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” In the aftermath of banks’ horrorshow: Law Decoded, March 13–20. “ A week after the twinning collapse of Silicon Valley Bank (SVB) and Signature Bank, and the trouble at Credit Suisse, the dust is slowly settling down. SVB Financial Group has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the…
” ‘If a government bans drugs, it should also ban crypto’ — Belgium’s former finance minister “ Johan Van Overtveldt, a member of the European Parliament and the former Minister of Finance of Belgium, has called for a “strict ban” on crypto as a result of the current banking crisis. In a March 17 tweet,…
” European Parliament votes to form final law on EU digital wallet “ European lawmakers are moving forward with the introduction of a European Union-wide digital wallet by passing a plenary vote on moving the initiative to interinstitutional negotiations. The European Parliament on March 15 voted in favor of negotiating a mandate for talks with…
” Europarliament approves Data Act that requires kill switches on smart contracts “ The European Parliament passed the Data Act on March 14. The comprehensive bill was intended to “boost innovation by removing barriers obstructing access to industrial data.” Among its provisions is an article that would require smart contracts to be alterable. The legislation…
” EU Commission to ensure ‘healthy competition’ in the Metaverse “ Considering the regulatory struggle to keep up with ever-evolving innovations, Margrethe Vestager, the executive vice president of the European Commission, recommended a headstart into brainstorming implications of technologies such as the Metaverse and ChatGPT. Vestager highlighted how digital transition and the shift to a…
” Solana faces ‘lack of appetite’ from US regulators, says Austin Federa “ Austin Federa, head of strategy at the Solana Foundation, spoke to Cointelegraph at the ETH Denver conference on the network’s outages, the impact of regulation, and the launch of its mobile device. Speaking to Cointelegraph on March 1, Federa said the New…
” Regulation and risk: Factors driving demand for a euro-backed stablecoin “ Stablecoins are a type of cryptocurrency offering investors price stability. The most popular stablecoins are those backed by the United States dollar — the world’s leading reserve currency. Others are less popular and not widely used, so many may not have heard of…
” France on the verge of passing stringent crypto firm licensing laws “ The French National Assembly has voted in favor of legislating stricter licensing rules for new cryptocurrency firms in order to harmonize local laws with proposed European Union (EU) standards. The vote was passed with 109 votes (60.5%) in favor to 71 (39.5%)…
” The limitations of the EU’s new cryptocurrency regulations “ The final vote on the European Union’s much-awaited set of crypto rules, known as the Markets in Crypto Assets (MiCA) regulation, was recently deferred to April 2023. It was not the first delay — previously the European lawmakers rescheduled the procedure from November 2022 to…