Although the European Central Bank is still undertaking its investigative stages concerning a potential Euro-Zone CBDC, it already seems to be tying itself in knots trying to limit potential disruption to the status quo as far as commercial banks are concerned.

The European Parliament has released a legal draft that confirms the implementation of strict rules for European banks' involvement with crypto assets. Under the proposed rules, crypto assets would be treated as the riskiest type of asset.

Those waiting for the European Union’s long-anticipated regulation for Markets in Crypto-assets (MiCA), have recently heard that their wait would now extend to April 2023.

Crypto app developers can rejoice now as the new EU laws will force Apple to permit alternative app stores and apps without the need to go through its own App Store.

The Digital Operational Resilience Act (DORA), a landmark legislation focused on the Information and Communication Technology (ICT) operational resiliency for financial entities was adopted on 28th of November

The European Union is getting closer to the issue of creating a completely new AML regulator that will directly supervise the financial institutions of member states. Crypto is included. It's hard to say exactly when, but the European Union will have a new regulator to oversee anti-money laundering

The AML/CFT regulations are now applicable to Crypto Asset Service Providers (CASP) that include crypto exchanges, crypto wallets and transfer services as well as crypto asset issuers