EU Plans To Release Global Crypto Earnings Reports, FTX Founder Sam Bankman-Fried Arrested – Breaking News of the Week

A lot has happened over the past week – both in the European crypto and blockchain space and around the world. Here you can read the latest news at a glance.

Local:

The EU extends anti-money laundering regulations to the crypto sector and provides a global reporting requirement for gains from crypto assets.

The EU wants to use the “Directive on Administrative Cooperation” (DAC8) to order crypto exchanges and other financial service providers around the world to report transaction data in the crypto industry.

The new anti-money laundering regulation also brings new regulations for all crypto service providers, trading portals, and businesses that accept crypto as payment. This also means that cash payments are limited to a maximum of EUR 10,000.

France Aims For Stricter Crypto Regulation After FTX Scandal

The French parliament is negotiating the repeal of a relaxation that would soon require crypto companies to obtain licenses.

German crypto-trading platform Bitcoin Group SE acquires Bankhaus von der Heydt.

According to a December 12 announcement, Bitcoin Group SE has tentatively offered to pay bank owner Dietrich von Bötticher €14 million and 150,000 shares. Subject to approval by the Federal Financial Supervisory Authority (BaFin), the transaction is expected to close in the third quarter of 2023.

Bitkom: German companies have a mixed relationship with the Metaverse.

As a survey by the digital association Bitkom has shown, there is a balance between skepticism and openness when it comes to the future subject of the metaverse in the German economy.

More than a quarter (26%) of the companies surveyed are interested in the subject, almost one in three companies (29%) are rather critical or dismiss the subject as not being relevant for the company. 34% of respondents do not yet have a definitive opinion on the Metaverse.

The Netherlands, on the other hand, tops the Metaverse rankings.

According to market studies, the country offers the best framework conditions for up-and-coming technology. According to this, the Netherlands is at the top with an average broadband speed of 106.51 Mbps and the small country is also in the top ranks with technology export profits of nearly US$6,000 per capita.

​​Interview with Bitpanda’s Eric Demuth: “All crypto companies are lumped together”.

Where does the crypto industry stand after the crash of FTX and Alameda? Do centralized crypto exchanges even have a future? Aren’t crypto companies getting over-regulated now? Cointelegraph in German posed these questions to Eric Demuth, co-founder and co-CEO of investment platform Bitpanda, and more.

All about FTX & Co.:

  • FTX founder Sam Bankman-Fried arrested pending extradition to US

  • Binance’s proof of reserves contains warning signs.

  • CFTC files fraud charges against Sam Bankman-Fried, FTX and Alameda.

  • The Bahamas asked SBF to create a new cryptocurrency.

  • Binance records over $3.6 billion in net withdrawals.

  • Auditor Mazars Removes Binance PoR Audit Report

  • United States: Democrats to return over $1 million in FTX donations.

What’s new?

  • Simply explained: does proof of reserves bring more security to crypto investors?

  • Microsoft bans crypto mining on cloud services.

  • New York now conducts crypto transactions for banks subject to approval.

And what about bitcoin?

Bitcoin price action has stagnated since the FTX crash. Now, volatility could erupt as the most important CPI data of the year is now upon us. Read more in our analysis.

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