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The introduction of the digital euro is possibly planned for the third quarter of 2023.

There is an opinion that European Union (EU) countries offer more favourable conditions for running cryptocurrency businesses. That is why companies tend to choose the European market over the United States.

The European Commission (EC) approved on Thursday September 24, a digital finance package, including a retail payments plan, digital finance strategy and legislative proposals on cryptocurrency and digital resilience, for a booming European Union (EU) financial sector that gives customers access to state-of-the-art financial goods and services.

The upcoming US free trade talks have provided an opportunity for the UK’s Department for International Trade (DIT) to negotiate provisions for digital trade, which underpins the UK economy and is vital to both service and goods exporting businesses.

The California based cryptocurrency exchange Coinbase might move all digital asset accounts belonging to European users to another reliable and accredited entity operating within the EU in the event of a no-deal Brexit.

Crypto currencies such as Bitcoin, Ether, Ripple and others, facilitate money laundering activities by 4% in Europe. In June 2018, the European Union (EU) created the 5th Anti-Money Laundering Directive (AML5) to tackle these illegal activities related to virtual currencies including funding terrorism.

Fresh EU rules may be required to strongly safeguard users from cryptocurrency risks, stop money laundering and prevent diverging national regulations from forming unjust contention, European Union regulators revealed on January 9, 2019.

The European Union is planning a database that will assign every cryptocurrency wallet to its holder’s identity. After recently being hit hard by Terrorist activities, the EU believes a lot of the funding for terrorism is done anonymously through bitcoin.

Two weeks have passed since the Brexit. World markets collapsed soon after the first results of the referendum were announced and today they continue to face the pressure.