EU to vote on compulsory legalization of crypto companies
Under the new bill, all unlicensed crypto firms will have to cease their operations in Europe
31.03.2022 - 13:35
327
1 min
0
What’s new? On March 31, the EU lawmakers put to a vote a bill under which the unlicensed crypto companies will have to cease their operations in Europe. All financial institutions will also be prohibited from doing business with “non-compliant” firms, CoinDesk reports. To comply with the new regulations, the cryptocurrency companies must register as a business, as well as get approval from the local regulators.
Which companies will be affected by the new bill? CoinDesk’s source suggests that the Binance cryptocurrency exchange may face difficulties within the European Union. Bifinity, a subsidiary project, has already been warned by the UK regulator to revoke its license. The government also plans to extend the anti-money laundering law (AML) to all cryptocurrency transactions and restrict cryptocurrency transfers from the EU.
In March, the Committee on Economic and Monetary Affairs of the European Parliament (ECON) has adopted a bill on the regulation of Markets in Crypto-Assets (MiCA). The draft will next be discussed by the EU Council and the European Commission. The document did not include an amendment to ban the Proof-of-Work consensus algorithm.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$89 675
BTC
-0.83%
-
Ethereum
$3 067.96
ETH
-1.95%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.06
XRP
-5.76%
-
Dogecoin
$0.365633
DOGE
+0.8%
-
Cardano
$0.702599
ADA
-4.62%
-
Bitcoin Cash
$430.01
BCH
-6.91%
-
Polkadot
$5.39
DOT
-6.18%
-
Litecoin
$86.86
LTC
-8.49%
-
Stellar XLM
$0.198144
XLM
-9.7%