The European Central Bank (ECB) warned of a probable repercussion from excessive US support for the crypto industry. As per the Bank, an increase in dollar-backed stablecoins could lead to the destabilization of the financial system of Europe. The expansion of dollar-backed stablecoins is to expand the overall reach of
Crypto exchange Crypto.com has secured approval to provide its services across all the member countries of the European Economic Area (EEA). The approval, which is under the Markets in Crypto Assets Regulation (MiCA), will let the platform widen its services. The milestone solidifies its place in the European digital asset
Concern about and disputes regarding the sale of now-defunct FTX exchange’s European arm FTX EU to Backpack Exchange. Which is a cryptocurrency trading and wallet company. Backpack had amassed drinking curls based on the purported acquisition of FTX EU by $32.7 million. While the FTX bankruptcy estate showed that the
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
