EU lawmakers approve limit on crypto transactions for unverified users in fight against money laundering
MEPs have taken a significant step towards combating money laundering, terrorist financing, and sanctions evasion by approving a cap of 1,000 euros on unverified user crypto transactions. The European Parliament issued a press release stating that the new bill establishes a "single set of rules" ...
European Union Amends Data Law, Requires Forced Termination in Smart Contracts
According to recent reports, the European Union's Council has passed a new amendment to data law which requires smart contracts to have the option of forced termination. Smart contracts are automated programs stored on the blockchain that can be executed without the need for a third party. The ...
European Parliament Passes Bill to Protect Privacy of Digital Wallets using Zero-Knowledge Proof Technology
The majority vote of the European Parliament has resulted in the passing of a bill that aims to safeguard the privacy of EU citizens' digital wallets by utilizing zero-knowledge proof technology. The plenary session of the European Parliament saw 418 votes in favor of the bill on the digital iden ...