Europe Financial News

04.05 / 20:11

cryptocurrency Binance Europe regulatory Crypto exchange Binance gets French regulatory nod in European push

Binance Holdings Ltd., the world’s largest cryptocurrency exchange by trading volume, has secured regulatory approval from the French government, boosting its operational plans across the European continent.

04.05 / 17:35

Europe Report European Union AML Lawyers accountants Threat European watchdog lists crypto next to lawyers, accountants as an AML threat

Europe’s Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) watchdog, MONEYVAL, has listed monitoring the crypto sector along with “gatekeeper” professionals, such as lawyers and accountants, as priorities in European nations' push to combat money laundering.

04.05 / 15:07

Law Europe privacy European Union digital euro Proposed digital euro designs lack privacy options, ECB presentation shows

Next to the fears of government overreach that the European Union’s ambitious digital euro project stirred, the main concern of the public is the prospective currency’s privacy framework. It appears that this worry might not be overblown after all: as the European Central Bank's (ECB) latest presentation hints, user anonymity is not a desirable design option.

03.05 / 15:39

regulation Europe European Union regulatory EU Commission report suggests rethink of regulatory approach to DeFi

Analysts from the European Commission showed an unexpected understanding of how decentralized finances (DeFi) actually function, having defined it as something different from the traditional financial system and acknowledged that it would require rethinking the approach to regulation.

02.05 / 20:09

Law regulation Europe European Union EU commissioner calls for global coordination on crypto regulation

Mairead McGuinness, the commissioner for financial services, financial stability and capital markets union at the European Commission, is calling for global regulators to work together to address potential risks in the crypto market.

30.04 / 08:45

business Adoption Europe Bitcoin services Financial Belgian financial regulator FSMA to regulate crypto exchange services

A new rule imposed by Belgium’s financial regulatory agency, the Financial Services and Markets Authority (FSMA), will now require crypto exchanges and custodial wallet services in the region to register within a sharp deadline.

27.04 / 21:23

business ETF Europe European Union Grayscale to expand crypto fund offering into Europe

Digital asset manager Grayscale Investments is planning to expand its product offerings into Europe to tap into growing institutional demand for cryptocurrencies in the region, CEO Michael Sonnenshein confirmed Tuesday.

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.

22.04 / 14:17

Law Europe European Union Financial Emmanuel Macron on crypto: 'I don't believe in a self-regulated financial sector'

Mere days before the second round of the fateful presidential election in France, the incumbent President of the Republic, Emmanuel Macron, sat down with local media to share his thoughts on the digital economy — a subject he didn’t speak on much before. While emphasizing the importance of the sector, Macron once again reiterated his support for the pan-European approach to financial technology regulation.

21.04 / 07:49

regulation Europe Banks Crypto License German banking giant Commerzbank applies for crypto license

One of the largest banking institutions in Germany has confirmed it applied for a local crypto license earlier this year, marking the first time a major bank has made a move toward cryptocurrencies in the country.

20.04 / 16:05

Law Europe European Union letter open Crypto Companies 'Let’s build a Europe where Web3 can flourish:' Crypto companies sign an open letter to EU regulators

Forty crypto companies cosigned an open letter to the European Parliament, European Commission and other principal E.U. institutions with a call to ensure common-sense regulation, standardized compliance procedures, and an innovation-friendly business environment.

19.04 / 17:01

Europe European Union Euro 'There are already digital means of payment:' EU Commission gets 11,000 public comments on CBDC project

In less than two weeks that passed since the European Commission opened its "Digital euro for the EU" initiative up to public consultation, more than 11,000 individuals and organizations left their feedback on the website. The feedback section will be open until June 14.

14.04 / 12:51

Europe POW AML MEP Stefan Berger: ‘Yes, we need regulations, but you still have to leave room to breathe’

The European Parliament’s Committee on Economic and Monetary Affairs recently approved a draft of its comprehensive Markets in Crypto Assets, or MiCA, crypto regulation package. The new framework covers a wide range of crypto-related subjects, such as the status of all major currencies and stablecoins and the regulation of crypto mining and exchange platforms.

13.04 / 18:01

business Europe MasterCard Bitcoin New crypto card by Nexo allows users to pay without selling Bitcoin

Major cryptocurrency loan company Nexo has officially launched a crypto-backed Mastercard card enabling users to pay for services with cryptocurrencies like Bitcoin (BTC) without selling their crypto.

13.04 / 17:33

Adoption Europe MasterCard Bitcoin Nexo Launches New Mastercard for Users to Spend Without Selling Crypto

Digital asset business Nexo (NEXO) has launched a new card that allows the company’s customers to spend their funds without selling their digital assets in selected European markets.

12.04 / 14:51

Technology Adoption Europe Health Blockchain in the EU healthcare report: 6 key takeaways

The EU Blockchain Observatory published its fifth report under the headline “Blockchain Applications in the Healthcare Sector.” The document highlights the importance of distributed ledger technology for the European healthcare sector, which faces a number of challenges on its route to the “Healthcare 4.0” revolution.

08.04 / 20:33

Law Europe European Union Crypto-asset services EU bans providing 'high-value crypto-asset services' to Russia

The Council of the European Union has cut Russians off from certain cryptocurrency services as part of a package of restrictive measures against Russian President Vladimir Putin’s “brutal aggression against Ukraine and its people.”

06.04 / 16:21

Europe AML Unhosted is unwelcome: EU’s attack on noncustodial wallets is part of a larger trend

Last week, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties, Justice and Home Affairs (LIBE) voted in favor of a regulatory update that could compromise the exchange platforms’ ability to deal with noncustodial crypto wallets. Should the regulatory project make it to the legislation phase in the upcoming months, it would place severe disclosure requirements on transactions between noncustodial wallets and crypto exchanges in the European Union — a process whose signs are visible in other parts of the globe as well.

06.04 / 00:13

regulation Europe European Union Euro digital euro consultation European Commission opens new consultation on digital euro

The European Commission is calling for financial services specialists to weigh in on the potential rollout of a digital euro.

04.04 / 20:11

Law SEC Europe Congress Law Decoded: ‘Unhosted’ wallets are just ‘wallets,’ March 28–April 4

The European Parliament continued to keep crypto users and advocates at the edge of their seats last week as yet another piece of potentially harmful legislation — this time, a set of demanding data disclosure requirements for digital asset service providers — was rushed to a vote mere days after anear miss on banning proof-of-work-based cryptocurrencies.

01.04 / 05:48

regulation Europe coinbase European Union Crypto industry fires back after EU vote to block ‘unhosted’ wallets

The crypto industry has reacted strongly against a EU Parliament committee voting in favor of a regulatory package for tighter know-your-customer (KYC) and anti-money laundering (AML) rules for ”unhosted” private wallets.

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