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Crypto Exchanges Should Lose Licenses for Laundering Breaches, EU Regulators Say

The advice comes as legislators reach the closing stages of the landmark crypto MiCA law.

The EU wants to get tough on money laundering after a string of scandals. (Caspar Benson/Getty Images)

Politiche

G-7 Finance Ministers Call to Accelerate Global Crypto Regulations Following UST Collapse: Report

G-7 officials meeting in Germany want the Financial Stability Board to act more quickly, says a Reuters report.

Klaas Knot (Horacio Villalobos/Corbis/Getty Images)

Video

EU Commission Favors Ban on Large-Scale Stablecoins; Global Crypto Regulatory Body Coming Soon?

According to a document seen by CoinDesk, the European Commission is considering a ban on the widespread use of stablecoins in place of fiat currency. "The Hash" hosts discuss the details of the document and what it means for the future of EU markets and beyond. Plus, a joint body tasked with coordinating global crypto regulation is needed, according to International Organization of Securities Commissions Chair Ashley Alder. Could this become a reality?

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Politiche

EU Commission Favors Ban on Large-Scale Stablecoins, Document Shows

The tough approach, originally targeting Facebook’s now-abandoned Libra project, could see rivals to fiat currency outlawed in the bloc after certain thresholds are hit.

Packets of 100-euro banknotes (Elena Popova/Getty Images)

Politiche

How Big Is Crypto Crime, Really?

Estimates of the scale of online crime range from under 1% to nearly half of all crypto activity – CoinDesk analyzes the approach to these estimates.

(Chris Rogers/Getty Images)

Politiche

In Estonia, the Party’s Over for 'Hippie' Crypto Firms

New licensing requirements passed last year could see the country’s crypto community slashed by 90%.

Tallinn, Estonia (Pawel Toczynski/Getty Images)

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NFT Issuers Could Have to Centralize and Register Under EU's MiCA Rules, France Warns

The EU bill would also tackle decentralized finance and bitcoin's energy use.

European Union flag (Håkan Dahlström/Getty)

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Top EU Official Calls for Global Crypto Agreement

Europe and the U.S. should work together to limit "significant risks" to investors and the environment, Mairead McGuinness said.

EU financial-services commissioner Mairead McGuinness (Alexandros Michailidis/SOOC/Bloomberg/Getty Images)

Politiche

Banks Don’t Need Extra Crypto Protections Yet, EU Regulator Says

The European Banking Authority said it will start work this year to map out crypto activities and spot new financial risks.

(HarriesAD/Getty Images)

Politiche

Belgian Registration for New Crypto Firms Kicks In on Sunday

Existing exchange providers have until June 1 to notify under the anti-money laundering law

Brussels, Belgium (Allan Baxter/Getty Images)