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European Banking Authority Launches New Consultation on Crypto Travel Rule
28.11.2023
The European Banking Authority (EBA) has recently launched a new consultation process concerning implementing the so-called travel rule for cryptocurrency transactions. The institution is seeking feedback on the defined procedures that crypto assets service providers (CASPs) must complete...
ECB Chief Christine Lagarde Reveals Her Son Invests in Crypto Despite Her Warnings — ‘He Ignored Me Royally’
24.11.2023
The president of the European Central Bank (ECB), Christine Lagarde, has reportedly revealed that her son invested in crypto despite her warnings. “He ignored me royally,” Lagarde shared, noting that after he lost 60% of the money he invested, she had another talk with him about crypto investing....
ECB President Christine Lagarde Says Her Son Lost “Almost All” Money He Invested in Crypto
24.11.2023
Christine Lagarde. Source: europeancentralbank / Instagram European Central Bank (ECB) President Christine Lagarde has revealed that her son endured substantial losses in his investments in cryptocurrencies. During a town hall event with students in Frankfurt, Lagarde said that despite her strong...
European Banking Authority Calls for Enhanced Anti-Money Laundering Rules for Crypto Providers – Regulation Incoming?
24.11.2023
Source: AdobeStock / rarrarorro The European Banking Authority (EBA) aims to update the Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) rules for crypto providers. In a consultation paper released on November 24, the banking regulator of the European Union acknowledged...
European regulator: CASPs should work on protocol interoperability, self-hosted wallets
24.11.2023
The European Banking Authority wants to update existing anti-money laundering rules and combat the financing of terrorism for crypto providers
EU tech coalition warns of over-regulating AI before EU AI Act finalization
24.11.2023
A group of 33 businesses and tech companies have signed a joint letter to EU regulators urging them not to over-regulate emerging AI technologies at the cost of innovation
Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading
23.11.2023
Raiffeisen Bank. Source: Adobe / Cristi Austria’s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks breaking into the digital asset custody business. The 130-year-old bank announced plans for the service in April upon signing a letter of intent...
FTX collapse, Binance’s US settlement provides strong case for MiCA regulations
23.11.2023
European Commission policy officer Ivan Keller highlights high profile centralized exchange shortcomings as key reasons for the implementation of MiCA regulations in Europe
Italian regulators investigate online AI data scraping
23.11.2023
The Italian Data Protection Authority has launched a “fact-finding” probe into the security practices of public and private websites to prevent AI data scraping
Belgium Moves to Accelerate EU Blockchain Infrastructure Project
22.11.2023
Source: Pixabay The Belgian government has unveiled plans to accelerate the development of a blockchain infrastructure project in Europe during its Council of the European Union presidency in early 2024. Belgium to focus on a public sector European #blockchain during its EU presidency The country...
Belgium seeks to reboot the EU blockchain infrastructure project
22.11.2023
The country's government plans to accelerate the development of a European blockchain infrastructure during its presidency of the EU Council
Analysts Fear European Digital Identity Wallet Implementation Might Lead to Mass Surveillance
21.11.2023
A group of analysts and companies have raised their voices against the risks that the upcoming European Digital Identity Wallet implementation might bring to Europeans’ privacy. Article 45 of a leaked Eidas document (Electronic Identification, Authentication, and Trust Services) indicates...
CoinShares Gets Greenlight to Buy Valkyrie ETF Arm as It Expands Into North America
16.11.2023
Source: Adobestock Leading European digital asset investment firm CoinShares has announced its strategic acquisition of the Valkyrie Funds, a crypto exchange-traded fund (ETF) subsidiary of US-based Valkyrie Investments. In a press release dated November 16, the CoinShares Group stated it obtained...
German Parliament member ’staunch opponent' of digital Euro, all in on Bitcoin
16.11.2023
EU lawmakers are anticipating the arrival of the digital euro, though German politician Joana Cotar is pushing back against the currency and fighting in favor of Bitcoin
European Union Finalizes Digital ID Wallet Agreement, Hints at Digital Euro Integration
11.11.2023
The European Parliament and the Council of the European Union (EU) have finalized the agreement that will allow the implementation of a continent-wide digital ID wallet program. The agreement, which needs to be ratified at the parliamentary level, would greenlight the issuance of the EU digital...
EU backs Data Act with clause to shut off smart contracts
10.11.2023
The Act, inclusive of a clause necessitating “kill switches” on smart contracts, only now needs approval from the European Council to pass into law
ARK Snaps Up $9.5M HOOD Shares Day After Robinhood Announces European Expansion
9.11.2023
The fund continues to sell GBTC as shares have rallied 235% this year, outperforming bitcoin and traditional risk assets
EBA Releases Liquidity Guidelines for Stablecoin Issuers
8.11.2023
Source: European Banking Authority (EBA) The European Banking Authority (EBA) has issued guidelines regarding liquidity and capital requirements for stablecoin issuers in line with the EU’s new Markets in Crypto Assets (MiCA) regulation. A third batch of #MiCAR public consultations has...
EU banking watchdog proposes liquidity rules for stablecoin issuers
8.11.2023
The proposed guidelines are currently in the public consultation phase for the next three months, and if approved, it will come into effect starting in June 2024
Robinhood eyes European expansion amid Q3 revenue drop
8.11.2023
Robinhood attributed the decline in its transaction-based revenue to reduced cryptocurrency trading volumes on the platform