Tags: EU Parliament

The EU Parliament is wading into the digital euro debate. (Gerd Altmann/ Pixabay)

The ECB‘s Fabio Panetta at an event in Brussels (Jack Schickler/CoinDesk)

The EU voted on its crypto law MiCA. (Udo Pohlmann/Pixabay)

The European Parliament is set to vote on a new crypto law (Erich Westendarp/Pixabay

The European Parliament in Strasbourg, France (Udo Pohlmann/Pixabay)

The EU is set to vote on its landmark crypto law MiCA (Pixabay)

The bloc’s Markets in Crypto Assets Regulation brings in a new licensing regime, but has faced translation delays.

Johan Van Overtveldt, economic spokesperson for the right-wing ECR political party in the European Parliament, compared crypto to drugs.

Controversial lawmaker proposals on data use may no longer meet original objectives, Thierry Breton told reporters

Germany’s Markus Ferber said there needs to be a review of interest rate and sovereign bond exposures.

Banks in the European Union would have to treat crypto as the riskiest kind of asset and disclose exposures while awaiting more detailed rules.

Taxing capital gains, mining or crypto transactions are all being examined to fund the European Union’s $185 billion annual spending.

A leaked proposal that faces a vote on Tuesday deems crypto assets to be the riskiest kind, in line with emerging international guidelines

Eurogroup, the body comprised of European finance ministers, said that introduction of a digital euro requires political decisions that should be discussed and taken at the political level.