Europe Financial News

18.07 / 14:09

business Binance Europe Binance fined $3M over illegal operations in the Netherlands

Major global cryptocurrency exchange Binance is facing a penalty in the Netherlands after failing to obtain regulatory approval to operate in the country.

18.07 / 02:57

Blockchain Stablecoin Europe Tether Threat NOT Burdensome but not a threat: How new EU law can affect stablecoins

The year 2022 saw not only drastic dips in leading cryptocurrencies and financial markets in general but also major legislative frameworks for crypto in prominent jurisdictions. And while the “crypto bill,” co-sponsored by United States senators Cynthia Lummis and Kirsten Gillibrand, still has a long way to go, its European counterpart, the Markets in Crypto-Assets (MiCA), had finally made it through Tripartite negotiations.

17.07 / 14:05

Europe Climate change Thousands evacuated in France as wildfires blaze throughout southern Europe

Strong winds and hot weather have frustrated French firefighters' efforts to contain a huge wildfire in the Bordeaux region for a fifth straight day on Saturday, in one of several wildfires scorching Europe this week.

16.07 / 11:49

Stablecoin Europe Sustainability European Union Crypto-asset MiCA and ToFR: The EU moves to regulate the crypto-asset market

On the last day of June, the European Union reached an agreement on how to regulate the crypto-asset industry, giving the green light to Markets in Crypto-Assets (MiCA), the EU's main legislative proposal to oversee the industry in its 27 member countries. A day earlier, on June 29, lawmakers in the member states of the European Parliament had already passed the Transfer of Funds Regulation (ToFR), which imposes compliance standards on crypto assets to crack down on money laundering risks in the sector.

14.07 / 16:49

Stablecoin regulation Europe digital euro Crypto Community Unimpressed as ECB President Pushes for Digital Euro with Privacy ‘of the Highest Standard’

The European Central Bank (ECB) President Christine Lagarde's new blog post again pushes for the creation of a central bank digital currency (CBDC) in Europe. But although it argues that a digital euro would protect the privacy of its users, the crypto community is not impressed.

14.07 / 12:01

business Altcoin Europe CoinShares launches staked Algorand ETP on Deutsche Boerse Xetra

Major European cryptocurrency investment firm CoinShares is expanding its exchange-traded products (ETP) with a new physically-backed ETP based on Algorand (ALGO).

14.07 / 06:35

Latin America Europe Asia Middle east KuCoin volumes more than double the existing crypto m-cap in H1

Crypto exchange KuCoin has released its semi-annual report for the ongoing calendar year, where it claims volumes reached the $2 trillion mark. The Seychelles-headquarter exchange has added 9.75 million new users during the period, with the total number of users crossing the 18 million mark, as per the report. The total volumes, including both spot and futures, is more than double the total market cap of the crypto cart, struggling to hold the $1 trillion mark for about a month now. This showcases a 180 per cent growth compared to the same period in 2021.

06.07 / 14:29

Stablecoin SEC Europe UK financial stability Financial regulatory Regulatory Scrutiny Increasing as Crypto Becomes Financial Stability Risk – Report

There has been a sharp increase in regulations targeting the crypto space, with regulatory bodies mainly in North America and Europe aiming for everything from non-fungible tokens (NFTs) to stablecoins and ordinary cryptocurrencies, found a global RegTech (regulatory technology) firm CUBE.

06.07 / 09:03

cryptocurrency Europe European Union Bank of England Bank of England: Crypto crashes show need for tougher rules

Bank of England warned Tuesday that recent cryptocurrency meltdowns that wiped out more then $2 trillion in value highlight the need for tougher financial regulations The U.K.'s central bank said that the crashes exposed vulnerabilities in the crypto markets reminiscent of previous bouts of financial turmoil. Extreme volatility in the crypto markets, including so-called stablecoins, resulted in «fire sales» and amplified price falls, the bank said in its latest financial stability report.

05.07 / 14:01

NFT regulation Europe Anti-money laundering lawmakers EU Lawmakers Want Anti-Money Laundering Rules To Cover NFTs

With the European Union advancing work on new regulations that could exert a significant impact on the crypto industry, a group of members of the European Parliament have proposed an amendment to the bloc’s anti-money laundering (AML) legislation that would cover non-fungible token (NFT) trading platforms with its provisions.

05.07 / 12:35

regulation SEC Europe European Union MiCa, AMLA and EU’s 'wild west' problem: Law Decoded, June 27-July 4

According to the European parliament member and rapporteur for the Markets in Crypto-Assets (MiCA) regulation Stefan Berger, the deal on landmark pan-European Union regulation had been finally struck amid the Tripartite negotiations. It “will put an end to the crypto wild west,” as French Minister for the Economy Bruno Le Maire hopes. Still, while raising a modest optimism among some stakeholders, MiCa’s final draft will surely make life harder for others.

04.07 / 20:45

Europe Advertising shooting Costs Euro sculpture in Frankfurt to be auctioned off amid vandalism and high maintenance costs

The iconic euro sculpture outside the former European Central Bank (ECB) headquarters in Frankfurt will be auctioned after owners said it has become too expensive to maintain.

04.07 / 14:03

business Europe Bitcoin crypto asset manager asset manager acquires CoinShares acquires French crypto asset manager Napoleon AM

Major European digital asset manager CoinShares is finalizing the acquisition of the French fintech firm Napoleon Group despite the ongoing market decline.

30.06 / 13:57

business regulation Europe coinbase expansion Coinbase seeking aggressive European expansion amid crypto winter

Coinbase is expanding its operations into various countries in Europe amid a "crypto winter." Despite laying off numerous employees and rescinding job offers, Coinbase's vice president Nana Murugesan revealed intentions to register in Italy, Spain, France and the Netherlands.

30.06 / 13:21

regulation Europe privacy EU Institutions Reach Provision Agreement On Controversial 'Unhosted Wallets' Regulation

The European Parliament and the Council of the European Union have reached a provisional agreement on the Transfer of Funds Regulation (TFR) that is to ensure crypto transfers can be traced and that transactions considered suspicious are blocked, potentially paving the way for tougher enforcement by the European Union.

30.06 / 01:17

regulation Europe European Union AML EU officials reach agreement on AML authority for supervising crypto firms

The European Council has reached an agreement to form an anti-money laundering body that will have the authority to supervise certain crypto asset service providers, or CASPs.

29.06 / 19:35

markets Europe inflation Bitcoin Bitcoin holds $20K as ECB warns inflation may never return to pre-COVID lows

Bitcoin (BTC) held steady at just above $20,000 after the June 29 Wall Street open as Europe's chief banker admitted the world would "never" return to low inflation.

22.06 / 15:50

regulation Europe European Union Framework ECB head calls for separate framework to regulate crypto lending

A week after the major American crypto lending platform Celsius had to freeze the withdrawal option for its users, European Central Bank (ECB) president Christine Lagarde voiced her conviction on the necessity of tighter scrutiny over this part of the crypto market.

22.06 / 14:05

cryptocurrency Binance Europe Money Binance is ‘in it for the long game’ when it comes to Europe and doesn’t fear the crypto crash

As crypto winter sends a chill down the markets, with the price of Bitcoin crashing below the key threshold of $20,000 (€19,000) and crypto exchanges laying off staff as fears of a recession bite, the world’s largest crypto exchange says it’s all déjà vu and is not concerned.

18.06 / 21:05

Europe European Union Weather London Unprecedented heatwave cooks western Europe, with temperatures hitting 43C

An intense and unprecedently early heatwave is baking western Europe, with temperatures in many places topping 40C Saturday.

18.06 / 13:35

Blockchain Adoption Europe European Union Third non-EU country, Ukraine, joins the European Blockchain Partnership

After Norway and Liechtenstein, Ukraine became the third country outside the European Union (EU) to join the European Blockchain Partnership (EBP), an initiative derived by 27 member states to deliver cross-border public services.

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