Tag: affect

How Europe’s new AML regulation will affect crypto

[ad_1] According to recent media reports, six European countries, led by Germany, are working on launching an Anti-Money Laundering (AML) body that will include the cryptocurrency market in its purview. Details remain scarce, but it is known that the initiative involves Germany, Spain, Austria, Italy, Luxembourg and the Netherlands. The group is working on “the remit and design” of a new international AML watchdog force that will have a particular emphasis on crypto, and the European Commission — the key executive institution of the European Union — will be the…

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Digital ruble should not affect inflation, Bank of Russia says

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[ad_1] The Bank of Russia will only fully adopt a central bank digital currency (CBDC) if the digital ruble meets several conditions within pilot tests, governor Elvira Nabiullina said. Nabiullina spoke of the digital ruble before the State Duma Committee on Financial Markets on Monday, disclosing more details about the CBDC rollout, local news agency Interfax reported. The Bank of Russia will only adopt the CBDC after the bank makes sure that rubles can be easily converted from cash into the digital ruble and non-cash, and only at a one-to-one…

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