The European Banking Authority (EBA) is extending its Travel Rules guidelines to include crypto service providers and their intermediaries, effective December 30 under Regulation (EU) 2023/1113.
This requires crypto exchanges in the EU to report information on fund and crypto asset transfers, aligning them with the EU’s Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) framework as defined by the Markets in Crypto-Assets Regulation (MiCA).
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Additionally, the Cardano Foundation has introduced sustainability indicators for the Cardano network, complying with MiCA regulations, emphasizing energy efficiency and reduced carbon footprint.
Cryptocurrency exchange Gemini has announced the launch of tokenized MicroStrategy (MSTR) stock for customers in the European Union, enabling onchain access to one of the most prominent Bitcoin-related equities.
Turkey is preparing to roll out a series of strict crypto regulations aimed at curbing financial crimes tied to illegal gambling and online fraud, according to new comments from Finance Minister Mehmet Simsek.
Japan is preparing to dramatically reshape its cryptocurrency regulations, with officials drafting a proposal that would reclassify digital assets and streamline their tax treatment.
In a significant policy shift, the U.S. Federal Reserve has quietly removed reputational risk as a factor in evaluating banks, a move that could make it easier for financial institutions to offer cryptocurrency services without fear of regulatory backlash.