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EU Tightens Cryptocurrency Regulations
Starting December 30, 2024, European virtual asset service providers (VASPs)—including crypto exchanges, trading platforms, and centralized wallets—must comply with the Travel Rule. This regulation is aimed at bolstering anti-money laundering (AML) and counter-terrorism financing (CTF) measures.ESMA Pushes for Mandatory Cybersec Audits in Crypto Companies
ESMA, the European Securities and Markets Authority, recommends that crypto companies perform regular cybersecurity audits. The regulator is urging EU lawmakers in Brussels to modify the regulatory documents for the sector to secure consumer funds more effectively.
Pavel Durov's First Statement After Arrest
Telegram founder Pavel Durov made his first public statement since being detained in France. He thanked users for their support and described the accusations as 'misguided,' noting that Telegram has an official representative in the EU and a hotline with French security services to combat terrorism. The EU Threatens to Fine X
The European regulator may impose a fine equivalent to 6% of the total revenue on Elon Musk’s social media platform X for its failure to address illegal content. This measure will be considered if the company does not implement the necessary changes following its next official warning. Data Defenders Slam OpenAI
The non-profit European Center for Digital Rights (NOYB) has filed a complaint against the AI developer OpenAI for breaching GDPR. As it turns out, ChatGPT can still provide inaccurate information about individuals due to AI hallucinations, contravening EU legislation that mandates accuracy in personal data. EU Reviews New Crypto Regulations Package for MiCA
The European Securities and Markets Authority (ESMA) has published its first final report on the regulatory framework for the crypto market under the Markets in Crypto-Assets Regulation (MiCA). This document presents ESMA's recommendations regarding the criteria for the proper registration of crypto service providers and the procedure for handling complaints. The report has now been submitted to the European Commission, with ESMA set to assist the government in implementing these recommendations as a consultant. 
Dutch AFM Grants MiCA Licenses to 4 Digital Asset Firms
Four digital asset companies have obtained Markets in Crypto Assets (MiCA) licenses in the Netherlands, enabling them to operate seamlessly across all 27 EU member states. This milestone marks a key step toward a unified regulatory framework for Europe’s crypto industry. Goodbye USDT? MiCA Regulations Redefine EU Crypto Trading
New EU regulations on crypto assets, set to take effect in a few days, are already reshaping the stablecoin market. Many European crypto exchanges are delisting USDT to comply with MiCA requirements, leaving investors searching for alternative stable assets.EU May Consider Musk’s Entire Business Empire When Fining X
Lawmakers in the European Union are weighing the option of calculating fines for X by factoring in the revenue streams from Elon Musk’s other enterprises, such as SpaceX and Neuralink. This could lead to a steep rise in potential financial penalties for Musk over breaches in content moderation.Tether’s Survival Plan: The Bold Strategy to Dodge MiCA's Hammer
In response to the MiCA regulations that took effect in the EU on July 1, 2024, Tether has revealed it’s working on a game-changing solution, specifically created for the European market. This bold move comes as Coinbase sets strict deadlines for compliance, with rumors swirling about a possible delisting of USDT within the European Economic Area.
Could MiCA Put the Brakes on DeFi's Growth?
The crypto community is buzzing with debates about the impending rollout of the MiCA regulatory framework in the EU. Key figures like Rune Christensen, co-founder and principal developer of MakerDAO, express concerns about potential disruptions in the decentralized finance (DeFi) sector. However, opinions on the matter are divided. 
