According to a November 8 announcement, the cryptocurrency trading platform OPNX has been granted a virtual asset service provider license (VASP) in Lithuania, enabling it to provide spot cryptocurrency trading services within the European Union. We're excited to announce our latest regulatory milestone in Europe! OPNX has obtained the Virtual
The crypto community witnessed the official adoption by European Union finance ministers of new guidelines allowing for the sharing of information between tax agencies about individuals’ crypto holdings. The paper will be published in the Official Journal of the European Union and will become effective 20 days later. EU member
The European Union (EU) is in terms to elongate the course of building newer frameworks with better performance for blockchain developers, reports the officials in the EU. Concurrently, this is followed by the major exchanges like Coinbase and Binance being sued by U.S. Securities and Exchange Commission (SEC) in the
European Union lawmakers have long been eying the formation of a cryptocurrency regime. While nations around the world are confused about how they should treat cryptocurrencies, Europe seems to have a clear-cut idea. According to the details shared by Mairead McGuinness, the commissioner for financial services, the European Parliament has
Despite the sustained decline in cryptocurrency prices, crypto exchange Gemini stated today that it has expanded its services to five additional European countries, increasing its total number of European countries where it operates to 12. Over a hundred cryptocurrencies, including dozens of DeFi tokens, are accessible to traders in Croatia,
The EU decided against a prohibition on proof-of-work crypto mining in March 2022. Some market players will be required to disclose their impact on the environment. EU officials have said that they want to create a standard for rating blockchains’ efficiency in terms of energy consumption. The environmental labelling system
On June 29, European Parliament members had already enacted the TFR. FATF members are chosen by their countries, not by a democratic process. MiCA (Markets in Crypto-Assets), the E.U.’s major legislative plan to manage the crypto-asset business in its 27 member nations, received the green light on the final day
Kraken Exchange has officially announced the completion of its acquisition of Coin Meester B.V. (BCM), a Dutch digital asset broker. This strategic move underscores Kraken’s commitment to regulatory compliance and its adaptability to the evolving cryptocurrency landscape despite its legal fight with the SEC by requesting a jury trial. The
As part of its plans to expand into Europe, crypto exchange Kraken has been registered as a Virtual Asset Service Provider (VASP) by the Dutch Central Bank (DNB) in the Netherlands. The United States-based crypto exchange claims that it is able to legally sell its leading products to citizens of
Ripple has been added to the group of registered Virtual Asset Service Providers (VASPs) by the Central Bank of Ireland (CBI), marking yet another foothold for the firm outside the U.S. The business has announced that its Irish subsidiary, Ripple Markets Ireland Limited, has been added to the list of
