Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kuwait’s emir has dissolved the country’s parliament following years of political deadlock, accusing lawmakers of infringing on the monarch’s powers and alleging corruption has spread throughout state institutions. Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah said on…
The European Parliament adopted a new AML law package which increases the reporting requirements of crypto asset service providers (CASPs) when sending and receiving ‘anonymous’ payments between self-hosted wallets and custodial service providers, in addition to limits on cash transactions and the establishment of a ‘central watchdog’ agency, which will develop regulatory technical standards. Under…
With the kickoff event ‘Bitcoin im Bundestag,’ Bitcoin has entered the political discourse in Germany. Roman Reher of Blocktrainer, the largest German-speaking Bitcoin YouTube channel, and Kristian Kläger, CEO and founder of terahash.energy GmbH, delivered two formidable introductory presentations in the German Parliament. Since German politicians still mainly associate Bitcoin with criminal activities, money laundering,…
A member of the German Bundestag (federal parliament), Joana Cotar, has expressed her support for making Bitcoin a legal tender in Germany, in an exclusive interview with Cointelegraph. Cotar told the publication that she wants to initiate a “preliminary examination” for legal framework to officially recognize Bitcoin as legal tender in the country. “This includes ensuring the…
Despite strong opposition from crypto industry players, the European Parliament introduces the Data Act that can severely impact the smart contract platforms. On Thursday, November 9, members of the European Parliament endorsed a Data Act that includes a contentious provision potentially rendering the majority of smart contracts illegal. The Act focused on regulating data sharing,…