Archive | eu

Europe: Crypto and Blockchain News Roundup, 1st to 7th June 2018

Europe Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. Poland Government rules crypto exchanges still legal: According to latest reports from Poland, the top financial authority in the country Polish Financial Supervision ‎Authority (KNF) […]

Blockchain Compatibility with GDPR’s ‘Right to be Forgotten’

The EU’s new General Data Protection Regulation (GDPR) policies place an emphasis on the ”right to be forgotten”, meaning that at any time an organization should be able to delete users’ personal data at their request. With immutable, decentralized blockchain technology, the question arises as to how blockchain projects will be able to comply with […]

Two Thirds of US, EU Crypto Exchanges Fail to Verify Customer Identities

Analyst P.A.ID Strategies has revealed the results of research into the on-boarding practices of cryptocurrency wallets and exchanges across the U.S. and Europe, research that focused on which of these crypto service providers are using Know Your Customer (KYC) checks when on-boarding customers. These companies might have to change their protocols when the EU’s anti money… […]

EU Terrorist Funding Study: Crypto No Greater Threat Than Traditional Currency, Increased Regulations Required

In a study published Monday, the EU parliamentary think tank has concluded that cryptocurrencies present no more of a threat to terrorist financing than fiat currencies, while improved regulations, industry intelligence, and community relationship building offer the strongest policy actions to combat the threat. The report was commissioned by the European Parliament’s Policy Department for Citizens’ […]

GDPR Day 1: Apprehension, Nonchalance Dominate Mood of Crypto SMEs

As the first day of Global Data Protection Regulation (GDPR) implementation comes to a close, smaller business owners and investors active within the cryptocurrency scene find themselves coming to terms with a new period of crypto-related commerce, trade and enterprise. Along with recent EU AML directives now encompassing cryptocurrency, some have expressed lingering concerns on […]

Small Business Boost from EU Blockchain Committee

Members of a European Parliament committee voted on Wednesday to recommend that small businesses look into blockchain payment systems. The positive news was reported recently by one of the leading crypto news sites. The EU Commission’s Industry, Research, and Energy Committee specifically suggested non-monetary uses for the technology, specifying data controls and supply chain management in […]

New KYC Regulations in EU Validate Crypto Trading

In an effort to prevent financial transgressions, the European Union now requires cryptocurrency exchanges to apply know-your-customer (KYC) policies, similar to that required by traditional banks in a move beneficial to the legitimacy of cryptocurrency trading. Crypto crime prevention The anonymity surrounding cryptocurrency trading is viewed by many as an enabler of fraudulent activities, money laundering, and terrorist financing. As […]