European Parliament

On April 1st, members of the European Parliament approved three draft bills to strengthen the regulation of encrypted transactions. The legislation covers money laundering and terr

On March 28th, members of the Committee on Economic Affairs and the Interior of the European Parliament voted 99 in favour, 8 against, and 5 abstentions to adopt the anti money lau

Johan Van Overtveldt, a member of the European Parliament and former Belgian finance minister, reportedly called for a ban on cryptocurrencies in the wake of banking turmoil in a tweet on Friday. Overveldt says there is another lesson to be learned from the current banking turmoil. A strict ban on cryptocurrencies is imposed, and these assets are merely speculative and have no economic or social value. If the government bans drugs, it should also ban cryptocurrencies, as the impact of the failure of the cryptocurrency friendly Silvergate and Silicon Valley banks has spread to the European market, including pushing the stock price of Credit Suisse to historical lows and forcing it to borrow $53 billion from the Swiss National Bank. Former Belgian Finance Minister: Cryptocurrency should be banned Analysis based on this information:The recent banking turmoil has caused Johan Van Overtveldt, a member of the European Parliament and former Belgian finance minister, to call for a ban on cryptocurrencies. In…

According to reports, Markus Ferber, an influential European Parliament member, said that regulators should try to prevent panic from spreading after the collapse of Silicon Valley Bank (SVB). He said that EU banking regulators should check whether European banks are vulnerable to interest rate shocks, just like the interest rate shocks that bankrupted the California bank last Friday. Members of the European Union: Regulators should try to prevent the spread of panic after the collapse of banks in Silicon Valley Analysis based on this information:In the wake of the collapse of the Silicon Valley Bank (SVB), Markus Ferber, an influential European Parliament member, has called for EU banking regulators to monitor the risks of interest rate shocks in European banks. Ferber expressed his concerns about the vulnerability and exposure of European banks to the type of interest rate shocks that led to the bankruptcy of SVB last Friday. He also emphasized the need for regulators to prevent panic from spreading…

It is reported that on Tuesday, local time, the European Parliament passed the relevant legislation of the Data Law with 500 votes in favour and 23 against. The legislation and its provisions on smart contracts are not specifically targeted at the encryption industry, but some people in the industry worry that if the scope is not clearly defined, the data law may have a far-reaching impact on encryption, especially in the area of smart contracts. It is reported that smart contracts belong to the provisions of Article 30 of the EU Data Law, namely “basic requirements for smart contracts for data sharing”. The provisions include “strict access control mechanism” and trade secret protection integrated into the design of smart contracts. It is necessary to have the possibility of terminating or interrupting the transaction mechanism, and the legislator needs to decide under what conditions it is allowed to terminate or interrupt the transaction. （The Block） The European Parliament regulates smart contracts…

It is reported that according to the latest version of EU anti-money laundering regulations, the transfer with DeFi may be classified as high-risk. After the E…

On March 3, the policy makers of the European Parliament are negotiating to amend the text of the EU Anti-money Laundering Act to emphasize that the NFT platfo…