Luxembourg Financial News

07.07 / 14:11

Trading Exchange fees community Bitstamp Drops Inactivity Fee Following Massive Backlash From Community

Luxembourg-based crypto exchange Bitstamp has abandoned plans to charge a monthly fee on inactive users with low balances after massive backlash from the community.

29.06 / 12:13

European Union NATO innovation Deal EU member states strike late-night deal on climate laws

European Union member states reached a deal in the early hours of the morning on Wednesday on a series of measures they hope should put the bloc on track to become carbon neutral by 2050.

14.06 / 16:11

European Union Refugees MEPs strike down EU plans to label nuclear and gas as green investment

The European Commission’s highly controversial plan to label gas and nuclear as sustainable energy sources was on Tuesday struck down by two key parliamentary committees.

03.06 / 18:53

European Union Queen Elizabeth II ‘Not acceptable’: Xavier Bettel lashes out at Viktor Orbán over Kirill's removal from EU sanctions

The prime minister of Luxembourg has decried as "unacceptable" the last-minute removal of Patriarch Kirill, head of Russia's Orthodox Church, from the new list of EU sanctions.

11.05 / 12:43

business Funding Venture Capital FinTech FCA-regulated Fasanara Capital raises $350M crypto and fintech VC fund

London-based asset manager Fasanara Capital has launched a $350 million investment fund to back fintech and cryptocurrency startups that can deliver new use cases for the emerging Web3 economy.

23.04 / 12:33

Law Europe European Union Macron or Le Pen: What promise does each presidential candidate hold for crypto?

As France braces for the April 24 presidential election in a runoff, political pundits around the globe are making their bets. The choice is between the centrist incumbent Emmanuel Macron and right-wing populist Marine Le Pen. Much of the political debate this time revolves around economics, but there is one indispensable part of it that is largely absent from the candidates’ electoral agendas: digital assets. While both have a record of public statements on matters related to crypto, neither Macron nor Le Pen seems to be likely to trigger any significant policy change with regard to the French digital economy.

07.04 / 11:43

Climate change Refugees EU officials investigate salmonella cases linked to Kinder chocolate eggs

European health officials say they are investigating a “rapidly evolving” outbreak of salmonella linked to Kinder Surprise chocolate eggs.

02.04 / 03:27

Digital ETF Bitcoin With 3 new crypto ETPs to be launched in Europe, can U.S. afford to stay behind

In the past week, digital asset investment products witnessed the most significant inflows so far this year at $193 million. Interestingly, Europe saw a majority of the flow, in this case, some 76% of total inflows at $147 million.

01.04 / 23:57

LGBT Health San Marino becomes first country in the world with LGBT+ head of state

San Marino has reportedly become the first country in the world to elect an openly LGBT+ head of state.

31.03 / 11:59

wallet Investment Blockchain.com valuation Blockchain.com More than Doubles its Valuation to USD 14B in 12 Months

The crypto wallet operator and exchange service Blockchain.com has more than doubled its valuation to the USD 14 billion mark in the space of a year, the firm has claimed.

29.03 / 13:15

business ETF Cardano Bitcoin ETF provider WisdomTree launches Solana, Cardano, Polkadot ETPs

The American exchange-traded fund (ETF) provider WisdomTree continues expanding its cryptocurrency products in Europe by launching three new crypto exchange-traded products (ETP) backed by Solana (SOL), Cardano (ADA) and Polkadot (DOT).

11.03 / 12:05

Law Europe European Union AML consolidation Consolidation and centralization: How Europe’s new AML regulation will affect crypto

According to recent media reports, six European countries, led by Germany, are working on launching an Anti-Money Laundering (AML) body that will include the cryptocurrency market in its purview. Details remain scarce, but it is known that the initiative involves Germany, Spain, Austria, Italy, Luxembourg and the Netherlands. The group is working on “the remit and design” of a new international AML watchdog force that will have a particular emphasis on crypto, and the European Commission — the key executive institution of the European Union — will be the primary platform for the discussion. How will the move affect the European crypto space?

10.03 / 19:29

Tether Gold Backed Time Gold-backed cryptos are shining in 2022, market cap hits $1B for the first time

The market capitalization of gold-backed crypto tokens increased by 60% in 2022 to surpass $1 billion for the first time in history, according to Arcane Research in its latest weekly report.

01.03 / 20:07

UPS DOW CEO Strategy Backed Russian-backed investment fund tied to influential U.S. corporate consulting firm

An investment fund backed by Russian oligarchs that have been sanctioned by the European Union following the invasion of Ukraine has ties to Teneo, an influential corporate advisory firm based in the United States.

24.02 / 16:39

UPS Citigroup Continental Citigroup hires Gambardella to head up Paris trading unit

Citigroup has hired a new head of sales and trading for its business in Paris, as banks increasingly bulk up on the continent in the wake of Brexit.

24.02 / 01:05

regulation Europe European Union AML 2024 EU members reportedly plan for AML watchdog to oversee crypto firms by 2024

The European Commission, in coordination with other authorities, reportedly plans to have its financial watchdog group potentially oversee illicit transactions at crypto firms.

23.02 / 13:53

Europe Germany-Led Group Wants a New EU Watchdog to Regulate Crypto Firms

The European Union is planning to dote its planned anti-money laundering and terrorist financing watchdog with powers related to oversight over cryptoasset businesses, according to "people familiar with the matter." The designed authority is to be launched in 2024 and become fully operational two years later.

23.02 / 12:23

UPS Citigroup Continental Citigroup hires Gambardella to head up Paris trading unit

Citigroup has hired a new head of sales and trading for its business in Paris, as banks increasingly bulk up on the continent in the wake of Brexit.

22.02 / 22:59

UPS Citigroup Continental Citigroup hires Gambardella to head up Paris trading unit

Citigroup has hired a new head of sales and trading for its business in Paris, as banks increasingly bulk up on the continent in the wake of Brexit.

16.02 / 22:55

Ethereum XRP Cardano Bitcoin Price analysis 2/16: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT

Bitcoin (BTC) and the U.S. equity markets are facing selling on Feb. 16 as traders seem to be trimming positions in assets perceived to be risky on the accusation by NATO that Russia continues to build troops near the Ukrainian border.

16.02 / 14:22

business Blockchain Report Bitcoin Financial 61% of Luxembourg financial players to embark on crypto journey in 2022: PwC

In a bullish report released by professional services firm PwC Luxembourg, 61% of 123 Luxembourg-based financial players are “embarking or planning to embark on a crypto journey.”

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