Shaurya Malwa · 3 hours ago · 2 min read
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Read the latest › Regulation
Shaurya Malwa · 2 days ago · 2 min read · Insights via ConsenSys
Shaurya Malwa · 2 weeks ago · 2 min read
The upcoming fifth Anti-Money Laundering Directive (AMLD5) within the European Union (EU) has already spelled the end for smaller crypto firms on the continent.
In order to curb the use of cryptocurrencies for malicious activities such as money laundering and the funding of terrorism, the central bank of Netherlands, De Nederlandsche Bank (DNB), has decided that it would be issuing licenses to cryptocurrency service providers.
Multiple Amsterdam businesses received emails threatening them with hand grenades or shootings if they do not pay €50,000 in bitcoins to the sender, the NLTimes reported on October 31.
Following news of Bitmain and Canaan IPO filings in Hong Kong, Europe looks set to record its own first major crypto IPO, as blockchain infrastructure provider Bitfury is reportedly considering plans to list publicly in London, Amsterdam or Hong Kong.
Abra, an all-in-one crypto wallet and exchange, has revealed its support for Single Euro Payment Area (SEPA) bank accounts, which will allow those living in the SEPA zone, including 28 EU nations, to make direct transfers from European banks to Abra wallets.
In what is being perceived as a landmark judgment, a Dutch court has recently ruled in favor of an applicant who was owed 0.591 BTC by a private company about a crypto mining dispute.
In a detailed letter to the Dutch Parliament, finance minister Wopke Hoekstra has called for a concerted effort to regulate cryptocurrencies within the European Union so as to bridge the many gaps that currently exist within their financial ecosystem.