EU Seals Deal on Crypto Bank-Capital Rules

Lawmakers have previously favored ‘prohibitive’ capital requirements to keep unbacked crypto assets out of the banking system

• 2023-06-27
• European Commission The European Union member states European Parliament Economic and Monetary Affairs committee political deal national governments Basel Committee on Banking Supervision crypto

Instagram, YouTube, TikTok, Twitter target of EU crypto advertising complaint

Meta Platforms' Instagram, Alphabet's YouTube, TikTok and Twitter could face regulatory action after European consumer group BEUC complained to the European Commission and consumer authorities that the online platforms allegedly facilitate the misleading promotion of crypto assets. U.S. regulators suing crypto platforms Coinbase and Binance, along with last year's collapse of FTX, have sparked concerns over consumer protection related to crypto assets such as bitcoin and ether. The European Un

• 2023-06-08
• European Commission TikTok Twitter YouTube crypto assets BEUC social media platforms European Union misleading advertisements Consumer Protection Cooperation Network Instagram

Restrictive Crypto Rules for EU Banks Confirmed in Published Legal Draft

Banks in the European Union would have to treat crypto as the riskiest kind of asset and disclose exposures while awaiting more detailed rules.

• 2023-02-13
• European Commission digital assets crypto assets European Parliament Basel Committee on Banking Supervision financial stability