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 EU crypto regulations undermined by lack of enforcement say observers

EU crypto regulations undermined by lack of enforcement say observers


Published: 2024-05-07


1. EU Crypto Regulations Enforcement In the article,the main focus is on the European Union's steps toward enforcing regulations on the cryptocurrency industry. The EU's MiCA proposal aims to create a comprehensive regulatory framework for digital assets,including cryptocurrencies and stablecoins,to provide legal clarity and protect investors. The proposed regulations cover issues such as licensing requirements,consumer protection,and market integrity to ensure the transparency and stability of the crypto market.

2. Impact on Crypto Industry The implementation of stricter regulations in the EU could have a significant impact on the crypto industry,particularly on crypto exchanges and service providers operating within the region. Companies will need to comply with the new regulations,which might involve obtaining licenses,adhering to anti-money laundering (AML) and know your customer (KYC) requirements,and improving their security measures. This increased oversight could lead to a more mature and secure crypto market in the EU.

3. Potential Challenges and Concerns Despite the good intentions behind the EU's regulatory efforts,there are concerns and challenges surrounding the enforcement of these regulations. One major concern is the potential stifling of innovation in the crypto space due to excessive regulatory requirements. Moreover,the decentralized nature of cryptocurrencies poses a challenge for authorities to effectively enforce regulations and monitor compliance. Balancing investor protection with fostering innovation will be a key challenge for the EU in regulating the crypto industry.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 66,779.84 968,327,421.05
2 ARS title=ARS 1,106.00 936,910,297.30
3 ETH title=ETH 3,065.62 469,616,349.95
4 SOL title=SOL 168.16 430,921,912.74
5 BONK title=BONK <0.01 190,057,416.48
6 PEPE title=PEPE <0.01 184,100,462.15
7 WIF title=WIF 2.47 166,635,723.12
8 DOGE title=DOGE 0.15 106,991,268.82
9 FTM title=FTM 0.84 85,221,008.32
10 RNDR title=RNDR 10.17 70,458,690.17
11 LINK title=LINK 16.75 67,575,497.24
12 BOME title=BOME 0.01 66,623,724.90
13 RUNE title=RUNE 6.64 54,739,034.84
14 NEAR title=NEAR 7.76 54,401,677.23
15 ENA title=ENA 0.71 50,847,782.12
16 XRP title=XRP 0.51 49,147,557.26
17 FLOKI title=FLOKI <0.01 47,405,955.07
18 ORDI title=ORDI 39.55 45,979,980.74
19 RSR title=RSR <0.01 40,979,619.33
20 BCH title=BCH 489.20 40,234,232.93
21 CREAM title=CREAM 88.92 38,171,353.21
22 AVAX title=AVAX 35.63 37,363,014.31
23 PEOPLE title=PEOPLE 0.04 36,607,736.85
24 WLD title=WLD 4.74 34,786,773.24
25 ICP title=ICP 12.68 30,286,864.62
26 BLZ title=BLZ 0.28 28,295,592.53
27 AEVO title=AEVO 0.82 28,215,319.60
28 PYTH title=PYTH 0.38 26,432,254.12
29 1000SATS title=1000SATS <0.01 26,057,409.70

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Cream title=CREAM 88.92
+51.15
2 FarmBot title=FARM 77.57 +14.14
3 Phala title=PHA 0.20 +11.60
4 OAX title=OAX 0.24 +8.89
5 Marlin title=POND 0.02 +8.79
6 Bonk title=BONK <0.01 +8.20
7 BinaryX title=BNX 1.08 +7.11
8 Ooki title=OOKI <0.01 +5.23
9 Unifi Protocol DAO title=UNFI 3.93 +5.22
10 Keep3rV1 title=KP3R 78.40 +4.35
11 Renzo title=REZ 0.11 +3.69
12 Bitcoin Cash title=BCH 489.20 +2.86
13 Akropolis title=AKRO <0.01 +2.55
14 Chainlink title=LINK 16.75 +1.99
15 Render title=RNDR 10.17 +1.66
16 AS Roma Fan Token title=ASR 3.75 +1.49
17 Wrapped NXM title=WNXM 67.91 +1.30
18 eCash title=XEC <0.01 +1.06
19 aelf title=ELF 0.53 +0.80
20 Hive title=HIVE 0.31 +0.48
21 PAX Gold title=PAXG 2,394.00 +0.34
22 BEAMX title=BEAMX 0.02 +0.29
23 Reserve Rights title=RSR <0.01 +0.12

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Pyth Network title=PYTH 0.38 -13.28
2 Bluzelle title=BLZ 0.28 -12.43
3 Tensor title=TNSR 0.81 -10.45
4 Saga title=SAGA 2.08 -9.23
5 Quickswap [OLD] title=QUICK 0.05 -8.74
6 ForTube title=FOR 0.02 -7.76
7 Starknet title=STRK 1.05 -7.73
8 Bounce title=AUCTION 13.66 -7.26
9 DIA title=DIA 0.47 -7.26
10 Manta Network title=MANTA 1.46 -7.23
11 Ethena title=ENA 0.71 -7.11
12 FUNToken title=FUN <0.01 -6.94
13 Lisk title=LSK 1.81 -6.75
14 Sei title=SEI 0.52 -6.64
15 0x Protocol title=ZRX 0.56 -6.50
16 Beta Finance title=BETA 0.07 -6.45
17 Polymesh title=POLYX 0.42 -6.38
18 Game title=GTC 1.15 -6.22
19 Dymension title=DYM 2.56 -6.20
20 Internet Computer title=ICP 12.68 -6.10
21 NFPrompt title=NFP 0.44 -6.08
22 Manchester City Fan Token title=CITY 3.21 -6.03
23 Celestia title=TIA 8.94 -5.99
24 Omni Network title=OMNI 13.89 -5.96
25 Cats Of Sol title=COS <0.01 -5.95
26 1inch title=1INCH 0.38 -5.73
27 Hooked Protocol title=HOOK 0.78 -5.56
28 Immutable title=IMX 2.27 -5.44
29 Reef title=REEF <0.01 -5.42
30 Celo title=CELO 0.82 -5.41

Bitcoin's Greed and Fear Index.

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72
Greed

Global CryptoCurrency News

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5 If SEC approves spot Ether ETFs many will be caught severely offside 2024-05-18
6 Genesis Global secures court approval for 3B payout 2024-05-18
7 US authorities bust 73M crypto scam make two arrests 2024-05-18
8 AI safety researchers leave OpenAI over prioritization concerns 2024-05-18
9 What is the Ethereum ETH burn address 2024-05-18
10 LayerZero identifies over 800K addresses in sybil self reporting phase 2024-05-18
11 Godfather of AI advises UK government to start UBI 2024-05-18
12 US Treasury strategy would tighten virtual asset regulations increase AI use 2024-05-18
13 Tornado Cash founder sent to prison DeFis EU struggles Finance Redefined 2024-05-18
14 Ethereum price rallies above 31K after unexpected regulatory victory 2024-05-18
15 Blockchain gaming investments reached nearly 1B in April 2024-05-18
16 Crypto Biz Galaxy CoinShares Q1 results ETFs on the blockchain and more 2024-05-18
17 Alex Labs freezes 39M of exploited funds sent to CEXs after hack 2024-05-18
18 Ghana Singapore conduct trade in semi fungible token pilot project 2024-05-18
19 Changpeng Zhao teases writing project ahead of reporting to prison 2024-05-18
20 Crypto personality pleads guilty to fraud after promising 60 039fictitious039 returns 2024-05-18
21 Biden may rethink SAB 121 vote veto due to political support for crypto 2024-05-18
22 Over 80 of recent Binance token listings are bleeding red 2024-05-17
23 Binance exec denied bail in Nigeria money laundering trial 2024-05-17
24 Sony warns 700 AI devs music streaming companies against content misuse 2024-05-17
25 How to trade crypto in the UK using Revolut X 2024-05-17
26 Binance backed Magic Square IDO platform to democratize retail investor access 2024-05-17
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31 Harvard built hacker proof quantum network in Boston using existing fiber cable 2024-05-17
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46 Animoca Brands leads 7M funding round for Param Labs 2024-05-16
47 Bitcoin shrugs off US jobs data as BTC price gives up 66K support 2024-05-16
48 OpenAIs iPhone moment trumps Google AI lies porn and dating AI Eye 2024-05-16
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50 Ex Alameda Research co CEO calls for fair sentencing of Ryan Salame 2024-05-16

US news that has a significant impact on the market

at news day date time
1 Fed Chair Powell Speaks Sunday 19-05-2024 20:30
2 FOMC Member Bostic Speaks Monday 20-05-2024 12:30
3 FOMC Member Bostic Speaks Monday 20-05-2024 13:45
4 FOMC Member Waller Speaks Monday 20-05-2024 14:00
5 FOMC Member Barr Speaks Monday 20-05-2024 14:00
6 FOMC Member Jefferson Speaks Monday 20-05-2024 15:30
7 FOMC Member Mester Speaks Monday 20-05-2024 19:00
8 Treasury Sec Yellen Speaks Tuesday 21-05-2024 09:00
9 FOMC Member Waller Speaks Tuesday 21-05-2024 14:00
10 FOMC Member Barkin Speaks Tuesday 21-05-2024 14:00
11 FOMC Member Williams Speaks Tuesday 21-05-2024 14:05
12 FOMC Member Bostic Speaks Tuesday 21-05-2024 14:10
13 FOMC Member Barr Speaks Tuesday 21-05-2024 16:45
14 FOMC Member Mester Speaks Wednesday 22-05-2024 00:00
15 Existing Home Sales Wednesday 22-05-2024 15:00
16 Crude Oil Inventories Wednesday 22-05-2024 15:30
17 FOMC Meeting Minutes Wednesday 22-05-2024 19:00
18 Unemployment Claims Thursday 23-05-2024 13:30
19 Flash Manufacturing PMI Thursday 23-05-2024 14:45
20 Flash Services PMI Thursday 23-05-2024 14:45
21 New Home Sales Thursday 23-05-2024 15:00
22 Natural Gas Storage Thursday 23-05-2024 15:30
23 FOMC Member Bostic Speaks Thursday 23-05-2024 20:00
24 Core Durable Goods Orders m/m Friday 24-05-2024 13:30
25 Durable Goods Orders m/m Friday 24-05-2024 13:30
26 FOMC Member Waller Speaks Friday 24-05-2024 14:35
27 Revised UoM Consumer Sentiment Friday 24-05-2024 15:00
28 Revised UoM Inflation Expectations Friday 24-05-2024 15:00

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