Portugal’s most popular football club has become the first of its kind to accept cryptocurrency payments after announcing its partnership with the UTRUST payment platform. S.L. Benfica is the first major football club in Europe to allow the purchase of…
Tag: Europe
The Hidden Effects of Crypto Money Laundering Rules
Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for the institutional market with news and views on crypto infrastructure delivered…
Germany Seeking Industry Feedback for National Blockchain Strategy
The German government is seeking industry feedback ahead of developing the country’s blockchain strategy by the summer. A Reuters report on Monday, citing anonymous government sources, said that companies and industry groups “that could become stakeholders in a blockchain deployment…
EU Markets Regulator Budgets €1.1 Million to Monitor Cryptos, Fintech
The EU’s financial markets watchdog has revealed that it is setting aside over €1 million in order to monitor cryptocurrencies and other fintech activities during 2019. As revealed in its 2019 Annual Work Programme – dated September 26 but released today –…
Ukrainian Parliament Proposes Taxing Crypto-Related Profits
The Ukrainian parliament wants to begin taxing residents’ cryptocurrency-related profits. Lawmakers proposed implementing a 5 percent tax on any cryptocurrency-related profits individuals and commercial entities see. These profits must be reported separately from other forms of income as well, according…
Think Tank Report Argues for Standardized Crypto Rules Within EU
A Belgium-based think tank is arguing that the EU should create a single standard for cryptocurrency rules in a report sent to finance ministers within the economic bloc. Bruegel, based in Brussels, the Belgian capitol, believes that the EU needs…
Lithuania Issues Guidelines for When ICO Tokens Are Securities
Lithuania’s Ministry of Finance has issued guidelines on initial coin offerings (ICOs), outlining when cryptographic tokens would be viewed as securities and how each aspect of a token sale should be regulated by different laws in the country. According to…
Russian Court Overturns 2016 Cryptocurrency Media Ban
A city court in St. Petersburg, Russia, has overturned a decision made by a district court in 2016 that effectively blocked cryptocurrency media site bitcoininfo.ru for the country’s inhabitants. The decision came about after the court received an order from…
UK Government Minister Calls for ‘Proportionate’ Crypto Rules
The U.K.’s City Minister, John Glen, told reporters at the Treasury’s International Fintech conference on Thursday that “proportionate” regulations could give the local cryptocurrency industry a significant boost. In his comments, Glen said the government is still “engaged in trying…
French Regulator Says No to Online Crypto Derivatives Ads
France’s stock market regulator released a statement about cryptocurrency-tied derivatives on Thursday, which includes a curb on the advertising of such products. In its statement, L’Autorite Des Marches Financiers (AMF) said that trading platforms should not be allowed to market…