Europe

Bosnia and Herzegovina Is Preparing a Draft Bill to Regulate Cryptocurrencies

<div class=”featured_image_container”> </div> <strong>A European country in the Balkans region could start regulating the crypto environment within its territory. A bill is being drafted in Bosnia and Herzegovina that would establish a regulatory framework for cryptocurrencies for the first time in the country’s history.</strong> Bill Aims to ‘Attract Entrepreneurs’ to the Country According to Klix, …

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El Corte Ingles Files for a Crypto-Related Trademark to Provide ‘Financial Services’

<div class=”featured_image_container”> </div> <strong>El Corte Inglés, the biggest department store group in Spain, seems to be entering into the cryptocurrency sphere. After filing for a related trademark with the Intellectual Property Office of the European Union, they have registered “Bitcor”. </strong> Trademark Is a ‘Preventive Registration’ According to filing request #018434202, the Spanish group store …

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Spain to Share Data of Users From Domestic Crypto Businesses With European Union Countries

<div class=”featured_image_container”> </div> <strong>The Spanish government doesn’t stop imposing its tough stance on cryptocurrencies, as another rule comes to strengthen the existing ones. A royal decree recently enacted aligns current regulations with the European Union’s directives regarding anti-money laundering (AML).</strong> Rule Aligns With the European AMLD5 Policies According to the decree published in the state …

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ECB Deepens Analysis of Digital Euro, Decision Expected by Mid-Year, VP Confirms

<div class=”featured_image_container”> </div> <strong>Faced with challenges on many fronts, the European Central Bank is now deepening the analysis of how to digitalize its currency. A decision on whether to issue a digital euro, which has the potential to become a major CBDC, is expected around mid-2021, a high-ranking official of the central bank has confirmed. …

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Spanish Healthcare Group to Accept Cryptocurrency Payments, Citing Interest in ‘Bitcoin Revolution’

<div class=”featured_image_container”> </div> <strong>Cryptocurrency regulation is still an ongoing topic for the Spanish government and regulators, with some not too friendly measures against crypto ads or enhancing tax rules. However, adoption is on the rise in different industries, and the healthcare sector is joining the frenzy.</strong> Patients Could Pay With Digital Assets Starting June 1 …

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Europe awaits implementation of regulatory framework for crypto assets

The global landscape of crypto-asset regulations is diverse and, even though it is getting more complex, many regulators are still choosing to wait and see how this space develops and what others will do. Right now, all eyes are on the European Union and its bespoke approach to regulating crypto assets. As part of an …

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Two Major Hotels in Touristic Spanish City to Accept Crypto Payments in the Wake of Covid-19 Crisis

<div class=”featured_image_container”> </div> <strong>Sevilla is becoming a crypto-friendly city in Spain at a fast pace, with two prominent local hotels announcing they will start accepting crypto payments. Hotel Bécquer and Hotel Kivir have joined the crypto adoption bandwagon by allowing customers to book rooms with digital assets.</strong> Hotels Will Receive 100% of Funds in Fiat …

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Deutsche Telekom invests in mobile DeFi platform Celo

Deutsche Telekom, one of the largest telecom providers in Europe, has invested in blockchain payments platform Celo to support the development of decentralized finance. The telecom giant has made a “significant purchase” of Celo’s native token CELO through its strategic investment fund, the Telekom Innovation Pool, Celo announced Tuesday. The firm did not specify the …

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Ukrainian Parliament Passes Bill That Criminalizes People Who Don’t Reveal Crypto Holdings

<div class=”featured_image_container”> </div> <strong>The Ukrainian parliament is enforcing its tough stance against people who don’t disclose their cryptocurrency holdings on the tax fillings. The measure comes in the wake of a recent publication that showed alleged mistakes in declarations from public servants.</strong> Offenders Could Spend up to Two Years in Jail According to an official …

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Investors File Class Action Lawsuit Before the National Court of Spain Over an Alleged $298M Crypto Scam

<div class=”featured_image_container”> </div> <strong>A group of Spaniards filed the first crypto-related class-action lawsuit before the National Court of Spain on an alleged million-dollar scam. The lawsuit targets an individual accused of allegedly scammed over 300 small crypto investors across Spain.</strong> Money Stolen Could Amount Up to $3.58 Billion Per El País, the class-action lawsuit claims …

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