EU finance ministers approve crypto legal framework

European Union states on Tuesday gave the final nod to the world's first comprehensive set of rules to regulate cryptoassets on Tuesday, piling pressure on countries such as Britain and the United States to play catch up.

"Recent events have confirmed the urgent need for imposing rules which will better protect Europeans who have invested in these assets, and prevent the misuse of crypto industry for the purposes of money laundering and financing of terrorism," said Elisabeth Svantesson, finance minister for Sweden, which holds the EU presidency.

Ministers took steps to combat tax evasion and the use of cryptoasset transfers for money laundering by making transactions easier to trace. There was also agreement on amending rules on how member countries cooperate with each other in taxation to cover transactions in crypto-assets, and on exchanging information on advance tax rulings for the wealthiest individuals.Crypto firms say they want certainty in regulation, putting pressure on countries to copy the EU rules, and on regulators to come up with global norms for cross-border activity.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

EU’s MiCA Inches Toward Law With Finance Ministers’ Sign-OffLandmark new crypto rules were signed off on Tuesday by finance ministers of the European Union (EU). The EU’s Council, which represents 27 member states, unanimously approved the Markets in Crypto Assets regulation (MiCA), making the bloc set to be the first major jurisdiction in the world with a crypto licensing regime. Clifford Chance LLP senior associate Laura Douglas discusses MiCA and its potential impact on the global crypto industry.
مصدر: CoinDesk - 🏆 291. / 63 اقرأ أكثر »

EU’s Crypto Legal Framework Inches Towards Law With Finance Ministers’ Sign-OffNEW: Finance ministers of the EUCouncil unanimously approved the Markets in Crypto Assets regulation (MiCA) and anti-money laundering rules that could make it one of the first major jurisdictions to regulate the sector. By jackschickler, iamsandali
مصدر: CoinDesk - 🏆 291. / 63 اقرأ أكثر »

EU finance ministers approve MiCA crypto regulationThe Council of the European Union votes to approve the Markets in Crypto-Assets (MiCA) regulation, bringing new laws closer to reality. Two more pieces of legislation, including regulation on information accompanying transfers of funds and certain crypto assets, were also adopted by the European Parliament in conjunction with MiCA’s adoption.
مصدر: Cointelegraph - 🏆 562. / 51 اقرأ أكثر »