Fri, November 22

Stripe to Expand Crypto Integration into EU, Boosting Accessibility

Stripe has revealed plans to expand its crypto integration into the EU. Customers will be able to use their credit or debit cards to buy a range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The goal of this strategic initiative is to make buying and selling digital

July 17, 2024 2 mins read

ESMA Finalizes MiCA Report, Begins Third Consultation Phase

As a penultimate step toward creating a well-structured and secure ecosystem for crypto assets in the EU, the European Securities and Markets Authority (ESMA) has released its final report on Markets in Crypto Assets (MiCA) legislation. Along with the release of this important report, ESMA will launch its third consultation

March 26, 2024 2 mins read

EU Cracks Down on Unverified Self-Custodial Wallet Crypto Transactions

Crypto transactions conducted using unverified self-custodial wallets are effectively banned by the European Union (EU), with a transaction limit cap set. To prevent financial crimes, this regulation is part of the larger Anti-Money Laundering (AML) guidelines. On March 19, the resolution was accepted by the majority of the main commission

March 23, 2024 2 mins read

EU Approves Sanctions Legislation Including Crypto Violations

Lawmakers in the European Union (EU) have passed new regulations to severely punish anyone who violates sanctions, including when it comes to cryptocurrency. The European Parliament (MEPs) passed fresh sanctions against travel bans, weapons embargoes, limitations on industries, and the freezing of assets (including cryptocurrency and wallets) on Tuesday. According

March 13, 2024 1 min read

European Banking Authority Proposes Liquidity Rules for Stablecoin Issuers

The EU’s banking regulator, the European Banking Authority (EBA), has suggested new rules for stablecoin issuers that would establish minimum capital and liquidity criteria. With the new liquidity requirements in place, the stablecoin should be easily redeemable even when markets are volatile, mitigating the risks of bank runs and contagion.

November 8, 2023 2 mins read

European Union Embraces New Crypto Regulations for Tax Reporting

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

October 18, 2023 2 mins read

EU Market Regulator Issues Second Consultation Paper on MiCA Mandates

On October 5, the EU’s markets regulator, the European Securities and Markets Authority (ESMA), issued a second consultation paper on mandates for the Markets in Crypto-Assets (MiCA). The ESMA has published a lengthy document (307 pages) in which it requests feedback on five aspects of MiCA. The Authority tracks quantitative

October 6, 2023 1 min read

EU Gets Serious About Data, Cites Web3 Browser Extension Swash

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

October 3, 2023 4 mins read

European Investment Bank’s Website Down Following Cyberattack

The European Investment Bank (EIB), the world’s largest multilateral lender, has been the target of a cyberattack. Russian hackers are expected to be the suspects who threaten to bring down the Western financial system days later. Moreover, earlier today, the pro-Russian Killnet hackers claimed on their telegram that they had

June 20, 2023 3 mins read

European Union Lawmakers Vote 517-38 in Favor of New Crypto Licensing Regime

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

April 20, 2023 1 min read