🇪🇺 LATEST: The ECB called for swift adoption of the digital euro regulation. https://t.co/h6Vt1xy4qZ ...

European Central Bank Executive Board member Piero Cipollone said an online and an offline digital euro would be needed to reap the full benefits of the electronic money https://t.co/HxfezTPXQi ...

The European Central Bank is pushing back against a European Parliament proposal that would launch the planned digital euro solely offline https://t.co/NmC0QjOtzj ...

Core Viewpoint - The European Union's upcoming Anti-Money Laundering Regulation (AMLR) will not ban self-custody wallets or peer-to-peer (P2P) crypto transactions, contrary to misinformation circulating in the cryptocurrency community [1][2]. Summary by Sections AMLR Overview - The AMLR is designed to combat money laundering and terrorist financing across the European Union [3]. - The obligations of the AMLR apply only to crypto-asset service providers (CASPs), such as exchanges, brokers, and custodial wallets, and do not affect individuals using self-custody solutions [4]. Impact on Self-Custody and P2P Transactions - The regulation does not impose restrictions on peer-to-peer transfers or the use of private wallets, meaning self-custody wallets remain unaffected [7]. - Hardware and software wallets, such as those provided by Ledger and MetaMask, are excluded from the AMLR's compliance scope [7]. Changes from Initial Proposals - The final text of the AMLR reflects a more balanced approach after advocacy efforts, removing severe restrictions that were present in earlier drafts, such as €1,000 limits on self-custody payments [5][6]. - The regulation focuses on intermediaries rather than individuals managing their own crypto assets, which is crucial for European crypto users [6]. Compliance and KYC Requirements - Exchanges will continue to follow existing AML rules established under AMLD5 and MiCA, maintaining standard Know Your Customer (KYC) requirements for CASPs [7]. - The regulation also caps physical cash payments at €10,000, although member states can adopt stricter thresholds [7].

🇪🇺 Christine Lagarde calls the digital euro a “symbol of trust” as the crypto community calls it control.Who do you trust? https://t.co/rapyJN8sCD ...

Europe could see the digital euro issued continent-wide as early as 2029, after a potential CBDC pilot in mid-2027. https://t.co/L7UWzBDG0m ...

The ECB may launch a pilot phase for the digital euro in 2027, provided national governments and the European Parliament agree on a legal framework next year https://t.co/l0QsTRk5m7 ...

Digital Euro - The European Central Bank will continue preparations for the digital euro after the current phase concludes this month [1]

Digital Euro Development - The ECB (European Central Bank) has reached a framework agreement with seven tech partners for digital euro components [1] - The digital euro potentially launching in 2029 [1] Key Components - The framework covers fraud management [1] - The framework covers secure exchange of information [1] - The framework covers storage management [1]

Market Trends - US M2 money supply reaches a new all-time high of $22.2 trillion [1] - EU regulators aim for a mid-2029 launch of the digital euro (CBDC) [1] - SEC is expediting the launch of crypto products in the US [1]