European Union

European Central Bank: Digital Euro for Payments Only, Not Investment or Holding 

A digital Euro CBDC will be “designed for making payments, not for investment,” explained Ulrich Bindseil, Jürgen Schaaf, and Executive Board member Piero Cipollone in a blog post on Feb. 19. They added that many banks worry their customers might withdraw deposits to hold digital Euros instead. “These fears are misplaced,” they stated. The ECB...
Read More

EU Drafts Paper Regarding Exceptions to MiCA Regulation

Last year, the European Union unanimously voted for the Markets in Crypto Assets (MiCA) bill, considered by most to be the first comprehensive piece of legislation addressing the crypto industry as a whole. MiCA is, in itself, part of a larger set of financial laws known as DORA – but it has also given many...
Read More

How These 3 European Central Banks Are Working to Undermine Bitcoin

The Europen Union is developing rules and regulations that could be equivalent to a defacto ban on Bitcoin by 2025. Moreover, the European Central Bank (ECB) is spearheading the effort with support from two other major banks. On Jan. 31, Bitcoin environmentalist and venture capitalist Daniel Batten reported that the Bank of International Settlements (BIS)...
Read More

European Brokers Cut Fees on Spot Bitcoin ETFs to Outpace US Providers: FT

According to the Financial Times, European brokers are slashing spot Bitcoin ETF fees after Invesco and WisdomTree reduced theirs by over 60% on European BTC products. The decision comes as the U.S. Securities and Exchange Commission (SEC) recently approved spot Bitcoin ETFs from major players like BlackRock, Fidelity, and Invesco, resulting in an influx of...
Read More

EU Tightens Regulations Regarding Crypto Transactions, Citing AML Concerns

The EU Parliament and Council recently reached a provisional agreement on a list of anti-money laundering and anti-terrorist financing laws. Although further deliberation on other proposed measures is yet to be had, the new measures will help streamline the efforts of the national financial agencies of EU countries in this area. Although cryptocurrencies are not...
Read More

Major Bank to Launch Crypto Trading Services for Retail Customers: Report

Austria’s Raiffeisen Bank International announced its plan to offer cryptocurrency trading services to its retail customers. This pioneering step will commence by the end of January 2024, marking a new era in the bank’s 97-year history. Raiffeisen Bank to Launch User-Friendly Crypto Trading Services Austria’s Raiffeisen Bank, headquartered in Vienna, has announced its plan to...
Read More

Glassnode Passes the Baton: Accointing Handed Over to Blockpit in ‘Multi-Million Dollar’ Deal

Prominent blockchain analytic platform Glassnode is exiting the crypto tax-related projects space by selling Accointing to the European crypto compliance provider Blockpit. In a statement, Blockpit expressed that it finds the similarity between these businesses particularly “attractive.” This decision comes approximately a year after Glassnode acquired Accointing.com, a crypto tax and portfolio tracking platform. The...
Read More

European Central Bank Moves Forward on CBDC Project After Concluding 2-Year Research Phase

On October 18, the ECB Governing Council stated that it had decided to move to the next phase of the digital euro project. The move into the preparation phase for a potential European CBDC follows the completion of a two-year investigation phase. The preparation stage will start on November 1 and will initially last two...
Read More

Binance Expands Fiat Services in Europe with New Partnerships

Cryptocurrency exchange Binance announced notching strategic partnerships with multiple new fiat service providers. Through these collaborations, the platform can now offer a comprehensive range of Euro (EUR) services to its European users. The Importance of Fiat Partnerships In a significant move to enhance user accessibility and expand its foothold in the European market, cryptocurrency exchange...
Read More

Big Banks Pilot Sophisticated Crypto Surveillance System in Project Atlas  

A new pilot program launched by the BIS, Eurosystem, De Nederlandsche Bank, and the Deutsche Bundesbank this month aims to give them surveillance over international flows of crypto assets. Project Atlas is a proof-of-concept that aims to combine data from crypto exchanges with on-chain data. This will be available on a single analytics platform “for...
Read More

Crypto Companies Eye European Expansion While Some Plan to Make an Exit

The cryptocurrency industry is transforming significantly due to heightened government regulations, particularly in the United States. Many US-based crypto companies, especially exchanges, are considering strategies to shift their operations abroad, which includes exploring new markets and contemplating relocating entirely out of the country. In contrast, Europe has become an attractive destination for crypto firms seeking...
Read More

CZ Responds to FUD Surrounding EU Delists of Stablecoins

Marina Parthuisot, Binance’s French legal director, stated that due to the upcoming MiCA bill that has not yet approved any stablecoins, Binance is planning to delist all such assets in Europe on June 30, 2024. However, Changpeng Zhao (CZ), the CEO of Binance, has responded to this statement on X, saying that it may have...
Read More

Europol Hails Blockchain’s Unbeatable Independence and Security, Slams DeFi for Soaring Criminal Activity

In what’s described as a rapidly evolving landscape of financial and economic crimes threatening the internal security of the European Union, Europol has applauded the independence and protection offered by blockchain technology. Europol has also raised concerns over the rising criminal activity within decentralized finance (DeFi). Europol Warns of Rising Criminal Activity in DeFi and...
Read More

This Figure Proves US is Lightyears Ahead of Europe on Crypto Adoption

Bitcoin’s price has basically been on pause since mid-June, as the asset trades range-bound since then. The exchange rate of BTC to USD remained above $29,000, with resistance at $30,000. It’s as if markets are waiting on the SEC’s spot Bitcoin ETF approvals. In fact, one metric of bitcoin’s price stability touched five-year historic lows...
Read More

First Spot Bitcoin ETF Goes Live in Europe With Interesting Twist

While the US SEC continues to reject or delay, at best, all spot Bitcoin ETF applications, such a product has seen the light of day in Europe. Called the Jacobi FT Wilshire Bitcoin ETF, it will be the first similar product compliant with SFDR Article 8 through its decarbonization strategy. The press release dated August...
Read More

Binance Exits Netherlands After Failing to Secure VASP License

Mounting regulatory scrutiny has crippled the US operations of Binance, elsewhere, the crypto giant is encountering problems in securing a license as well. In the major roadblock to its global expansion plans, Binance announced exiting the Netherlands after failing to secure a virtual asset service provider (VASP) license with the Dutch regulator. Announcing its departure...
Read More

A Stablecoin Bank Run Could Pose “Systemic Risk” to the Financial System: EU Watchdog

The European Systemic Risk Board (ESRB) published a report on Thursday outlining the top 3 nightmare scenarios in which a crypto industry crisis could bleed in and pose “systemic risk” to the broader financial system.  The top risk listed is a potential run on a “large reserve-backed stablecoin,” such as Tether (USDT) or USD Coin...
Read More

Analyzing MiCA’s Role in Shaping Global Crypto Regulation

Markets in Crypto Assets (MiCA) is being hailed as the world’s first comprehensive set of rules that aims to bring the largely unregulated cryptocurrency markets under government regulation. It is part of a broader digital finance package, aka ‘Digital Operational Resilience Act (DORA),’ which aims at protecting the financial services sector from fraudulent activities and...
Read More

EU Council Unanimously Votes in Favor of MiCA Legislation

The Economic and Financial Affairs Council of the European Union unanimously favored the Markets in Crypto-Assets (MiCA) regulation during a voting process on May 16, 2023. The Finance Ministers of the 27 member states approved the MiCA bill, including amendments to several rules related to the new crypto legislation. EU Council Approves MiCA Bill Approval...
Read More

Austrian Banking Group RLB NÖ-Wien to Launch Crypto Investment Services With Bitpanda

Austrian cooperative banking company – Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) – has partnered with Bitpanda to roll out crypto investment services through the latter’s software as a service (SaaS) offering. With this collaboration, RLB NÖ-Wien has become the first major traditional bank in the European Union to move into digital assets. The Partnership Alongside crypto investment,...
Read More

Hong Kong Court Declares Crypto to be Property in New Ruling

In a landmark ruling, Hong Kong’s High Court declared crypto as property that can be held in trust. This marks the first time such a decision regarding asset class has been made in the city-state. The ruling, which was handed down in liquidation of a case involving the now-defunct crypto exchange Gatecoin, essentially puts crypto...
Read More

EU Lawmakers Give Final Approval to the MiCA Crypto Legislation

The Parliament of the European Union gave its official blessing to the Market in Cryptoassets (MiCA) – a regulatory framework that could set clear standards in the industry. The approval comes approximately five months after the infamous FTX collapse and aims to protect investors from such failures. ‘Stringent Rules are Very Much Needed’ The EU...
Read More

Societe Generale’s Crypto Arm Unveils Euro Stablecoin on Ethereum

Societe Generale’s crypto arm – SG Forge – has announced the launch of a stablecoin pegged to the euro on Ethereum, dubbed EUR CoinVertible. The latest offering will be accessible to only those institutional investors qualified on the basis of Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. The EURCV Stablecoin According to the...
Read More

Polygon With an Open Letter to EU Parliament, Seeks Amendments to Data Act

In the letter, Polygon’s board requests amendments to Article 30 of the EU Data Act, which the board fears could stifle blockchain development in its current format. The company behind Polygon, a Proof-of-Stake multi-chain blockchain platform around its ERC-20 token MATIC, has sent an open letter to representatives of the EU Parliament regarding Article 30...
Read More

Binance Continues Global Expansion With New ‘Web3 Outpost’ in Georgia

Crypto exchange Binance announced the opening a new blockchain hub in Georgia. The establishment of this new “Web3 outpost” is expected to help Binance strengthen blockchain education and accelerate the adoption of crypto in the region. Binance had forged several strategic partnerships, initiatives, as well as community events in the transcontinental country that is known...
Read More

European Regulators Blast Federal Reserve for SVB Depositor Bailout

European regulators and policy experts are dismayed by how American watchdogs handled the collapse of Silicon Valley Bank last weekend.Certain policymakers take issue with the Fed’s “systemic risk exception,” which they believe could undermine the credibility of banking globally.  Critiques of the Bailout According to the Financial Times, a senior eurozone official said the Federal...
Read More

Iceland Emerges as the Most Stable Bitcoin Mining Jurisdictions (Report)

There has been a tremendous transformation in the Bitcoin mining landscape since. Different countries have become the new harbors of miners. One European country has emerged as the world’s largest hash rate producer per capita. Owing to cheap electricity, Iceland is one of the first countries to see industrial-scale Bitcoin mining. According to Bitcoin mining...
Read More

European Union Wants to Fast-Track Banking Crypto Capital Regulations: Report

The EU is working hard to push through tough capital rules for banks that hold crypto assets. The global Basel Committee of banking regulators from the world’s leading financial centers has set a January 2025 deadline. The rules are for capital requirements for banks that have exposure to cryptocurrencies and stablecoins. According to a Feb....
Read More

FTX Bid Deadlines for Japan, Europe Businesses Revealed (Report)

The FTX Group of companies undergoing bankruptcy proceedings extended the preliminary bid deadline for its Japan and Europe affiliates as administrators scramble to raise funds to help pay back creditors. According to the Bloomberg report, the court filing said the new deadline has been set for March 8, while the auction date has been moved...
Read More

Coinbase Fined $3.6 Million by the Dutch Central Bank (Report)

The central bank of the Netherlands – De Nederlandsche Bank (DNB) – reportedly fines Coinbase 3.3 million euros ($3.6 million) for failing to comply with local rules. The exchange recently announced its second wave of layoffs and said it will stop operating on the Japanese market. As reported by Reuters, the central banking institution of the...
Read More
1 2 3

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Bitcoin (BTC) $ 70,826.98 2.26%
Ethereum (ETH) $ 3,556.23 1.13%
Tether (USDT) $ 1.00 0.07%
BNB (BNB) $ 582.05 1.38%
Solana (SOL) $ 187.28 1.13%
Lido Staked Ether (STETH) $ 3,545.00 0.99%
XRP (XRP) $ 0.626057 1.92%
USDC (USDC) $ 1.00 0.01%
Dogecoin (DOGE) $ 0.218414 17.35%
Cardano (ADA) $ 0.649339 0.26%