VRB News
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
VRB News
No Result
View All Result
Home IT news

Bitcoin ban in the EU is back to Derbatte

admin by admin
June 21, 2022
in IT news
0
europa-flaggen, die vor einem gebäude wehen
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

European Bitcoin ban not off the table, right?

The uncertainties surrounding the European crypto regulation will have made their contribution to the decline of Bitcoin. The current development in the trilogue negotiations on the crypto regulatory framework MiCa comes at exactly the wrong time. According to a draft, which is available to BTC-ECHO, the environmentally justified ban on proof-of-work services is again on the agenda. The proposal was already in the room in February, but at that time the EU Parliament had decided against it. Now, two demands from the European factions of the Left, Greens and Social Democrats are reigniting the BTC ban debate.

The first proposal concerns a duty to provide information. Crypto whitepapers should therefore contain information on the climate compatibility of a digital currency. The problem: The Bitcoin whitepaper contains no such information and cannot be rewritten afterwards. The proposed law also wants the EU securities regulator to define ”thresholds” for the environmental compatibility of crypto services. Previously, there was only talk of ”guidelines”. The tone consequently sharpens. This is because bans could result from non-compliance with the thresholds. At the time of writing, it was not yet clear whether the three groups had succeeded with their amendment proposal.

Russia Bans Domestic Crypto Payments

At least the fundamental discontinuation of Bitcoin services has not been discussed in Russia for some time. But with the acceptance of cryptocurrencies as a means of payment, the State Duma adopted a ban at first reading last week. The amendment to the existing crypto law defines Bitcoin and Co. as “money substitutes” that are not usable for the purchase of goods and services. The law also introduces the concept of an “electronic platform” for brokers and exchanges, and in the future they will be subject to the supervision of the Central Bank. Anatoly Aksakov, who chairs the Finance Committee of the Russian parliament, is behind the bill. The law still requires the approval of the Federation Council and President Putin. It should be noted that the ban is apparently limited to the Russian interior. Elwira Nabiullina, president of the crypto-skeptical central bank, recently stressed again that crypto payments in foreign trade are quite conceivable.

Korean Bitcoin Exchanges Plan Emergency System

The Terra crash threw the entire crypto space into turmoil. In particular, in South Korea – the homeland of the crashed token – he left a clear mark. As a consequence, the local Bitcoin exchanges have agreed on a common approach for similar debacles. According to a report by the local media Daily Sports, the largest crypto trading venues agreed on voluntary rules last Monday with representatives of the government. These include, for example, a warning system for investors in crypto investments that are particularly risky. From October, cross-exchange guidelines for the listing of tokens will also apply. This is intended to strengthen the confidence of investors. It remains to be seen what effect the new standard rate will have on the profitability of the trading venues.

SEC wants to take action against insider trading

In the USA, too, the Terra crash was apparently noted with concern. After all, there is a presumption that insider trading is behind the collapse. The US Securities and Exchange Commission probably initiated investigations to find out how Bitcoin exchanges are acting against such business practices. According to Fox Business, at least one leading trading venue received a letter with a catalog of questions in this regard. It was unclear last week which exchanges were affected by the investigation. Both the SEC and a number of trading venues did not make a statement to Fox Business. It is therefore also unclear whether the SEC is specifically looking for clues to initiate criminal proceedings. It is also conceivable that it is only about a review of compliance measures.

Panama’s President Blocks Bitcoin Law

Politicians are also diligently working on binding crypto rules in other parts of the world. This is also the case in the Central American tax haven of Panama. Two months ago, the parliament passed a law that gave Bitcoin the status of a recognized means of payment. But now President Laurentino Cortizo blocked the crypto-friendly project with a veto. The reason: lack of measures to prevent money laundering. The president announced his veto plans back in May. However, the initiative is not off the table, Parliament only has to make improvements in some areas.

Previous Post

Where does the Bitcoin logo come from?

Next Post

Unreal Engine 4 is getting ready for HTC Vive and Morpheus

admin

admin

Related Posts

Tether
IT news

Hedge funds have massively shorted the Stablecoin Tether (USDT)

June 30, 2022
How to buy a plot in the metaverse?
IT news

How to buy a plot in the metaverse?

June 30, 2022
New Berlin-based Magnetic fund aims to raise 220 million euros
IT news

New Berlin-based Magnetic fund aims to raise 220 million euros

June 30, 2022
Steven Spielberg is bringing Ready Player One to the cinema
IT news

Steven Spielberg is bringing Ready Player One to the cinema

June 30, 2022
Catalonia is building its own metaverse: Innovation Minister talks about plans
IT news

Catalonia is building its own metaverse: Innovation Minister talks about plans

June 30, 2022
Next Post
Unreal Engine 4 is getting ready for HTC Vive and Morpheus

Unreal Engine 4 is getting ready for HTC Vive and Morpheus

Premium Content

VW and Fernride start teleoperation: remote-controlled trucks in the test

VW and Fernride start teleoperation: remote-controlled trucks in the test

April 27, 2022
Remove Apple software update message

Remove Apple software update message

March 16, 2022
Non-cash payments reduce the average amount of the check

Non-cash payments reduce the average amount of the check

August 13, 2020

Browse by Category

  • Games
  • IT news
  • Tech
  • World
VRB News

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • Hedge funds have massively shorted the Stablecoin Tether (USDT)
  • How to buy a plot in the metaverse?
  • New Berlin-based Magnetic fund aims to raise 220 million euros

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?