Europe

European Central Bank’s CBDC Borrows Bitcoin’s Pseudo-Anonymity

On December 17, the European Central Bank (ECB) published a report that showcased its blockchain technology proof-of-concept. One particular feature the central bank digital chain holds is the ability to issue “anonymity vouchers.” Also read: Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’ ECB Report Explores Anonymity in Central Bank...
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Fidelity Launching Crypto Services in Europe, Citing ‘Significant Interest’

Fidelity Investments is expanding its crypto services to European clients after seeing increasing potential in this market. The expansion builds upon the company’s U.S. crypto business. “We’ve seen significant interest and engagement by the institutional community, which show no signs of slowing,” the company revealed. Also read: Regulatory Roundup – Crypto ‘Inevitable’ in India, China...
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European AML Directive Pushes Crypto Startup Bottle Pay Out of Business

Bottle Pay, a cryptocurrency payments provider from the U.K., has announced its decision to cease operations by the end of the year. Despite attracting some serious funding and expanding its user base significantly in the past few months, the company has found it unacceptable to continue to work under the upcoming EU regulations. AMLD5, the...
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European Central Bank Wants to Beat Other Countries in Digital Currency Game

Bitcoin may be falling, but central banks still want in on digital currencies. On Thursday, the newly-instated President of the European Central Bank, former Chair and Managing Director of the International Monetary Fund Christine Lagarde, said that one of her initial mandates will be to focus on the development of stablecoins. ECB Wants a Digital...
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The Country With Europe’s Highest Interest Rate Has Cut It 5 Times This Year

Around half of European countries, over 20, now have 0% interest rates and a few are already in negative territory. Ukraine, which has the highest benchmark interest rate on the continent, has just reduced it again, for the fifth time this year. The race between central banks to cut rates, when there is inflation, has...
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Sweden’s Financial Authority Approves Swiss Crypto ETP Provider Amun

On December 10, Switzerland-based firm Amun AG announced the company’s base prospectus has been approved by the Swedish Financial Supervisory Authority (SFSA). The ETP provider said it has extensive plans to expand its digital asset ETPs throughout Europe, while Sweden shows “strong demand” for these products. Also read: Wisdomtree’s Physically Backed Bitcoin ETP Goes Live...
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EU Finance Ministers Place Defacto Ban on Libra

Libra’s ongoing organizational snags and run-ins with regulators continue into December, as EU finance ministers agreed Thursday that Libra cannot be launched in the EU until concerns are adequately addressed. The finance ministers issued a joint statement citing regulatory “challenges and risks.” Also Read: Libra Testnet Fails to Impress as New Legislation Looms Lawmakers Still...
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Major European Firms Harness Blockchain to Track Renewable Energy

Two major companies from the Iberian peninsular have just announced the launch of a blockchain-powered system to verify the sustainability of electricity. Spain’s department store El Corte Inglés will use the system to prove the company’s commitment to reducing its carbon emissions.Supplying the clean energy to El Corte Inglés stores will be the firm’s long...
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European Banks Struggle With Low Interest Rates and Strict Regulations

Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate the revenue decline in 2019. Historically low interest rates, new regulatory hurdles and competition from...
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Will Biggest Blockchain Incubator Opening in Europe Benefit Cryptocurrency?

A group of blockchain-interested startups have joined forces to create a huge new incubator for startups in Paris, France. Known as the “The Garage”, the effort aims to enhance Europe’s position in the global blockchain industry.The Parisian headquarters will serve as a hub for the industry. It will not only provide it greater visibility but...
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EU & Turkey Respectively Eyeing Expanded Digital Currency Efforts

The game of coins is on. And that’s not referring to another token offering bubble, but instead to increasing sovereign efforts aimed at the development of state-backed digital currencies. To be sure, much ado has already been made about China’s apparently advanced plans for a digital yuan, and some influential American officials have recently been...
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200 German Banks Call for Digital Euro with Smart Contract Compatibility

A digital euro with smart contract functionalities backed by the European Union? It could and should happen, according to the Association of German Banks. The association, a collective of private banks that coordinate as the principal lobbyists for Germany’s finance industry and counts national mainstays like Deutsche Bank among its ranks, called for the development...
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European central banks could ‘band together’ to issue a CBDC

We live in a world where we rarely act, but often react. Europe is playing on that very tendency. From the East and the West of the continent, digital currencies are being embraced rapidly. On the other side of the Atlantic, Facebook, the social media giant, sent shockwaves throughout the corporate and sovereign world by...
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‘No-Deal Brexit Huge Positive for UK Cryptocurrency’ – How Brexit Could Affect the Industry

British lawmakers have voted to postpone a crucial Brexit vote and forced Prime Minister Boris Johnson to ask the EU for an extension. News.Bitcoin.com talked to the CEO of a local crypto exchange to find out the effects a no-deal Brexit could have on the crypto industry. Also read: SEC Wants Second Look at Bitwise...
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FCA Invites UK Crypto To Sign Up For Mystery Regulation

It appears the UK’s financial watchdog is laying the groundwork to regulate crypto as it starts requesting blockchain companies to register with them. The catch is these companies will need to take a leap of faith, as they’ll be committing themselves to a framework that hasn’t actually been finalized yet. In a recently released consultation...
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Titanic Error: Will Non-Profits Play On As Libra Encounters Regulatory Icebergs?

To say that regulators have offered Facebook’s Libra project an icy reception would be an understatement. Cold stares greet Mark Zuckerberg wherever he travels, it seems: and the effect could be to freeze progress on his pet financial boondoggle. As payment processor giants MasterCard and Visa announced they are joining eBay, PayPal, and Stripe in...
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European Funds Get Serious About Crypto Investing: What Caspian Sees

According to the digital asset management solution provider Caspian, which provides professional investors with sophisticated crypto trading tools, the majority of funds they speak to are coming from Europe. “Europe is where we’ve had the most growth”, said Gerrit van Wingerden, Caspian CTO. Since launching their offering in mid-2018, the last two quarters have been...
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Coinbase receives e-money licence in Ireland

The Central Bank of Ireland granted Coinbase an e-money license, enabling the company to expand its operations into the country and deliver products there. The American exchange had already taken steps to expand into Ireland during late-2018 when they had announced a new office in Dublin. This is an interesting development considering a CME executive...
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Traditional Financial Exchanges Oppose UK Crypto Derivatives Ban for Retail Investors

news The World Federation of Exchanges (WFE) has asked UK regulator Financial Conduct Authority (FCA) not to ban the sale of crypto derivatives to retail investors. A proposed ban would envelop regulated exchanges and CCPs who operate under stringent regulations to provide pre- and post-trade risk management standards that are designed tot foster safe and...
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Crypto Debit Card Firm Cryptopay Launches UK Bank Transfers With British Pound

Crypto wallet and debit card service company Cryptopay now offers transfers with the British pound through the Faster Payments Scheme. Crypto wallet and debit card service company Cryptopay now offers transfers with the British pound (GBP) through the Faster Payments Scheme. Cryptopay revealed the development in a news release with Cointelegraph on Oct. 9, specifying...
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Top European Official Taking Closer Look at New Cryptocurrency Rules

One of the European Union’s most influential officials has promised to introduce new regulations on cryptocurrencies for member nations of the economic and political bloc. That official is Valdis Dombrovskis, who currently serves as the Commissioner for Economic and Monetary Affairs and the Euro as well as the Commissioner for Financial Stability, Financial Services and...
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Major German Property Firm Puts Big Bet On Regulated Crypto Platform

The major German property developer, Bauwens, is taking a long-term bet on the future of real estate investment being tokenized. Announced this morning, the company has acquired 15% of the shares in Fundament, a regulated crypto property platform built on Ethereum (ETH).  Launching just over a year and a half ago, the Berlin-based Fundament Group...
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EU Needs a ‘Common Approach’ to Crypto Regulation Says Commissioner

Valdis Dombrovskis — the European Union’s (EU) finance commissioner says crypto regulation will be a major focus of his if appointed for a second term. Robust Crypto Regulation in the EU According to Reuters, Dombrovskis is ready to change tack and pursue the creation of a well-defined framework for cryptocurrency regulations within the EU. Speaking...
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German Finance Minister Supports Digital Euro, But ‘Very Critical’ of Libra

Germany’s federal finance minister has come out in support of digitizing the euro, but is against private currency projects like Facebook’s Libra. Speaking with local business news source Wirtschafts Woche, Minister Olaf Scholz said he remains “very, very critical” of Libra. However, an e-euro would be good for Europe’s financial system, particularly in the wake of economic...
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UK Finance Watchdog’s Crypto Investigations Up By 74% in 2019

The number of investigations into cryptocurrency firms by the U.K.’s financial regulator, the Financial Conduct Authority (FCA), have seen a sharp rise in the last year. The Financial Times said on Monday that it had obtained information indicating that the FCA is now looking into 87 firms in the space, either as part of initial scrutiny...
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FOIN Allows Merchants to Accept Crypto Payments In-Store

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. FOIN, a cryptocurrency company and a developer of the transparent payment system FoPay, announced the strategic partnership with...
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CoinShares Aims For IPO, But London Regulators Cause Second Thoughts

CoinShares is preparing for an initial public offering, but a chilly regulatory climate means that the London-based asset management firm may have to list its shares elsewhere. Daniel Masters, CoinShares’ Executive Chairman, has revealed some of the company’s plans to Crypto Briefing, including the appointment of a new Chief Operations Officer. Richard Nash, former Director...
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Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide

Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000 Almost 60,000 Job...
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Breaking: Ripple Acquires Crypto Trading Firm for European Expansion

Ripple Bags Business Deal Just announced minutes ago, crypto-centric fintech startup Ripple has just made an expansion into Iceland. In a blog post, the San Francisco-headquartered company revealed that it has acqui-hired (acquired and hired) Algrim, a cryptocurrency trading firm based in the Nordic country. This move marks the company’s latest expansion into Europe. According...
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ECB President Recognises Future Potential in Crypto Assets as a Means of Payment

The outgoing president of the European Central Bank (ECB) believes that so far crypto assets have had few implications for existing monetary policy. However, Mario Draghi believes that this could change in the future.He states in a letter to a pro-crypto MEP that efforts like Facebook’s Libra could see sufficient adoption to make them a...
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