Auto Added by WPeMatico

ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban

A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi).…

Continue ReadingECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban

Euro Reaches Parity Against the US Dollar, While the USD Index Taps a 20-Year High

Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for…

Continue ReadingEuro Reaches Parity Against the US Dollar, While the USD Index Taps a 20-Year High

Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent

The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to…

Continue ReadingEuro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent

Tax Agency Starts Checking Crypto Traders in Romania

Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the…

Continue ReadingTax Agency Starts Checking Crypto Traders in Romania

EU Makes Deal on MiCA Legislation to Regulate Crypto Markets

Representatives of key European Union (EU) institutions and member states reached an agreement on the Markets in Crypto Assets regulatory proposal. The progress in the negotiations over the comprehensive legal…

Continue ReadingEU Makes Deal on MiCA Legislation to Regulate Crypto Markets

Vladimir Putin Says West’s Attempt to ‘Crush the Russian Economy’ Did Not Succeed

Last week the Russian ruble hit a seven-year high against the U.S. dollar and while analysts have downplayed the rise, one economist said people should not “ignore the exchange rate.”…

Continue ReadingVladimir Putin Says West’s Attempt to ‘Crush the Russian Economy’ Did Not Succeed

EU Agreement Reached on Anti-money Laundering Rules for Cryptocurrencies

European institutions have reached an interim consensus on a set of EU regulations that will burden crypto companies with the obligation to help prevent money laundering, among other illicit activities…

Continue ReadingEU Agreement Reached on Anti-money Laundering Rules for Cryptocurrencies

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’

Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday,…

Continue ReadingRussian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’

Ukraine Joins European Blockchain Partnership as Observer

Ukraine has been granted observer status in the European Blockchain Partnership (EBP). Officials in Kyiv hope the move will facilitate the implementation of blockchain technologies by the Ukrainian government and…

Continue ReadingUkraine Joins European Blockchain Partnership as Observer

EU Nears Agreement on Crypto Regulations, Report Reveals

Authorities in the EU are moving closer to a deal on a legislative package tailored to comprehensively regulate the crypto market and related activities in Europe. According a media report,…

Continue ReadingEU Nears Agreement on Crypto Regulations, Report Reveals