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.
Mark Cuban, the billionaire entrepreneur, expressed concerns about SEC Chairman Gary Gensler’s regulatory approach, claiming it could have prevented the collapses of FTX and Three Arrows Capital (3AC).
Coinbase is set to remove all stablecoins that fail to meet regulatory standards in the European Economic Area (EEA) by the end of the year as part of its compliance with tightening EU regulations.
The International Monetary Fund (IMF) has once again turned its attention to El Salvador, urging the nation to enhance its regulatory framework regarding Bitcoin.
Turkish investors are closely monitoring the topic of cryptocurrency taxation, but Treasury and Finance Minister Mehmet Şimşek has made it clear that taxes on stocks and cryptocurrencies are not currently under consideration.