The US has already lost the 2020 crypto regulation race to Europe
When it comes to crypto regulation, the United States is falling further behind more progressive and visionary nations. 2020 has been a stellar year for the crypto economy, with more enterprises and institutions than ever before implementing the technology. Big announcements, such as PayPal’s decision to enable its users to buy and sell Bitcoin (BTC), have understandably dominated the headlines. However, pivotal regulatory developments across the globe have largely flown under the radar and arguably present even greater significance for crypto in the long term.Related: Will PayPal’s crypto....
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Last week, one of the most interesting topics of debate in the Bitcoin community was how the future of this disruptive virtual currency allegedly lies in Europe. While Europe has several things going for it as far as Bitcoin is concerned, there is no real reason why this part of the world favors Bitcoin more than anywhere else. In fact, there is a severe....
Startup Europe organized a "Blockchain and Digital Currencies Workshop" on April 27. Digital Currency Summit founder Alex Puig led the event, with the participation of Bitcoin companies and senior financial experts. Each European Union (EU) country regards Bitcoin differently, and regulations are constantly evolving. The Startup Europe initiative seems a first step to establish EU-wide coordination of national initiatives for Bitcoin regulation and government-funded research. Startup Europe aims to strengthen the business environment for web and ICT entrepreneurs so that their ideas and....
On Monday afternoon at the Money 20/20 conference in Copenhagen, a panel of industry leaders provided an update on their views of the current status of regulation in the Bitcoin and blockchain spaces in Europe. Of primary note was a statement around the short term future of digital currency regulation in Europe. Speaking on issues surrounding attention being placed on Anti-Money Laundering (AML) concerns, Monica Monaco of Trust EU Affairs made a bold yet not-surprising statement, given recent global affairs. “Brussels is paying attention”, asserted Mrs. Monaco. “There will be (European....
The president of the European Central Bank (ECB), Christine Lagarde, says crypto assets and decentralized finance (defi) have the potential to pose “real risks” to financial stability. She has some regulatory suggestions to supplement Europe’s Markets in Crypto Assets Regulation (MiCA) bill. Lagarde on Crypto Regulation ECB President Christine Lagarde talked about cryptocurrency regulation at the European Parliament’s Committee on Economic and Monetary Affairs hearing Monday. She said: We believe, as we are embarking on this work concerning crypto assets and....
In 2020, Colombia saw a major boost in crypto use, both as a store of wealth and as a means of transaction.