Search Results for: MiCA

ECB Survey Finds 10% of Eurozone Households Own Crypto Assets

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One in every 10 households in six eurozone countries has acquired cryptocurrencies, the European Central Bank (ECB) has found with a new survey. While the richest are most likely to own crypto assets, poor families are not far behind, the poll…

Bank of Spain Report Warns About Cryptocurrency Usage and Its Effect on Financial Stability

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The Bank of Spain has issued a new report that touches on the subject of the popularity of cryptocurrency usage and the possible effects it might have on the financial stability of the nation. In the document, the bank explains that…

Crypto Businesses Ask 27 EU Finance Ministers to Loosen Disclosure Requirements

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Forty-six European crypto businesses and organizations have asked finance ministers in 27 European countries to loosen some regulatory requirements for the crypto industry. For example, they asked for decentralized finance (defi) projects to be excluded from the requirements to register as…

Bank of Spain Reminds Public Cryptocurrency Purchases Can Be Blocked in Certain Cases

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The Spanish central bank, Bank of Spain, has warned users about certain actions banks can take if they detect cryptocurrency purchases. In a post published on its web page, the institution explains that traditional banks have the ability to block these…

EU Designates ESMA as Crypto Regulator of the Region in Latest MiCA Draft

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The Parliament of the EU has designated ESMA, the European Securities and Markets Authority, the top cryptocurrency regulator of the region in the latest draft of MiCA, the Markets in Crypto Assets regulation. The European organization would have the task of…

Defi Protocol Anchor to Implement ‘Semi-Dynamic Earn Rate’ Following Governance Vote

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On Thursday, the team behind the lending protocol Anchor announced that a proposal has passed and the decentralized money market will “implement a more sustainable semi-dynamic earn rate.” Following the announcement, the value of the protocol’s native token ANC slipped roughly…

MiCA Amendments Proposed Last Minute Revive Threat of EU Ban on Bitcoin, Report Reveals

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Changes to the EU’s MiCA proposal to regulate crypto markets, suggested shortly before a vote on the package, indicate a bitcoin ban is still a possibility. Despite recently removing wording that would have prohibited coins with energy-intensive mining, some members of…

Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation

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A text threatening to prohibit cryptocurrencies relying on energy-intensive proof-of-work mining has been deleted from the draft legislation aimed at regulating the European crypto space. The move comes after the controversial provision sparked objections from the crypto community. MiCA Proposal Drops…

Report: Ronin Sidechain Processed 560% More Total Transactions Than Ethereum Last November

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The blockchain-powered game Axie Infinity has been a very popular application during the last 12 months, as the game’s NFTs have outpaced every NFT collection today in terms of all-time sales. While Axie Infinity has seen $3.85 billion in all-time sales,…

Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners

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The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages….