European Union discusses using zero-knowledge proofs for digital IDs
The proposition to use zero-knowledge proofs was approved by the EU Committee and may become part of the updated legislation.
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The proposition to use zero-knowledge proofs was approved by the EU Committee and may become part of the updated legislation.
The sandbox will match up public and private sector projects with the appropriate participating regulators for assessments and consultations.
The proposed rule change, putting crypto at one of the highest risk ratings at financial institutions, could go into effect until December 2024.
It isn’t clear whether a 25-year-old European Union law means you should be allowed to get refunds on your NFTs.
Banks could be required to hold a “risk-weighted exposure amount” of up to 1,250% of capital based on exposure to crypto if the full parliament passes the measures.
The final vote was delayed due to issues in the translation of the 400-page legal document.
Europol and Eurojust, two EU agencies for law enforcement cooperation, joined authorities from Bulgaria, Cyprus, Germany and Serbia to investigate online investment fraud since June 2022.
The Bank of France’s head said turmoil in the crypto markets proves the need to move to a mandatory licensing scheme for crypto firms "as soon as possible."
While regulations were once seen as hurdles to crypto adoption, they are now perceived as the fastest way to attain global mainstream adoption.
The European Union has its regulatory framework, while the race is only kicking off in the United States.