European Union

A new report from the Open Dialogue Foundation details what’s coming down the pike regarding regulation around non-custodial Bitcoin and crypto wallets in the European Union, and the organization can use your help as it pushes back against unfavorable proposals.

The EU securities regulator is reviewing whether to allow Bitcoin assets into its €12 trillion mutual fund market, potentially opening the door to major mainstream adoption.

On Wednesday, the European Parliament adopted a new AML package increasing crypto asset service provider’s reporting requirements for anonymous payments. But it appears that the package’s crypto laws are largely based on assumptions, not facts.

Banks would be allowed to hold 2% of capital in bitcoin, but required to have one euro in capital for every euro in cryptocurrency held.

Previously-limited transactions between Russian bitcoin wallets and EU service providers are now completely banned.

The EU also plans to discuss crypto regulation with the U.S. in a IMF-World Bank meeting, following diplomats’ agreement on the bill’s text.

The nomenclature used to help the layman understand Bitcoin makes lawmakers confuse it as money instead of entries in a database. We must change the terms.

The ECON committee voted against a provision that would limit Proof-of-Work mining in the EU, passing an alternative rule.

The EU proposed a law that would force companies engaging in BTC transactions and transfers to collect identities of senders and receivers.

Each member state in the EU sets its own tax rules. It is still possible, however, to identify key trends and opportunities in cryptocurrency taxation.