European Union Reaches Agreement To Track Crypto Transactions Over 1,000 Euros

Netherlands is one of five opposed to EU’s 200 billion euro budget for 2025

NL Times

After protracted negotiations, the European Union reached a preliminary agreement on its 2025 budget, but the Netherlands remains a vocal dissenter. The agreement, struck between EU finance ministers and the European Parliament, outlines 192.7 billion euro in commitments and 149.6 billion euro in payments. While the budget falls short of the European Parliament’s initial request of 194 billion euro, it …

Dutch Netherlands Financial Budget Billion Euro Member States

5 months ago

After US, Ferrari to start accepting crypto currency in Europe

Firstpost

“The entry into the European market follows the successful launch of this alternative payment system in the United States less than a year ago, to support dealers in better addressing the evolving needs of its clients,” the company said in a statement Italian luxury carmaker Ferrari said Wednesday its European dealers will start accepting cryptocurrency, following a similar move in …

Europe Crypto Currency European Ferrari Support Dealers

5 months, 2 weeks ago

EU warns France to cut deficit by £12bn or face punishment

The Telegraph

The European Commission sent the £12.6 billion yearly demand to Paris last month, Bloomberg reported. The cut is equivalent to about 0.55 per cent of annual GDP over seven years and is seen as the opening gambit in tough negotiations over France’s debt. Under the bloc’s Excessive Deficit Procedure, member states must keep their deficit below 3 per cent of …

France Brussels Cent

11 months, 3 weeks ago

Will consumers have to pay to access cash or face a future without banknotes?

ABC

When Tony Liparto started his sporting goods and trophies business 36 years ago, nearly all his customers were paying with cash. "Those days, it was probably 96 per cent to 95 per cent cash — and then you had cheques when you dealt with clubs," he says. According to the RBA, in 2007, 69 per cent of Australians said they …

Access Payments Digital Payments Bank Pay Credit Cards Senate

1 year ago

Use of physical cash one for the up for first time in at least a decade

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Across the UK, cash accounted for 19 per cent of …

Payments Cent First Time Email 2022 Cash Transactions

1 year, 3 months ago

Transactions seen as red flags by Income Tax Department; can send tax notice

Live Mint

Many taxpayers are dreading after some people complained on their social media handles of getting Income Tax notices. Several factors could lead to the department issuing a notice to an account holder depositing more than Rs 10 lakh in cash within a fiscal year. If a payment exceeding Rs 1 lakh is made in cash towards your credit card bill …

Money Laundering Red Notice Funds Rbi Lakh Account

1 year, 5 months ago

EU to take one giant leap towards digital euro

The Hindu

The EU will take the next crucial step on Wednesday towards launching a digital version of the euro, a controversial project that has come under attack from the public, politicians and banks before it even exists. Critics question the need for a digital euro and banks warn of major risks, while the ECB's own study found the public was concerned …

Digital Payment Banks European Euro Ecb Digital Euro

1 year, 7 months ago

Crypto should be regulated as gambling, UK lawmakers say

The Hindu

Bitcoin, Ether and other cryptocurrencies should be regulated as gambling given they are potentially used by fraudsters and pose significant risks to consumers, a panel of UK lawmakers said in a report on Wednesday. Regulating retail trading and investment in unbacked cryptocurrencies could create a 'halo' effect that leads consumers to think the activity is safer than it is, or …

Crypto

1 year, 8 months ago

EU Parliament approves world's most sweeping cryptocurrency rules

The Hindu

The European Parliament approved the world's first comprehensive rules to regulate the "Wild West" world of cryptocurrencies on April 20, hoping to protect investors against abuse and manipulation. EU member states have already backed the legislation covering cryptoassets, which include cryptocurrencies such as bitcoin and ethereum and other tradable tokens whose value is secured using blockchain technology, such as NFTs. …

Rules Parliament Ftx Mcguinness

1 year, 10 months ago

Nigerian leader defends currency swap as pain, protests grow

Associated Press

ABUJA, Nigeria — Nigerian President Muhammadu Buhari said Thursday that the country’s redesigned currency would bolster the upcoming presidential election, appealing for an end to violent protests over a resulting cash shortage that has led to daylong lines at banks, business closures and people unable to pay for basic needs. Nigerians have been unable to access cash in recent weeks …

Nigeria Bank Cash Nigerian Naira Buhari Old Currency

1 year, 10 months ago

Dutch central bank says too many retailers refuse cash payments

NL Times

Too many retailers in the Netherlands have stopped accepting cash payments, warned the De Nederlandsche Bank, the country’s central bank. Refusing cash makes it more difficult for some people to make purchases, and the usability of coins and banknotes generally decreases as more and more retailers want to customers to use debit cards instead, the central bank said. About one …

Payments Bank Card Retailers Dnb Cash Payments Cash Pay

2 years ago

Experts raise concerns as Nigeria limits cash withdrawals

Associated Press

ABUJA, Nigeria — Experts on Wednesday raised concerns over a new policy announced by the Central Bank of Nigeria that heavily limits withdrawals of money in a push for a cashless economy. The central bank limited weekly over-the-counter cash withdrawals to 100,000 naira for individuals and 500,000 naira for corporations, with a processing fee required to access more. “In compelling …

Nigeria Bank Cash Withdrawals Naira Cash Withdrawals

2 years, 3 months ago

Cash has just five years left, warns ATM boss

The Telegraph

The chief of the UK’s largest ATM network has warned that cash has as little as five years left, as the country’s infrastructure experiences “death by a thousand cuts”. “The cost of providing cash infrastructure, which includes the ATMs, security and bulk cash centres is huge at £5bn a year,” said John Howells, chief executive at Link. “Our cash infrastructure …

Cash Banking Hubs Mr Howells Left Warns

2 years, 4 months ago

Liz Truss vows to protect right to use cash amid growth in contactless payments

The Telegraph

Liz Truss has vowed to protect people’s right to use cash, as she suggested businesses should not only accept card payments. There were six billion cash payments made in 2021, down 1.7 per cent on the year before, as many restaurants, cafes and supermarkets started to refuse cash as a form of payment. However, there are still 1.1 million people …

Payments Payment Cash Protect Right

2 years, 5 months ago

Dutch regulator fines crypto exchange Binance €3.3 million

NL Times

De Nederlandsche Bank fined the world’s largest crypto exchange Binance, where you can trade in digital currencies like Bitcoin, over 3.3 million euros. According to the regulator, Binance offered crypto services in the Netherlands without a legally required registration with the DNB. When determining the amount of the fine, DNB took into account Binance’s position as the largest crypto party …

Crypto Regulator Binance Dnb

2 years, 5 months ago

Crypto rules to make Europe a global leader as prices plunge

Associated Press

LONDON — Europe has moved to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny. The EU’s crypto rules “will ensure a harmonized market, provide legal certainty for crypto-asset issuers, guarantee a level playing field for service providers and ensure high standards …

Europe Money Laundering Regulations Crypto Rules European Crypto Companies

2 years, 5 months ago

EU seeks deal on ground-breaking rules to regulate crypto

The Hindu

The European Union on Thursday will seek agreement on ground-breaking rules for regulating crypto assets as the rout in Bitcoin piles pressure on authorities to rein in the sector. A deal would put the EU ahead of the global regulatory pack by giving issuers of crypto assets and providers of related services a “passport” to serve clients across the EU …

Crypto Assets Crypto Assets

2 years, 6 months ago

EU seeks more clout against sanctioned Russian oligarchs

Associated Press

BRUSSELS — The European Union’s executive arm entered sensitive legal territory on Wednesday with a proposal to confiscate the frozen assets of oligarchs who try to violate the bloc’s sanctions over Russia’s war in Ukraine. The second legislative proposal aims to expand the list of acts deemed to be “EU crimes” by including breaches of European sanctions. “Many times we …

Ukraine Russia Sanctions Assets Rules Russian European

2 years, 7 months ago

Dutch central bank acts on illegal crypto currency firms: FD

Dutch News

The Dutch government has taken action against illegally-operating crypto currency companies for the first time, the Financieele Dagblad said on Thursday. Many foreign crypto currency firms are not registered with the central bank, which threatened last year to take legal action against them because unregulated firms are not compliant with anti money laundering regulations. Last year the bank started legal …

Dutch Netherlands Crypto Bank Currency Firms Crypto Currency Firms

2 years, 7 months ago

Dutch central bank acts on illegal crypto currency firms: FD

Dutch News

The Dutch government has taken action against illegally-operating crypto currency companies for the first time, the Financieele Dagblad said on Thursday. Many foreign crypto currency firms are not registered with the central bank, which threatened last year to take legal action against them because unregulated firms are not compliant with anti money laundering regulations. Last year the bank started legal …

Dutch Netherlands Crypto Bank Currency Firms Crypto Currency Firms

3 years, 5 months ago

Cash is still king: central bank calls for action to keep notes and coins

Dutch News

The Dutch central bank has called on banks, the government and other agencies to ensure that cash remains readily accessible and available in the Netherlands for at least the next five years. Before alternative, digital payment schemes can be developed as a fall-back option to replace cash, notes and coins must be widely available and accessible, the central bank said. …

Netherlands Central Bank Bank Cash

3 years, 5 months ago

Cash is still king: central bank calls for action to keep notes and coins

Dutch News

The Dutch central bank has called on banks, the government and other agencies to ensure that cash remains readily accessible and available in the Netherlands for at least the next five years. Before alternative, digital payment schemes can be developed as a fall-back option to replace cash, notes and coins must be widely available and accessible, the central bank said. …

Netherlands Central Bank Bank Cash

3 years, 6 months ago

Most NL residents believe cash will still be common in five years

NL Times

Three quarters of Dutch residents expect to still be using cash five years from now. At the same time, about 42 percent expect that they will use cash less frequently, the Dutch Central Bank said based on a survey of over a thousand people. "The Dutch people who expect to pay with cash either less often or not at all …

Dutch Five Years Bill Cash Dnb

3 years, 10 months ago

Is it finally time to say goodbye to cash?

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. In last year’s Budget, just weeks before the first …

Financial Access Legislation According Million Cent Cash

3 years, 10 months ago

Crypto’s dirty side: 270 addresses laundered $1.3bn in 2020

Al Jazeera

New research shows that criminals are using a small group of crypto brokers to launder hundreds of millions of dollars. Criminals are using a small group of cryptocurrency brokers and services to launder hundreds of millions of dollars of dirty virtual money, research shared with Reuters news agency showed on Thursday. A total 270 cryptocurrency addresses, many connected to over-the-counter …

Crypto Chainalysis Dirty Virtual Received Illicit

4 years, 2 months ago

Cash usage halves in three years amid fears coronavirus has accelerated 'permanent' decline

The Telegraph

Cash usage has nearly halved in three years, ATM data has shown, amid fears coronavirus has accelerated the “permanent” decline in notes and coins. Millions of people still rely on cash for their day-to-day spending, experts said while a charity warned the UK is “hurtling towards a cashless society”. Gareth Shaw, from consumer group Which?, said: “While digital payments have …

Cash

European Union Reaches Agreement To Track Crypto Transactions Over 1,000 Euros

Discover Related