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EU Council and Commission issue draft joint statement on stablecoins

The two EU institutions noted that that no initiatives on global stablecoins should start in the EU until legal and regulatory challenges have been addressed

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Two U.S. men charged with scheme to steal cryptocurrency

The pair are alleged to have conspired to hack into, and take control over, victims' online accounts" to obtain high-value things, such as cryptocurrency, using illegal techniques, such as "SIM hacking"


Cross-border provision of services: EBA 'call for action' identifies potential impediments and solutions

What are the main roadblocks to the cross-border provision of banking and payment services? In a report, the European Banking Authority focused on licensing/authorisation, conduct of business and consumer protection requirements and anti-money laundering/combating the financing of terrorism

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EU imposes sanctions on Turkey over Cyprus drilling

The sanctions are a result of Turkey's illegal drilling off the coast of Cyprus and will consist of a travel ban to the EU and an asset freeze for persons, as well as an asset freeze for entities