Eu Financial News

BEIJING — Since taking office last year, President Joe Biden has pursued a strategy of restoring relationships with allies to put pressure on Beijing.

This is surprising because with cryptocurrency and crypto exchange platforms, like CoinSwitch, becoming a more mainstream part of the global financial system, as they have done in recent years, their vulnerability to the effects of international conflict increases.Crypto prices rally: The facts and the context

The European Commission has unveiled plans to harmonise the criminalisation of violence against women across the 27-nation bloc.

Brussels will slash by two-thirds the European Union's reliance on Russian gas in response to the war in Ukraine, the European Commission announced on Tuesday.

While the US President Joe Biden is reportedly set to sign a new crypto- and central bank digital currency (CBDC)-related executive order, the European Union is set for a vote on the much-discussed Markets in Crypto Assets (MiCA) framework.

Brussels will unveil new plans on Tuesday to ditch Russian fossil fuels to achieve greater energy independence following Moscow's invasion of Ukraine.

The parliament of the European Union has scheduled a vote on a framework aimed at regulating cryptocurrencies after addressing concerns over proof-of-work mining.

A war rages on Europe’s eastern rim, having already left thousands of people dead and injured and millions more displaced. Digital assets have become so woven into the global financial system that a major political and economic crisis like the one unfolding right now has crypto inevitably involved on all levels: individual, institutional and national. From Russian nationals turning their burning passports into nonfungible tokens (NFTs) to refugees using crypto as a last financial resort, millions of dollars worth of crypto donations flowing to Ukraine, and both digital asset platforms and the United States government weighing crypto sanctions against Russia, cryptocurrencies play a significant role in the events surrounding the ongoing calamity. It is also evident at this point that the crisis, in turn, will massively affect crypto itself, accelerating its adoption and regulation globally.

Ukrainian refugees have been arriving at the Polish border city of Przemyśl carrying light luggage but a heavy burden.

The global crypto derivatives and spot trading exchange FTX is expanding to Europe after receiving approval from the Cyprus Securities and Exchange Commission (CySEC).

Ukrainian President Volodymyr Zelenskyy said late on Sunday that Ukraine will not forgive Russia for all the victims and suffering the war it started had caused.

A second attempt to evacuate civilians from a southern Ukrainian port city where supplies are running short was stopped due to a Russian assault, a Ukrainian official said.

As war rages in Ukraine, US Secretary of State Antony Blinken pledged America’s support for Moldova as the small European state deals with an influx of refugees.

Sanctions have forced Russia's flagship airline Aeroflot to announce an end to almost all of its international flights.

After many Russian banks were barred from the SWIFT system amid the Ukraine conflict, Moscow has been facing a financial meltdown.

The global cryptocurrency market capitalisation fell 4.49 percent over the last 24 hours to $1.75 trillion, while trading volumes declined 3.43 percent to $83.23 billion during the period.

Russian President Vladimir Putin is "totally and utterly isolated," the former Finnish prime minister told Euronews.

Calls to clampdown on exchanges operating in Russia are contrasted with those who laud crypto as a means to provide Ukrainians with an alternate form of currency and fast access to financial support from across the globe. It remains to be seen whether regulators (perhaps especially those in the US) will feel sufficiently vindicated in their long-standing opposition to cryptocurrency given its ability to funnel funds into the hands of bad actors, to push back further on allowing crypto in the market in any mainstream way.

The City of Lugano in Switzerland has entered into a partnership with Tether Operations Limited to drive its technological advancement while enabling its capabilities to allow its residents to pay their taxes through cryptocurrencies. 

The Dogecoin Foundation announced on Twitter on Wednesday that it had registered “Doge,” “Dogecoin” and its associated logos as trademarks in the European Union. The certificate displayed in the tweet was dated Jan. 13, 2022.

Moldova has formally asked to join the European Union, a week after Russia invaded Ukraine.