Why MiCA Is Overly Burdensome Regulation for Ukraine's Crypto Industry

As a European Union's candidate member, Ukraine is set to adopt the EU's landmark Markets in Crypto Assets Regulation (MiCA). But the law's requirements may become too strict for the country’s blockchain future, says Ukraine's deputy minister of digital transformation.

• 2023-08-02
• Ukraine Ukraine the European Union EU member countries crypto assets national legislation MiCA

First Mover Americas: Crypto Funds See Largest Inflow in a Year

The latest price moves in bitcoin (BTC) and crypto markets in context for June 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

• 2023-06-27
• the European Parliament The European Union Economic and Monetary Affairs Committee European Commission OKX Google Cloud Platform

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

Norway should move faster on crypto rules, central bank says

Norwegian authorities should move to establish a national regulatory framework for cryptoassets and not wait for European legislation to come into effect, Norway's central bank said on Thursday. This would include for example assessing how risk associated with decentralised finance should be managed until a common European regulatory framework is in place, Norges Bank said.

• 2023-05-25
• Norway international regulatory Norwegian authorities regulatory framework central bank international regulatory framework European legislation The European Union European Free Trade Association

Crypto rules get final approval to make Europe a global leader on regulation

The European Union's sweeping set of beefed-up cryptocurrency rules got final approval from member states Tuesday, giving the 27-nation bloc a global lead in regulating the freewheeling sector. The European Council adopted the package of rules — known as Markets in Crypto Assets, or MiCA — in the final step of the bloc's legislative process. European Parliament lawmakers endorsed the rules in April, and they're expected to start taking effect in phases starting in July 2024.

• 2023-05-16
• European Council European Parliament The European Union final approval Crypto Assets digital assets

EU Crypto Tax Plans Include NFTs, Foreign Companies, Draft Text Shows

Laws set to be agreed next week would require crypto companies to register with tax authorities, even if they’re based outside the bloc or offering non-fungible tokens.

• 2023-05-12
• tax authorities freedom of information laws CoinDesk The European Union

With MiCA Past the Finish Line, UK's Crypto Industry Calls for Rules of Its Own

The finalization of the landmark law puts “significant pressure” on the U.K. to deliver its own crypto rules, one industry group said.

• 2023-04-22
• MiCA The European Union crypto rules

After Landmark Crypto Law, European Politicians Contemplate Building Their Own Blockchain

‘Europeum’ could safeguard values like privacy, digital minister Mathieu Michel told CoinDesk, as he seeks to make Belgium a blockchain hub

• 2023-03-13
• Mathieu Michel Belgium European politicians European standards the European Union blockchain