Altcoin News by Thebittimes.Com

The European Securities and Markets Authority (ESMA) has recently called for public feedback to help shape the criteria for classifying cryptocurrency assets as financial instruments. The latest move follows the European Parliament’s passage of the Markets in Crypto Assets (MiCA) regulations in August last year, marking a significant step in the regulation of the crypto market in Europe. #ESMA publishes 2⃣ Consultations Papers on guidelines under Markets in Crypto Assets Regulation #MiCA: on reverse solicitation on the classification of crypto-assets as financial instruments ️ Send your comments by 29 April 2024https://t.co/PEosx4t3UO pic.twitter.com/v31nWMUEcu — ESMA – EU Securities Markets Regulator (@ESMAComms) January 29, 2024 The ESMA’s request for input is part of an ongoing discussion about how to effectively regulate the burgeoning crypto industry in Europe. The authority highlighted the challenge of applying a standardized test to determine wh...

Blockchain technology is making its way into the court system, with digital summons being served with NFTs. RBB Lab, a technology development firm based in the Republic of San Marino, has utilized nonfungible token (NFT) technology to issue a court summons to a former employee and a contractor. RBB Lab CEO Enrico Rubboli told Cointelegraph that it summoned the two individuals to the Judiciary of Italy on claims of attempted extortion and aggravated defamation of the firm. The summons was “an order restriction that we are asking them to stop this campaign against us,” said Rubboli. This is the first time that an NFT has been used to deliver a court summons in Italy. If this technology catches on, it could mean big changes in how Italy handles legal cases in the future. The RBB team says that serving a summons via the blockchain is more efficient than the traditional process, which can take weeks. Rubboli, said, “The goal is to streamline the process and make it more efficient,” adding...

While the euro has found support between 0.96 to 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around $0.86 against the greenback. While the dollar slumped on October 13, the fiat currency is rising again and market strategists from Citi argue that the U.S. dollar “has likely not peaked yet.” Citi Market Analysts Suggest Euro Could Tap $0.93 — Financial Institution’s FX Strategists Say EU’s Currency May Slip to $0.86 if Economy Continues to Sour In recent times, the official fiat currency of 19 out of the 27 member states of the European Union (EU), the euro (EUR), has been in a slump against the U.S. dollar (USD). Year-to-date, the euro has lost 14.53% against the greenback and six-month stats indicate the EUR is down 10.09%. While the 10% shave hurts, the percentage loss is less severe than fiat currencies like the Japanese yen (down 14.99% in six months), the U.K.’s pound sterling (down 14.46% in six...