Tag Archives: European Union

As the country officially left the European Union (EU) on January 31st, 2020, the UK has also taken steps to become more cryptocurrency-friendly. It has amended existing regulations to reduce the registration fees for crypto-related businesses.Encouraging Small Cryptocurrency FirmsThe UK Financial Conduct Authority (FCA), in a newly released document, has restructured the registration fee for crypto companies. The reduction is notable and it could be seen as a way to encourage small crypto...

The cryptocurrency market has been known, at large, for the fact that there’s a lack of regulation in certain aspects. Whether or not one considers this as a positive or negative feature, the fact of the matter is that slowly but surely, market regulators are inserting their views and rules.With so many different sorts of regulations being forced on the crypto market, let’s dive into what’s to come, what could be the change, and ultimately – is it good or bad for Bitcoin and the...

One of the largest American financial services corporations, Fidelity, is preparing to enter the European market with a product orientated towards digital assets. The branch called Fidelity Digital Assets is already operating in the U.S. since last year, delivering cryptocurrencies to institutional investors.Fidelity Digital Assets Enters EuropeLast year, Fidelity Investments Inc, launched a new business venture in the U.S. oriented towards cryptocurrencies. It’s called Fidelity Digital...

Cryptocurrency companies and services based in the EU have less than a month to adjust their business operations to comply with a new set of rules. As of January 10th, The Fifth Anti-Money Laundering Directive (5AMLD) will be in effect, requiring KYC, and monitoring all transactions.5AMLD In Action From JanuaryRegulators across the world have struggled with putting cryptocurrencies within a certain legislative framework. The European Union is on its way to put in effect an updated legislation...