Irish Gov’t Approves Anti-Money Laundering Bill Affecting Cryptocurrency

The Cabinet, the executive organ of the government of Ireland, has approved a bill that would give effect to the European Union (EU) Fifth Anti-Money Laundering (AML) Directive, the Irish Times reported Jan. 3. The directive — which came into…

Crypto-Friendly Banking App Revolut Obtains EU Banking License

Crypto-friendly fintech startup Revolut has obtained a banking license in Lithuania, technology news outlet TechCrunch reported Dec. 12. As the report states, the startup obtained a license through the Bank of Lithuania and “is leveraging passporting rules to operate in…

Germany’s Second-Largest Stock Exchange and SolarisBank Partner to Launch Crypto Exchange

SolarisBank and Stuttgart Exchange Group are jointly developing infrastructure for a cryptocurrency exchange, Cointelegraph Germany reports Dec. 12. The Stuttgart Exchange, founded in 1860, is the second-largest stock exchange in Germany and the ninth-largest in Europe. SolarisBank, on the other…

UK Government Says It Will Update Crypto Tax Guidance By Early Next Year

UK officials have outlined a range of regulatory steps around cryptoassets and distributed ledger technology (DLT) in a new report. The UK government’s “Cryptoasset Taskforce,” first announced this past March, published its final report on Monday, finding that the technology that makes…