Europe
OECD Will Launch International Crypto Tax Standards in 2021 says Tax Director
The director of the OECD’s Centre for Tax Policy and Administration has revealed that the OECD will release an international tax reporting standard for crypto assets in 2021.
European Blockchain Service Infrastructure PCP to Begin—Why it Could Benefit XRP and BTC
The EC seeks industry tenders for the European Blockchain Service Infrastructure (EBSI) - a European blockchain solution that could inadvertently see BTC and XRP soar.
European Union Parliament Considers Petition for Crypto Fraud Victims Fund
European Union Parliament is considering a petition from a consortium of individuals and companies to establish a restitution fund for victims of crypto-fraud.
Bank of Lithuania Calls For Uniform Regulation for Digital Financial Innovation Across Europe
Bank of Lithuania, Lietuvos Bankas, has proposed uniform regulations throughout the European Union in response to the European Commission’s consultations for the development of the digitalization of financial services in Europe.
Think Tank Releases Report on the Blockchain-Based Genetic Data Network
Think Tank, dGen, releases a new report entitled, “AI, Privacy, and Genomics: The Next Era of Drug Design”. It tackles the issue of privacy and access to genetic data for companies using AI to speed up and improve drug design.
EU’s Latest Coronavirus Recovery Deal: What’s Wrong with Fiat and What’s Right with Crypto
The recovery fund spearheaded by the EU is made up of €390 billion in grants and €360 billion in loans, which will be added to a new Multiannual Financial Framework (MFF), with the sum of €1.074 trillion as a seven-year budget. The heads of state and government have reached a unanimous agreement, resulting in a total financial package of €1.82 trillion.
Binance Unveils Crypto-Powered Debit Card in Europe For Seamless Transactions Across 60 Million Merchants
Leading crypto exchange Binance has rolled out the Binance Card, a crypto debit card, in Europe that will enable users to convert their stored cryptocurrencies like Bitcoin (BTC), Binance Coin (BNB), Swipe (SXP), and Binance USD (BUSD) to fiat and spend them at more than 60 million merchants worldwide.
ECB Plans to Lead CBDC Exploration to Unleash Global Power of the Euro
Fabio Panetta, a member of the Executive Board of the ECB, stated in his address to the European Parliament that the ECB intends to remain at the forefront of discussions concerning the nature of money in a digital world, including the exploration of the desirability and feasibility of establishing a central bank digital currency (CBDC).
European Crypto Miners Share Insights About Their Local Mining Industry
dGen, a non-profit research organization, in its report, has revealed that the cryptocurrency miners in the European region believe that Europe's higher electricity prices as compared to that of Russia and China is due to the strict regulation, strong protections, and political stability.
First in the World? Lithuania Central Bank Approved Blockchain-based Digital Collectible
Implementing a unique new idea will be the Bank of Lithuania in introducing the world’s first blockchain – based digital coin collectible.