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EU to Ban Privacy Coins and Anonymous Crypto Accounts by 2027 Starting in 2027, anonymous cryptocurrency accounts and privacy-focused tokens will be essentially prohibited by the European Union's strict anti-money laundering legislation. The main component of a larger legislative initiative to strengthen compliance requirements for financial institutions and crypto asset service providers (CASPs) throughout the bloc is the new Anti-Money Laundering Regulation (AMLR). Banks, credit organizations, and CAS... Coinatory cryptocurrency news

Societe Generale-FORGE Launches Euro Stablecoin on Stellar As part of its growing multi-chain strategy, Societe Generale-FORGE (SG-FORGE), a regulated investment institution and subsidiary of Societe Generale Group, has introduced its EUR-backed stablecoin on the Stellar blockchain. Stellar has been selected by SG-FORGE for its most recent deployment of EUR CoinVertible (EURCV), as regulatory licenses for stablecoins that comply with Markets in Crypto-Assets (MiCA) have surged in Europe. This project... crypto news

ECB Sees Strong Potential in Conditional Digital Euro Payments According to ECB Executive Board Member Piero Cipollone, the European Central Bank (ECB) sees a lot of opportunity for conditional payments utilizing the digital euro that go beyond regular transfers. Notably, these transactions can take place on conventional ledgers and do not require blockchain technology. According to Cipollone, conditional payments are only made when certain requirements are satisfied. "The majority of today's payments ar... cryptonews today

Bullish Secures BaFin Licenses, Eyes EU Expansion Under MiCA The German subsidiary of Bullish Group, a prominent player in the digital asset trading infrastructure, Bullish DE Custody GmbH, has successfully obtained important licenses from the Federal Financial Supervisory Authority (BaFin) of Germany. The permissions, which were given on December 20, 2024, cover major brokerage services, proprietary trading, and crypto asset custody. According to a press statement from the company, these licenses allow B... crypto news today

Robinhood Launches Solana Crypto Transfers in Europe with 1% Bonus Robinhood Crypto has officially introduced Solana (SOL) crypto transfers for its European Union (EU) users, expanding its product suite in the region. Announced on October 21, the feature allows customers to transfer Solana while earning a 1% deposit bonus on transactions. This move follows Robinhood's recent launch of crypto transfers across Europe. EU users can now deposit and withdraw over 20 cryptocurrencies, including Bitcoin (BTC), Ethe... cryptocurrency news

The Financial Stability Board (FSB), which advises the G20 on all matters related to finance, has concluded that cryptocurrency could potentially destabilize global finances. This conclusion comes via a recent FSB report titled “Crypto-asset markets: Potential channels for future financial stability implications.” A press release via Coin Desk reveals the details of this report: based on the limited size of the crypto-assets market, it currently doesn’t pose any material threat to global financial stability. However, the report also states ... Read more about " Financial Stability Board Calls Cryptocurrency a Threat " on coinatory.com

The authorities of the Grand Duchy of Luxembourg, as officially called one of the smallest countries in Europe, intends to legislatively regulate the technology of blockchain. Despite the tiny size, the state fully justifies the title of "Grand Duchy": it is one of the richest countries in Europe, occupying the fourth place in the world in terms of income levels. Due to favorable conditions and an offshore zone, Luxembourg"s jurisdiction has at least 1,000 investment funds and more than 200 banks - more than in any other city in the world. ... Read more about " Luxembourg intends to impose the legal status to blockchain " on coinatory.com

One of the many questions that have become philosophical, which for a long time causes discussions in the crypto community: Will the central banks of the whole world unite and create their own regulated cryptocurrency, as a replacement for existing decentralized coins? However, this issue is unlikely to emerge from nowhere, as digital payments, according to various estimates, will reach a quantitative mark of 726 billion by 2020, as digital payment systems are rapidly gaining momentum, presenting an increasing threat to traditional cash ... Read more about " Why central banks don"t care about bitcoin? " on coinatory.com