european commission

EU Regulators Target Libra. Is Facebook’s Crypto Project Worth the Effort?

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By CCN Markets: Weeks after various jurisdictions around the world expressed concerns over Facebook’s Libra project, it is now the turn of EU authorities to push back against the social media giant’s plans. According to Reuters, EU antitrust regulators could be looking to formally investigate Facebook’s Libra cryptocurrency in the near future. The regulators have […]

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EU Commission Proposes Central Database Record of Bitcoin Users

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The European Commission – the executive arm of the European Union – has proposed a directive aimed preventing the use the financial system for terrorist financing which includes a central database for bitcoin and virtual currency users’ identities and wallet addresses accessible to government financial intelligence units (FIUs).   The proposal seeks to require member states […]

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Bitcoin Sees Strict Rule Proposals by the European Commission

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In a proposal today, the European Commission – the executive arm of the European Union – sought stricter rules on the use of virtual currencies like bitcoin. Citing reasons of terrorism and money laundering, the European Commission has proposed stricter rules for the use of virtual currencies, an official press release revealed today. The changes […]

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Bitcoin Due to Get a Watchdog, via the European Union

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The European Parliament has voted in a non-binding resolution today which approved a proposal for a taskforce looking into virtual currencies like bitcoin and blockchain technology. A proposal from late February, which sought to form a bitcoin- and blockchain-centric taskforce overseen by the European Commission, the executive arm of the European Union, was approved by […]

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Bitcoin & Blockchain Could Reform European Union Payment Laws

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In its final report on virtual currencies and distributed ledger technology concerning the likes of bitcoin and blockchain tech, the European Parliament’s Committee on Economic and Monetary Affairs has spoken about the possibility of revising existing EU payment laws, due to the innovations afforded by virtual currencies and blockchain technology. The European Parliament’s Committee on […]

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R3’s Tim Swanson: A Public Blockchain Has Settlement Risks

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Are public blockchains really a viable option for guaranteeing settlement finality for financial instruments? Tim Swanson, director of market research at R3, claims public blockchains by design cannot definitively guarantee settlement finality. For this reason, he says they are not presently a reliable option for clearing and settling financial instruments. Swanson aired his views on […]

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Bitcoin Email Payment Comes To Europe

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Bitwala, the Netherlands-based bitcoin payment service, has introduced a bitcoin email payment service called EmailPay. Registered users only need an email address to send a bitcoin payment using the service. Bitwala, which debuted about three months ago, settles payments in EUR in the European Commission’s Single Euro Payments Area (SEPA). To pay using EmailPay, the user only needs the email address of the recipient and the amount of money they wish to send. Users have to pay Bitwala’s 0.5 percent transaction fee. They can send payments up to whatever amount they are authorized. Fully-registered Bitwala users can transfer up to […]

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