FameEX Afternoon Crypto News Recap | April 3, 2023

EU Parliament Adopts Stricter Regulations to Counter Money Laundering and Terrorist Financing
https://www.fameex.com/en-US/news/crypto-trending-news-2023040303
The EU Parliament recently voted in favor of an Anti-Money Laundering and Countering the Financing of Terrorism (AML/CTF) bill, which includes a €1,000 ($1,088) cap on anonymous digital asset transactions. The legislation also establishes a new anti-money laundering authority to enhance regulatory oversight.

'Dr. Doom' Nouriel Roubini Foresees Impending Banking Crisis and Trilemma for Central Banks
In a recent opinion editorial, renowned economist Nouriel Roubini expressed his concerns about the current state of the banking sector in the United States. Roubini, often referred to as "Dr. Doom," warns that most US banks are on the brink of insolvency, with hundreds already considered fully insolvent. These alarming assertions shed light on the potential risks and challenges that the US banking industry may face in the near future.

Crypto Assets Held by Households Incorporated in Bank of Russia's Consumer Finance Survey
In its consumer finance survey, the Central Bank of Russia has now included household crypto asset holdings. The data collected indicates that Russian families tend to hold a larger portion of their wealth in cryptocurrency wallets compared to gold investment accounts or mutual funds, showcasing the increasing prominence of digital assets in the country's financial landscape.

Istanbul Set to Host Eurasia's Biggest Blockchain Event Again on May 8-11, 2023
Eurasia's largest blockchain and crypto event for five consecutive years, the Summit, will take place in Istanbul on May 8-11, 2023. Covering topics such as NFTs, blockchain gaming, De-Fi, metaverse, institutional adoption of blockchain, cryptocurrency investments and trading, and user fund protection regulations, the event will feature extensive networking opportunities and participants from over 80 countries.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.