Sunday, July 25

European Union

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...
BLOOM, Canada, Economy, European Union

EU shuts door to travellers from Canada as virus flares in Europe

Article contentThe European Union decided to remove Canada, Tunisia and Georgia from its list of countries whose residents should be allowed to visit the bloc amid the coronavirus pandemic, according to an EU official familiar with the matter.The EU also opted to reopen its borders to travellers from Singapore as a result of improved virus trends there, the official said on the condition of anonymity because the deliberations on Wednesday in Brussels were confidential. The US will remain blacklisted along with most other countries.The changes are the first in more than two months to the EU's recommended travel “white list,” shrinking it from 11 foreign nations at present to nine. The other eight are Australia, China, Japan, New Zealand, Rwanda, South Korea, Thailand and Uruguay.The upda...