European Parliament Approves Tighter Measures to Combat Money Laundering and Terrorist Funding
The European Union Parliament has endorsed an Anti-Money Laundering and Countering the Financing of Terrorism (AML/CTF) bill, setting a €1,000 ($1,088) limit on anonymous digital currency transactions. Additionally, the legislation creates a new anti-money laundering authority to strengthen regulatory supervision.
'Dr. Doom' Nouriel Roubini Anticipates Upcoming Banking Crisis and Central Banks' Trilemma
In a recent opinion piece, esteemed economist Nouriel Roubini, also known as "Dr. Doom," voiced his apprehensions about the present condition of the US banking sector. Roubini cautions that the majority of American banks teeter on the edge of insolvency, with hundreds already deemed completely insolvent. These startling claims highlight the potential dangers and obstacles that the US banking sector could confront in the near future.
Household Crypto Assets Integrated into Bank of Russia's Consumer Finance Survey
The Bank of Russia's consumer finance survey now encompasses household holdings of crypto assets. The gathered information reveals that a greater share of wealth is held by Russian families in cryptocurrency wallets rather than in gold investment accounts or mutual funds. This highlights the growing significance of digital assets in Russia's financial environment.
Istanbul to Welcome Eurasia's Largest Blockchain Gathering Once More on May 8-11, 2023
The Summit, known as Eurasia's premier blockchain and crypto gathering for the past five years, is set to occur in Istanbul from May 8-11, 2023. The event will delve into a variety of topics including NFTs, blockchain gaming, De-Fi, the metaverse, institutional blockchain adoption, crypto investments and trading, and regulations safeguarding user funds. With attendees hailing from over 80 countries, the Summit will provide abundant networking possibilities.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.