    Quant QNT Price News Today Technical Analysis – Price Now! Quant Price Prediction 2022

    Quant QNT Price News Today Technical Analysis – Price Now! Quant Price Prediction 2022

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    Gravitas: Cryptocurrency: New tool for money laundering

    Gravitas: Cryptocurrency: New tool for money laundering

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

No Result
View All Result
news4global
No Result
View All Result
Home Market

EU Lawmakers to Discuss Crypto Regulation 

June 28, 2022
Reading Time: 5 mins read
0
EU Lawmakers to Discuss Crypto Regulation 
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Former employees lift curtain on troubled crypto operation in Park Falls – PBS Wisconsin

February 8, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Bitcoin bulls stumble at $23.4K as Fed's 'disinflation' sparks BTC … – Cointelegraph

February 8, 2023

This week, members of the EU Parliament and the European Commission and representatives of the member states will continue the negotiations regarding the scope of the Markets in Crypto Assets regulation (MiCA), according to CoinDesk. 

Meetings will take place on Wednesday and Thursday, a week before the EU Parliament hosts the last plenary session before the summer recess and a few days before France hands the presidency of the EU Council over to the Czech Republic. Many lawmakers, and especially the French government, which has been pushing for the adoption of MiCA during its term, will be hopeful that the parties could reach an agreement on several issues during these meetings. 

The topics to discuss about MiCa are still plenty, but talks this week are likely to focus on two issues, according to CoinDesk: how to treat non-fungible tokens (NFTs) and the private use of unhosted wallets. 

On Wednesday, EU negotiations will talk about anti-money laundering provisions in the so called “travel rule” for crypto assets. The EU Parliament approved in March a proposal that increased the information requirements that crypto asset providers will need to collect and share for each transaction, regardless of the amount transferred. There is still room for changes, if needed, as the EU parliament approved its negotiating position with the other institutions, but parliament and council could still amend the legal text. This could include the application of the travel rule to wallet providers as well as crypto exchanges, which may be part of the conversation this week. 

Ajinkya Tulpule, chief compliance officer at crypto exchange bitFlyer, told PYMNTS in an interview that the parliament decision to apply the travel rule to any crypto transaction seems excessive, but it is nonetheless likely to be approved. “A lot of exchanges have lobbied hard against it, as you can imagine, but from what I heard from a chat with an MEP recently, the majority of the MEPS are in favor of removing the threshold. So it’s not great news,” Tulpule said. 

Read more: Crypto Faces New Restrictive AML Rules From EU Parliament, Experts Say

The main issue to be resolved is how to treat transfers made to and from “unhosted wallets,” which are private means of storing crypto assets that aren’t managed by a regulated service provider. Proponents say that the final text will uphold the principle of verifying customer identity, but this approach presents challenges. Other details to discuss may be the monetary threshold that would trigger reporting, which could differ from that of other crypto exchanges, and if the details of both sender and receiver should be disclosed or only one of them. 

The second topic for EU negotiators is whether the scope of MiCA should be extended to cover NFTs, which were left out of the original draft. Yet, since then, these digital assets have grown in popularity — and so have scams involving NFTs. This kind of abusive behavior brought the attention of regulators, and in May, Mairead McGuiness, European Commissioner for financial services, already hinted at the possibility of regulating NFTs — not only at the EU level, but on a global scale. Even France, as president of the EU Council, drafted a paper considering the inclusion of NFTs in the EU regulation. 

Read more: EU May Change Crypto Regs to Include NFTs

If NFTs are included in the scope of MiCA, marketplaces like OpenSea would need to be authorized, and most of the NFT service providers would also need to register. To reduce this burden, there could be exemptions for artists who offer wallet services for their own creation and for markets with low volumes, but the general rule is that NFT providers should seek registration. 

Alternatively, and given the pressure to pass MiCA, lawmakers could leave some of these and other issues (like decentralized finance) for a second version of MiCA. “We would hope that you can also look at MiCA 2,” the European Central Bank’s Christine Lagarde told lawmakers at the European Parliament on June 20, calling for an additional law on crypto staking and lending, as well as activities where there are no intermediaries or identifiable issuers. 

——————————

NEW PYMNTS DATA: THE TAILORED SHOPPING EXPERIENCE STUDY – MAY 2022

About: PYMNTS’ survey of 2,094 consumers for The Tailored Shopping Experience report, a collaboration with Elastic Path, shows where merchants are getting it right and where they need to up their game to deliver a customized shopping experience.

Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Former employees lift curtain on troubled crypto operation in Park Falls – PBS Wisconsin

by admin
February 8, 2023
0

Former employees lift curtain on troubled crypto operation in Park Falls  PBS Wisconsin

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Bitcoin bulls stumble at $23.4K as Fed's 'disinflation' sparks BTC … – Cointelegraph

by admin
February 8, 2023
0

Bitcoin bulls stumble at $23.4K as Fed's 'disinflation' sparks BTC ...  Cointelegraph

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

SEC, FINRA Double Down on Warning of Retirement Account … – Blockworks

by admin
February 7, 2023
0

SEC, FINRA Double Down on Warning of Retirement Account ...  Blockworks

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

10 Best Crypto and NFT Podcasts for 2023 – CoinGecko Buzz

by admin
February 7, 2023
0

10 Best Crypto and NFT Podcasts for 2023  CoinGecko Buzz

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Digital bank Revolut launches crypto staking for UK and EEA customers: Report – Cointelegraph

by admin
February 6, 2023
0

Digital bank Revolut launches crypto staking for UK and EEA customers: Report  Cointelegraph

Load More
  • Trending
  • Comments
  • Latest

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Blockchain developers have taken a decentralized interest in cloud storage – will it shake up the industry? – Forkast News

February 9, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto ATM Operator Cash Cloud Files for Bankruptcy – PYMNTS.com

February 9, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Coinbase's CEO Cites 'Rumors' the SEC May Ban Crypto Staking for Retail Customers – CoinDesk

February 8, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Deutsche Bank’s DWS eyes 2 German crypto firms for investment: Report – Cointelegraph

February 8, 2023

Latest News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Blockchain developers have taken a decentralized interest in cloud storage – will it shake up the industry? – Forkast News

February 9, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto ATM Operator Cash Cloud Files for Bankruptcy – PYMNTS.com

February 9, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global