Paul Tang, a member of the E.U. Parliament, believes that transferring cryptocurrencies should require information about the sender and the receiver, just like bank transfers. Tang, who heads the E.U. Parliament’s Subcommittee on Tax Matters, called the pushback against the upcoming crypto AML regulation “another social media storm by crypto bros.” A new E.U. proposal…
Digital Euro bill set to come in early 2023
Ever since Facebook, now Meta, launched the Libra (Diem) project in 2019, in partnership with twenty or so other companies, including MasterCard and Visa, nation-states worldwide have been in a hurry to develop digital versions of their sovereign currencies, also known as Central Bank Digital Currencies, or CBDCs for short. In China, which has, by…