EU to see comprehensive crypto regulation by 2024

September 18, 2020
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Crypto continues its trek into the mainstream.

EU to see comprehensive crypto regulation by 2024

The European Union, or EU, plans to incorporate crypto and blockchain technology into its main processes by 2024.

Over the next four years, the economic union aims to firm up fresh regulations that will promote blockchain and digital asset usage for international money transfers, according to details from internal documents that Reuters published Friday.

The documents detailed:

“By 2024, the EU should put in place a comprehensive framework enabling the uptake of distributed ledger technology (DLT) and crypto-assets in the financial sector […] It should also address the risks associated with these technologies.”

'You don't have to win to become president,' crypto venture capitalist Brock Pierce said in an exclusive interview with Cointelegraph. Crypto venture capitalist and independent candidate for President Brock Pierce says he doesn’t think he’ll win the 2020 election — but has revealed how he plans to end up in the White House anyway.The presidential…

Report: French Gaming Giant Ubisoft Considering Potential Blockchain Applications

French video gaming giant Ubisoft is allegedly exploring potential blockchain applications in gaming as a strategy to gain a more competitive edge in the industry. The news was reported by daily French financial newspaper Les Échos on June 11.Per Les Échos, Ubisoft has been quietly exploring blockchain applications for several months, and has allegedly already…

Cointelegraph Feed

Khamzat Chimaev ‘wasn’t involved’ with SMASH memecoin — Manager

The UFC fighter’s manager, Majdi Shammas, said his client did not make the decision to promote the coin and the deal only allowed for a single promotional video.

Nigeria’s central bank greenlights cNGN stablecoin to launch in February

The Africa Stablecoin Consortium said the cNGN stablecoin complies with the regulatory requirements and standards of the Central Bank of Nigeria and the Nigerian SEC. 1115 Total views 12 Total shares The Central Bank of Nigeria (CBN) has approved the Africa Stablecoin Consortium (ASC) to pilot the cNGN stablecoin in its regulatory sandbox. The new

Fed Chair Says Agency Monitoring Crypto But Not Developing Its Own

Chairman of the United States Federal Reserve Jerome Powell said that the United States Federal Reserve is monitoring digital currencies carefully, but not working on its own at the moment.Speaking at a forum in Zurich, Switzerland, on Sept. 6, Powell addressed the issue of cryptocurrencies, arguing that central banks would likely will not release their…

Cointelegraph Feed

9 of the weirdest crypto projects, from Dentacoin to Cthulu

Crypto is full of odd people who have put some of their eccentricity into the crypto projects they develop.

Aliant to Pay Part of Employees’ Compensation Packages in Bitcoin

United States merchant services provider and payment processing firm Aliant Payments will be paying each of its employees part of their compensation package in cryptocurrency. In a press release on Oct. 16, Aliant said that the offer reflected a desire that employees become invested customers in the shift to digital currency.Aliant’s evolving crypto payments processing solutionAliant…

Cointelegraph Feed

Uniswap cites Chevron in another urge for SEC to drop bid to rule over DeFi

Uniswap Labs argues the SEC’s proposed legal amendments to give it power over DeFi are being made against “a legal backdrop that no longer exists.”

CFTC commissioner visits Ripple offices as decision in SEC case looms

The outcome of the SEC v. Ripple lawsuit could influence whether the CFTC or SEC will play a greater role in handling the XRP token as a commodity or security. Caroline Pham, one of five commissioners at the United States Commodity Futures Trading Commission, or CFTC, met with Ripple CEO Brad Garlinghouse ahead of a…

Share this: