According to discussion documents issued by the two organizations on Monday, the Financial Conduct Authority (FCA) will manage the broader crypto industry, while the Bank of England (BOE) will control “systemic stablecoins” that are in widespread circulation and might disrupt the economy. The suggestions followed the U.K. government’s publication last
Zodia Markets, a platform for trading and exchanging digital assets backed by Standard Chartered has been granted a Virtual Asset Service Provider (VASP) license by the Central Bank of Ireland. In July 2022, Zodia was approved as a cryptocurrency exchange by the UK’s Financial Conduct Authority (FCA), and in September
Crypto exchange Bitpanda, recently received its virtual asset service provider (VASP) license from the Norwegian authorities. Bitpanda joins an exclusive group of pioneering foreign firms in gaining this license. On October 19th, Bitpanda made public their successful application for a crypto license on Twitter. Bitpanda also has licenses in other
The rising prevalence of crypto-related frauds over the last several years has understandably scared off several investors. Meanwhile, on Wednesday the 18th of October, authorities in Navi Mumbai exposed and shut down a major crypto fraud. Located in the Indian state of Maharashtra, Navi Mumbai is a city that borders
The European Union strengthened its reputation as a no-nonsense regulator of data protection in recent weeks, after fining TikTok $379m for breaching its landmark GDPR privacy law. The Chinese-owned social media giant was reprimanded for failing to protect children’s privacy, such as by making the accounts of users aged under
Gemini, a cryptocurrency exchange based in New York, has chosen to leave the Netherlands. The firm plans to return to the Dutch market, but it cannot yet satisfy the standards set by the government. According to a statement sent to Dutch consumers on September 26, Gemini will cease operations in
Binance, the world’s largest cryptocurrency exchange, has issued a call to action for its European users holding euros. The exchange advises users to convert their euro balances into Tether (USDT) before the end of October. This move comes as a result of it losing the support of its banking partner,
Binance, a cryptocurrency exchange, has announced that it is once again available to customers in Belgium, after earlier difficulties caused by European Economic Area rules. Binance announced on September 25th, 2023, that it will begin offering its services in Belgium. After more than three months, the exchange has announced it
Coinbase has announced that it has been approved by the Bank of Spain as a crypto exchange and custodial wallet provider. As part of its “Go Broad, Go Deep” plan for international development, this will aid Coinbase increase its retail customers, institutional clients, and developer collaborators in Spain during Phase
Due to the ongoing scrutiny by U.S. authorities and strict regulatory restrictions, investment firm Galaxy Digital is moving deeper into Europe. In light of the MiCA crypto legislation, Galaxy Digital has hired a former executive from crypto broker Genesis to lead its European operations and pursue development prospects in the
