On June 22nd, 2022, the European Union (EU) — wide Regulation on a Pilot Regime for market infrastructures based on distributed ledger technology (DLT Pilot Regime) came into force, applying from March 23rd, 2023. This Regulation is part of the EU Digital Finance Package introduced by the European Commission in 2020 and forms within this Package together with the Regulation of …
According to a press release from the Council of the European Union (EU), dated June 29th 2022, negotiators from the Council presidency and the European Parliament have reached a provisional agreement on a proposal aiming to update the rules on information accompanying the transfers of funds – after three months of negotiations. This proposal is part …
Crypto based assets are one of the major applications of the blockchain technology in finance and gain rapid popularity globally. As a reaction to this development, numerous countries are undertaking efforts to bring crypto based assets into their respective regulatory realms and to provide legislations to boost their potential and mitigate risks, such as cyber …
An introduction to the Regulation of Markets in Crypto-Assets (MiCa) Read More »
On 31. March 2022, European Union lawmakers, through two committees in the European Parliament, jointly voted in favour of introducing a new tracing rule for crypto transfers which originates from the FATF (Financial Action Task Force) Travel Rule first proposed in 2019 — yet going one step further. The FATF Travel Rule is an extension of the …
How the EU Parliament addresses new crypto tracing laws Read More »