#EU News

Victims of Crypto Crimes Demand $10 Billion Compensation from the EU

June 4, 2019 by Ashwath Balakrishnan at Regulation

Victims of cryptocurrency frauds and scams from over 30 countries have filed a joint lawsuit under Dr. Jonathan Levy of Berlad Graham LLP. The cumulative loss for all parties amounts to $16.8 million, yet the primary claim is a $10 billion compensation fund for victims of such attacks, as reported...

European Bitcoin Brokerage Bitpanda Receives EU Payment Service Provider License

April 7, 2019 by Osato Avan-Nomayo at Bitcoin, Business, Finance, News, Regulation

Bitpanda, the Vienna-based Bitcoin broker, has received the Payments Services Directive 2 (PSD2) license from Austrian financial regulators in accordance with European law. The license allows the company to offer more financial products and services that bridge the gap between the emerging digital assets landscape and mainstream financial markets. Austrian...

Here’s How Brexit Could Propel the Irish Blockchain Ecosystem

March 24, 2019 by Aisshwarya Tiwari at Blockchain, Business, News, Tech

According to a report by Irish Tech News published March 23, 2019, Blockchain Ireland, the body that aims to foster the development of the local blockchain ecosystem in Ireland, has officially launched Blockchain Ireland Week in the cities of Dublin, Cork, Sligo, and Galway. Blockchain Ireland Week to Span from...

Coinbase: BTC Withdrawals to PayPal for EU Nations

February 7, 2019 by Pratik Makadiya at Bitcoin, Business, Finance

On February 5, Cryptocurrency exchange Coinbase announced that it was extending support for PayPal withdrawals to all their customers in the European Union as well as European Free Trade Association countries. The latter would include countries such as Iceland, Norway, Switzerland and Liechtenstein. PayPal Withdrawals in the UK The news...

European Banking Authority (EBA) Urges the European Commission to Carry out Further Studies on Cryptos

January 10, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Business, Finance, News, Regulation

The European Banking Authority (EBA) has published the report of its assessment concerning the suitability and applicability of existing financial laws to cryptoassets. The body has made it clear that the European Union Commission needs to study the blockchain space extensively to enable it to formulate robust laws capable of...

Bitcoin Loses One-Third of its Value to Reach Twelve-Month Low: BTCManager’s Week in Review Nov 26

November 26, 2018 by Alex Lielacher at Altcoins, Bitcoin, Blockchain, Finance, News, Platform, Tech

The price of bitcoin crashed by a staggering 33 percent in the last seven days after uncertainty sparked by the bitcoin cash “hash war” reminded markets in the prior week how volatility cryptoassets still are. Bitcoin dropped from $5,600 on Monday morning to around $3,750 by Sunday afternoon, to reach...

Report: E.U. Finance Ministers Meeting Suggests Common Cryptocurrency Rules

September 7, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Exchange, Investment, News, Regulation, Tech

According to a September 5, 2018 report in Reuters, a new report prepared for the upcoming E.U. Finance ministers meeting recommends that the member state’s of the world’s largest free trade area should adopt a common set of rules on regulating cryptocurrencies. The report proposes a common framework to examine...

France to Lead Blockchain Revolution: Aims to Regulate ICOs

ConsenSys Is Bringing Together Blockchain Enthusiasts from over 50 Countries

July 16, 2018 by Rahul Nambiampurath at Altcoins, Blockchain, Development, Ethereum, News, Tech

ConsenSys has been building a global network of technology experts and entrepreneurs who are developing products for a decentralized world. The Brooklyn based blockchain software company was founded by Joseph Lubin in October 2014 and has since expanded its operations to several other countries with offices in London, Dublin, and...

Michael DuBose: The U.S. Must Emulate Europe’s Lead on Cryptocurrency Regulations

July 16, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Crime, News, Regulation, Tech

While the European Union (EU) has taken more proactive steps to regulate the region’s cryptocurrency industry, the United States seems to be dragging its feet in the matter. Following Europe Now, a keen industry observer, Michael DuBose, the former chief of Computer Crime and Intellectual Property Section (CCIPS) at the...

EU’s Fifth Anti-Money Laundering Directive Enters into Force

July 13, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Strengthened EU rules to prevent money laundering and fight terrorism financing entered into force on July 9, 2018. What is this Directive exactly? The rules, gathered under the title the "Fifth Anti-Money Laundering Directive," were first published in the EU's Official Journal. The new regulations aim to bring more transparency...

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