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“Elon Musk, EU say they agree on Twitter regulations” Elon Musk said he and the European Union are “very much on the same page” when it comes to regulation of social media as the Tesla boss appears set to complete his $44 billion takeover of Twitter. Thierry Breton, the EU’s internal market commissioner, posted a…
” Law Decoded: Crypto retirement plans get hot with Warren and Lummis making their moves, May 2–9, 2022 “ Retirement plans still largely remain at the periphery of both crypto adoption and the regulatory discussion. But last week, a major development emerged in this department. United States Senators Elizabeth Warren of Massachusetts and Tina Smith…
” European watchdog lists crypto next to lawyers, accountants as an AML threat “ Europe’s Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) watchdog, MONEYVAL, has listed monitoring the crypto sector along with “gatekeeper” professionals, such as lawyers and accountants, as priorities in European nations’ push to combat money laundering. In a media release…
” Proposed digital euro designs lack privacy options, ECB presentation shows “ Next to the fears of government overreach that the European Union’s ambitious digital euro project stirred, the main concern of the public is the prospective currency’s privacy framework. It appears that this worry might not be overblown after all: as the European Central…
” EU Commission report suggests rethink of regulatory approach to DeFi “ Analysts from the European Commission showed an unexpected understanding of how decentralized finance (DeFi) actually functions, having defined it as something different from the traditional financial system and acknowledging that it would require rethinking the approach to regulation. On Monday, May 2, crypto…
” EU commissioner calls for global coordination on crypto regulation “ Mairead McGuinness, the commissioner for financial services, financial stability and capital markets union at the European Commission, is calling for global regulators to work together to address potential risks in the crypto market. In a Sunday opinion piece in political media outlet The Hill,…
“Apple ‘abused’ market power to boost Apple Pay: EU” Apple has “abused” its dominant position in the smartphone and app markets to give Apple Pay an unfair boost over other mobile payments systems, European Union regulators alleged on Monday. The iPhone maker has prevented competitors from accessing the iPhone hardware and software that enables “tap…
” Self-custody, control and identity: How regulators got it wrong “ The recent European Union proposal requiring centralized crypto exchanges and custodial wallet providers to collect and verify personal information about self-custodial wallet holders shows the dangers of recycling traditional finance (TradFi) rules and applying them to crypto without appreciating the conceptual differences. We can…
“Elon Musk jokes he’ll buy Coca-Cola to ‘put the cocaine back in’” Elon Musk said he was “buying Coca-Cola to put the cocaine back in” as he joked about what he plans to do next following his $44 billion acquisition of Twitter. In a late Wednesday gab session with his 87 million Twitter followers, Musk…
” Grayscale to expand crypto fund offering into Europe “ Digital asset manager Grayscale Investments is planning to expand its product offerings into Europe to tap into growing institutional demand for cryptocurrencies in the region, CEO Michael Sonnenshein confirmed Tuesday. In an interview with Bloomberg, Sonnenshein said the company was holding meetings with local partners…