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#European Union

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EU to Introduce Common Standards for Tokenized Assets
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EU to Introduce Common Standards for Tokenized Assets

Key Highlights: European Union institutions are moving to establish standardized rules to guarantee that securities issued across diverse distributed ledger technologies share common custody and settlement practices. Officials warn that fragmented architectures risk splitting market liquidity, causing pricing disparities for identical assets, and impeding cross-border transactions. The ongoing technical initiative supports Europe’s Appia initiative and ...

EU Enlists Industry Experts to Establish Standards for Tokenized Securities
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EU Enlists Industry Experts to Establish Standards for Tokenized Securities

Key Highlights A dedicated working group is formulating technical and market standards to enable cross-platform custody and settlement of tokenized securities across distributed ledger technology (DLT) networks and legacy financial systems. Operating under a formal mandate, the group aims to deliver its initial framework of standards by early 2028 in direct support of Appia, the ...

AMLA Proposes Mandatory Customer Due Diligence for EU Online Gambling Transactions from €2,000
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AMLA Proposes Mandatory Customer Due Diligence for EU Online Gambling Transactions from €2,000

Key Highlights: The European Union Anti-Money Laundering Authority (AMLA) has proposed mandatory customer due diligence for online gambling transactions. Under the proposed framework, operators would be required to verify customers when transactions reach or exceed a €2,000 threshold. The measure was detailed in a draft report on regulatory technical standards presented by AMLA in October. ...

EU and Eight Nations Sign Warsaw Protocol to Tackle Crypto Crime
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EU and Eight Nations Sign Warsaw Protocol to Tackle Crypto Crime

Key Highlights: The European Union and eight partner nations have signed an Additional Protocol to modernize the Council of Europe’s Warsaw Convention. Signatories include Georgia, Greece, Hungary, Luxembourg, Monaco, Montenegro, San Marino, and the United Kingdom, alongside the EU. The updated framework targets the cross-border laundering of illicit funds and terrorist financing involving digital assets ...

EU and 8 Nations Sign Warsaw Protocol to Combat Crypto Crime
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EU and 8 Nations Sign Warsaw Protocol to Combat Crypto Crime

Key Highlights: The European Union and eight partner nations have signed an Additional Protocol to modernize the Council of Europe’s Warsaw Convention. Signatories include Georgia, Greece, Hungary, Luxembourg, Monaco, Montenegro, San Marino, the United Kingdom, and the EU. The treaty expansion focuses on cross-border asset recovery, combating the use of cryptocurrency assets for illicit purposes, ...

Irish EU Presidency Drops $4.4B Online Gambling Tax from Seven-Year Budget Draft
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Irish EU Presidency Drops $4.4B Online Gambling Tax from Seven-Year Budget Draft

Key Highlights: The Irish Presidency of the Council of the European Union excluded a proposed EU-wide online gambling levy from its initial budget framework. Ireland serves as the chief negotiator for the upcoming 2028–2034 Multiannual Financial Framework. A draft spending ceiling of €1 trillion has been presented by Irish negotiators to guide the multiannual budget ...

ESMA Gives Crypto Firms 3 Months to Delist Non-Compliant Stablecoins
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ESMA Gives Crypto Firms 3 Months to Delist Non-Compliant Stablecoins

Key Highlights: The European Securities and Markets Authority (ESMA) has issued updated guidance targeting crypto-asset service providers handling unauthorized stablecoins under the Markets in Crypto-Assets (MiCA) framework. Crypto firms must establish technical, contractual, and organizational controls to block European Union clients from purchasing or expanding exposure to non-compliant tokens. Firms are permitted to facilitate temporary, ...