China News Official TheBitTimes.com

Binance said after carefully considering feedback from the community and several projects it revised operations to comply with EU standards. Binance has decided to reverse its plan to delist a number of privacy coins in Europe after it said it has revised operations in order to comply with local regulations.  In a comment from the cryptocurrency exchange recevied on June 26, Binance said that: "After carefully considering feedback from our community and several projects, we have revised how we classify privacy coins on our platform to comply with EU-wide regulatory requirements." It also commented that since it operates as an exchange registered in various EU jurisdictions, it is “obliged” to follow local regulations that require exchanges to, “be able to monitor transactions for coins listed on our platform." Initially, Binance was to delist privacy tokens for users in France, Italy, Spain and Poland, rendering them no longer able to buy or sell 12 privacy tokens be...

Industry experts and regulators weigh in on the European Union’s proposed MiCA rules at Paris Blockchain Week. Regulators and industry players highlighted a number of implications and potential impacts of the European Union’s Markets in Crypto-Assets (MiCA) Regulation at the Paris Blockchain Week 2023. A panel titled ‘MiCA: How is the EU Regulating Crypto?’ delved into the proposed MiCA regulation which is expected to take effect in 2024. The 400-page regulatory guideline for cryptocurrencies and digital assets has been a major talking point across the continent. Unpacking MiCA and its implications - a panel discussion featuring industry experts and regulators at Paris Blockchain Week 2023.  Gundars Ostrovskis gave inside insights into the development of the MiCA documentation, given his involvement as a team leader in the Digital Finance Unit of the European Commission. Working alongside colleagues that drafted the MiCA regulations, Ostrovskis highlighted the belief that the legisla...