Spain Financial News

Cyprus unit has applied to be removed from Cyprus' register of crypto asset service providers, the securities regulator website showed on Wednesday, in a move Binance said would allow it to focus on its larger European businesses. It was unclear when Binance applied to deregister. The exchange, the world's biggest, announced its registration with the Cyprus Securities and Exchange Commission in October 2022. A source at the regulator said on Wednesday that Binance never launched its business in Cyprus. The Cyprus registration allowed Binance to offer spot trading, custody and other services in compliance with Cyprus's anti-money laundering and counter-terrorist financing rules, the exchange has previously said on its website. A spokesperson for Binance said it was pulling back on Cyprus to sharpen its focus on its other companies in the European Union ahead of the rollout of the EU's crypto asset regulations (MiCA).

Binance, the world’s largest crypto exchange by trading volume, is seeking to delist itself from the register of authorized crypto asset service providers (CASPs) in Cyprus in order to focus its efforts on complying with the EU’s Markets in Crypto-Assets (MiCA) regulation.

Binance appears to be preparing to exit Cyprus. The Cyprus Securities and Exchange Commission has marked Binance Cyprus Limited as “Under examination for application for deregistration” on its website. 

Alantra has shifted its investment bank headquarters from Madrid to London in a rare post-Brexit vote of confidence for the City.

Ken Griffin, founder and CEO of Citadel, believes the hype around artificial intelligence could be overblown at this early stage.

Binance announced in May that it would delist so-called “privacy coins” such as Monero (XMR), Zcash (ZEC) and others in several countries, including France, Italy, Spain and Poland. The decision underscored the reality that some companies might step over their own feet to ban privacy tech — even where it is legal — out of a combination of risk aversion and compliance confusion.

Breaking the year-long trend of declining Bitcoin (BTC) and crypto ATMs across the globe, May recorded a steep increase in net installations with nearly 1,400 machines.

Binance, the world’s largest crypto exchange by trading volume, is planning to delist a number of privacy coins for users in Spain, France, Italy and Poland.

The Sui Network, backed by Mysten Labs, has announced a multi-year partnership with the Red Bull Formula One Racing Team less than a month after the blockchain’s mainnet went live.

Mid-market investment bank Alantra has continued its European hiring spree with the addition of a senior dealmaker covering private equity companies in Spain.

Cryptocurrency is going to become less private in Europe as the major exchange Binance is preparing to delist all privacy tokens in countries like France and Italy.

European banks are looking stronger and more attractive than their U.S. counterparts on many metrics, according to officials and analysts speaking at the Institute of International Finance conference in Brussels this week, who add that regulation and collaboration is still needed to boost growth in the region.

The United State Department of Justice has announced the extradition of a 23-year-old UK citizen behind the 2020 Twitter hack and other cybercrimes, including the theft of $794,000 in digital assets. 

Boutique investment bank William Blair has doubled dealmaker numbers in Europe over the past two years, and will continue to build its business in the region even as larger competitors cut back, its top City banker said.

As the burgeoning blockchain technology paradigm has continued to evolve, a whole host of unique asset classes have started to make their way into the mainstream. Private equity tokens are one such offering, serving as digital representations of ownership in private equity investments powered by a decentralized ledger. 

Spanish police have swooped to free a crypto portfolio manager who was being held at gunpoint by armed kidnappers.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

A senior dealmaker who leads boutique investment bank Alantra's infrastructure and energy team is leaving the bank after around two years.

"This is not a drill," wrote Uniswap Labs, the company behind one of the world's leading decentralized exchanges. "The Uniswap mobile wallet is out of Apple jail and now live in most countries."

A senior dealmaker who leads boutique investment bank Alantra's infrastructure and energy team is leaving the bank after around two years.

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