Analysis Today TheBitTimes.com

The European Council and Parliament have provisionally agreed on stricter regulations for cryptocurrency firms to enhance anti-money laundering measures in the sector. The European Council and Parliament have agreed on new rules that will make cryptocurrency firms follow stricter guidelines. These rules are part of the anti-money laundering efforts and were announced on Thursday. Crypto firms will now have to check their customers more closely, particularly on transactions of €1,000 or, $1,090, or more. The aim is to make sure crypto currencies aren’t used for illegal activities. The rules also have a special focus on self-hosted wallets, which are managed by the users themselves, not a company. This agreement isn’t final yet. It needs to be approved by the European Parliament. Once approved, the Council and Parliament have to adopt it officially, then the rules will be published and start to apply. You might also like: Former US president Trump proposes ban on...

Under the Future Finance Act, the German government is pushing for more welcoming regulations for startups working with financial innovation. The German government is pushing for more welcoming regulations for startups working with financial innovation in the country, according to the newly drafted legislation of the "Future Finance Act" introduced by the finance ministry on April 5.  Key goals of the legislation include capital markets digitalization through the issuance of electronic securities on a Blockchain and improved portability of crypto assets. According to a translated version of the draft bill, Germany's "capital market should become more modern and efficient in order to mobilize more private capital for future investments." Among the government's targets is to create a favorable environment for startups and investors in the country. The legislation reduces the minimum market capital for initial public offerings (IPOs) from 1.25 million euros ...