Cryptocurrency

From June 6 to 9, more than 185 million people from the European Union’s 27 member states voted for candidates to serve a five-year term in a new European Parliament, the legislative branch of the political bloc.This pivotal event will shape the political direction of the EU for five years, and crypto and blockchain are no exception. The election results are mixed: The Christian Democrats won 10 seats, while the Social Democrats hung on, losing only four seats, and the pro-business (and pro-crypto) Renew Europe Group lost 23 seats. The...

Data encryption can help balance individual privacy and collective security. However, cryptocurrency mixing protocols may face an uphill battle for European legislative acceptance.The EU Innovation Hub, a collaborative initiative involving members from European Union agencies and member states, has published its first report on encryption. The report emphasizes the “dual-use” nature of cryptographic technologies.Source: EurojustThe good and bad in cryptoThe report supported cryptocurrency and nonfungible tokens (NFT) inherent reliance on public-private cryptography for storage, mining and transfers. However, some bad actors use the system to evade law enforcement, specifically protocols...