Standard Chartered, a British multinational bank, has launched a new entity in Luxembourg. This provides crypto and digital asset custody services across the European Union (EU). Besides, this step follows the introduction of the Markets in Crypto Assets (MiCA) regulation, by which the bank can respond to the rising demand
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
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
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
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
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.
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
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
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
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
