Eu

The fact that U.S. President Donald Trump officially imposed a 25% tariff on imported steel and aluminum could spark a new trade war between the U.S. and the European Union (EU). In response to this move, the EU announced it would tax €26 billion worth of U.S. goods starting in April, escalating trade tensions.

Impact on the cryptocurrency market

Increased economic instability → Does cryptocurrency benefit?

On April 2, 2025, after the European Commission President's proposal of "0% to 0% tariff" was rejected, the EU imposed a 25% tariff on many products from the USA, including almonds, orange juice, soybeans, steel, aluminum, tobacco, and yachts, in response to President Trump's tariffs. This move, although defensive in nature, is causing negative impacts on the global financial market.

Analysis: Escalating Trade War

While many investors focus on Bitcoin, Ethereum, or 'memecoin' tokens, an important and increasingly influential part of the crypto world is quietly solidifying its position: Stablecoins.

Last week, the Italian Finance Minister – Mr. Giancarlo Giorgetti – issued a notable warning that the US's move towards legalizing stablecoins could threaten the euro more than President Trump's import tax increase. But this is a positive signal for the crypto market in general, especially for users worldwide – including the Binance community.

Crypto firms have to do checks on transactions of 1,000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets.Policymakers in the European Union on Wednesday reached a provisional deal on parts of a comprehensive regulatory package to combat money laundering that will force all crypto firms to run due diligence on their customers.The Anti-Money Laundering Regulation (AMLR) is a broad-stroke effort to combat sanctions evasion and money laundering. It includes the creation of a single rulebook and sets up a supervisory authority that will also have purview over the crypto sector.The European Parliament and Council (which gathers finance ministers from the bloc's 27 member states) have agreed to measures, including for crypto firms to apply "customer due diligence measures when carrying out transactions amounting to €1,000 ($1,090) or more."The deal also adds measures to mitigate risks in relation to transactions with self-hosted wallets, Wednesday's announcement said.The EU last year finalized specific AML checks on crypto fund-transfers alongside its landmark Markets in Crypto Assets (MiCA) regulation. In December, the European Parliament and Council agreed on setting up the AML supervisory authority. Wednesday's agreement specifically concerned the EU's sixth money-laundering directive and the rulebook as part of the AMLR.The package may have got tougher as it went through the EU's complex legislative process in light of U.S. sanctions against crypto anonymizing tool Tornado Cash, as well as fears that crypto was being used to evade sanctions by Russia and even Hamas. A lawmaker leading the discussions on the package in Parliament last year assured the measures won't seek to outlaw privacy-enhancing crypto.Industry body, the EU Crypto Initiative, urged lawmakers in May 2023 to remove planned restrictions on privacy-preservation tools or, failing that, to include a "clear delineation between prohibited anonymous high-risk accounts and high-risk anonymizing instruments.""This agreement is part and parcel of the EU’s new anti-money laundering system. It will improve the way national systems against money laundering and terrorist financing are organized and work together. This will ensure that fraudsters, organized crime and terrorists will have no space left for legitimizing their proceeds through the financial system," Belgian Minister of Finance, Vincent Van Peteghem, said in a press statement.#eu #cryptonews #moneylaundering #TrendingTopic #MANTA

On March 25, BlackRock will list its iShares Bitcoin ETF on the European market. The instrument will be traded under the ticker IB1T on the Xetra and Euronext Paris platforms, and under the ticker BTCN in Amsterdam, Bloomberg writes.
This is the first time BlackRock's cryptocurrency funds have ventured outside the US.

“The launch of the product reflects what can truly be considered a game-changer in the industry – the combination of established demand from retail investors and the growth of the professional community,” said Manuela Sperandeo, head of iShares Product at BlackRock in Europe and the Middle East.