Why EBA Proposals Would Set an Absurd Precedent for Bitcoin Startups
The EBA's new proposals for digital currency could make starting a bitcoin exchange more onerous than opening a bank, argues lawyer Adam Vaziri.
Two top European finance regulators, the EBA and the ESMA, have separately said today that cryptocurrency and ICO rules are needed at the EU level.
One European lawmaker wants to standardize ICO regulations, thereby making it easier for projects to raise funding across the EU.
Bottle Pay is shutting down, citing the EU's new AML rules, which could compel crypto wallet providers to collect KYC info from users starting next month.
The bank wants to use ethereum as a notary, but regulators discourage holding even the tiny bit of ether needed to put data on the public blockchain.
The European Banking Authority published a report to raise public awareness of the benefits and risks associated with the use of DLT in finance.