Under the new rules, crypto asset service providers are obliged to collect and make accessible certain information about the sender and beneficiary of the transfers of crypto assets they operate, regardless of the amount of crypto assets being transacted. This ensures the traceability of crypto-asset transfers in order to be able to better identify possible suspicious transactions and block them.
The number of Bitcoin wallet addresses holding one whole BTC or more has surpassed the one million mark suggesting long-term sentiment for the tokens remains intact even as broader markets weigh down bitcoin prices. The one million wholecoiner milestone was reached on May 13, according to data from Glassnode. This is a 20% bump since February last year.
Binance is withdrawing from Canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and mandatory registrations, according to Reuters.
Consistent with the idea of promoting emerging technologies in the new digital economy, the NOCASH EVENTS company continues the Banking 4.0 event series – this year’s spring edition being dedicated to blockchain technology.
an article written by Elizaveta Palaznik, Markets in Crypto-Assets (MiCA) business consultant, speaker at Banking 4.0 – international blockchain conference
This year, the Banking 4.0 – Spring edition, dedicated to the impact of blockchain technology in the new digital economy, will be opened by Sebastian Burduja, Minister of the Ministry of Research, Innovation and Digitization.
According to a statement from the monetary authority, payment providers may not offer or facilitate crypto services through their applications. The move brings payment fintechs and financial institutions under the same rules in the country.
Crypto ATMs allow people to buy or convert money into cryptoassets. There are no crypto ATM operators registered with the Financial Conduct Authority (FCA), which they must be to operate legally, according to a press release.
The spring edition of Banking 4.0, dedicated to the impact of blockchain technology in the new digital economy, will be organized this year at STUP, on March 23. The event will be organized in a hybrid format, and participation is by invitation only.
„In our view, the ECB’s approach to the digital euro suffers from a wrong focus. As the discussion of the CBDC as a monetary anchor shows, it is mainly based on the digital euro as a payment object and leaves unclear how the payment system in which it would circulate would be organised” – according to a research paper published by SUERF – The European Money and Finance Forum.
