UK Refutes EU Regulation to Monitor Unhosted Digital Wallets
Jun 22, 2022 at 08:40
The United Kingdom has declined to implement a European Union rule requiring EU governments to monitor transactions on non-hosted digital wallets. The UK preferred to monitor transactions above a certain minimum amount to ensure compliance with financial regulations.
Is it Possible to Use Cryptocurrency to Sanction Any Country
Mar 14, 2022 at 06:21
Whenever a country is sanctioned, its traditional banking institutions are the number one target. This is the same thing that happened recently with Russia when the EU, NATO, the US and many other democratic countries decided to impose tough economic sanctions for invading Ukraine. Now Washington is considering cryptocurrencies as a possible tool for sanctions against Russia.
Europe Reveles Its Digital Finance Strategy and Legislative Proposals on Cryptocurrency
Sep 27, 2020 at 07:43
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.
UK Seeks to Shape Digital Trade While Negotiating with US
Mar 16, 2020 at 14:05
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.
European Commission to Decide the Status of Libra Crypto in March 2020
Feb 23, 2020 at 06:27
Several financial authorities across the globe are finding it hard to make verdicts when it comes to Bitcoin, Libra and other digital currencies: overregulate the industry and risk losing the advantage to most businesses and the economy at large, or fail to act completely and make themselves more defenseless especially to those that intensify.