Thursday, July 29

Europe

Bitcoin, crypto, crypto wallet, cryptocurrency, Europe, European Commission, European Union, Markets, MI Exclusive, Money Laundering, Terrorism

The EU wants to ban anonymous crypto wallets to counter money-laundering and terrorism financing

FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels Reuters The European Union is looking to ban anonymous cryptocurrency transactions, tightening its crackdown on money laundering and terrorism financing to protect its citizens and the bloc's financial system. The package published on Tuesday consists of four legislative proposals from the bloc's executive arm, the European Commission. It was accompanied by a fact sheet.Proposals include the creation of a new EU body to transform anti-money laundering and countering terrorism financing supervision and the imposition of an EU-wide limit of €10,000 ($11,800) on large cash transactions."Today's amendments will ensure full traceability of crypto-asset transfers, such as bitcoin," the pro...
SAS Scandinavian Airlines is deploying its brand-new jet to the US to take flyers to a reopening Europe and beyond — see inside
air travel, Airbus, Airbus A350, Aviation, BITranspo, Business Visual Features, Europe, Features, Flying, international travel, planes, Scandinavia, Scandinavian Airlines, Transportation, Travel

SAS Scandinavian Airlines is deploying its brand-new jet to the US to take flyers to a reopening Europe and beyond — see inside

SAS first took delivery of this aircraft in February 2020 but most flyers didn't have the chance to experience the aircraft. This summer, however, will see the US cities of Newark, Los Angeles, San Francisco, and Chicago receive the aircraft with service to Oslo, Norway, and Copenhagen, Denmark. ...
ADA, América, Bitcoin, Coinshares, crypto trading, Cryptocurrencies, digital assets, Ether, Europe, Markets, MI Exclusive, UK

Crypto trading volumes have fallen to a 9-month low as Europeans ditch bitcoin, although US investors are still buying: CoinShares

British flag and US flag Alex Wong Bitcoin has seen outflows in Europe but inflows from North America in the latest week, according to CoinShares. Trading volumes totalled $1.58 billion for the week to July 9, the lowest since October. Multi-asset investment products, like the Bitwise 10 crypto index fund, were the most popular last week. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Cryptocurrency trading volumes fell to their lowest in nine months in the latest week, as bitcoin continued to fluctuate in a relatively narrow range, according to data from digital asset manager CoinShares on Tuesday.Outflows picked up speed in Europe, where regulators have toughened their scrutiny of cryptocurrency trading in general, while US investors were net buyers o...
Apple, Biden, Economy, Europe, G7, Google, International, Tax, Taxes, Weekend BI UK

Ireland, the home of Apple and Google in Europe, is seeking a compromise on Biden’s plan for a 15% global minimum corporate tax rate, reports say

Ireland — home to Google, Apple, Microsoft — said it's willing to "compromise" on corporate taxes. G7 leaders agreed to a 15% global minimum corporate tax rate, which is higher than Ireland's 12.5%. Ireland's finance minister on Friday told CNBC there's a role for "legitimate tax competition." See more stories on Insider's business page. Ireland — European home to tech giants like Apple, Google, and Microsoft — said it was willing to "compromise" on global minimum tax rates. Paschal Donohoe, Ireland's finance minister, on Friday told CNBC that the country would "engage" in tax-rate negotiations "very intensely.""...and I do hope an...