European Parliament authorises new regulations for instant money transfers
The new regulation was approved with 599 votes in favour, 7 against, and 35 abstentions.
The new regulation was approved with 599 votes in favour, 7 against, and 35 abstentions.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
MiCA will ensure crypto transfers can be traced and suspicious transactions blocked.
Under the new rules, cryptoasset transfers will have to include information on their source and beneficiary.
European Banking Authority is taking money laundering more and more seriously.
A thorough analysis by the European Parliament, but with few conclusions.
The European Securities and Markets Authority has launched a consultation on the implementation of MiFID II, the long-awaited legislation from the European Commission which was recently approved by the European Parliament. The consultation seeks to translate the principles agreed in the draft text into more technical standards which will be directly implemented across the 28 member countries of the EU.
The European Parliament has voted to approve the introduction of a financial transaction tax across 11 EU member states including France, Germany and Italy – but market participants warn that it may have unintended consequences.