-
Coinbase Continues To Expand Abroad, Scores AML Registration With Bank Of Spain
Monday, September 25, 2023 - 12:12pm | 497Coinbase Inc. (NASDAQ: COIN) recently announced it has secured an Anti-Money Laundering (AML) registration with the Bank of Spain. The move positions the crypto exchange as an official custodian wallet provider in the country. This development, part of the company's “Go Broad,...
-
Is Crypto Really Ready For MiCA?
Wednesday, August 23, 2023 - 3:57pm | 987Reflecting on the tumultuous crypto landscape of 2022 evokes images of a high-speed train with a few missing rails—undeniably exhilarating, yet its sustainability remains questionable. As the EU introduces the landmark MiCA (Markets in Crypto Assets) regulation, the pressing question emerges...
-
Concordium Partners With 2021.ai To Enhance Trust In AI And Machine Learning Applications
Thursday, July 20, 2023 - 5:20pm | 496Concordium, the science-backed blockchain platform focused on creating a safer digital world, announced a partnership with 2021.ai, an innovation-driven development house specializing in artificial intelligence (AI) and machine learning. The collaboration aims to strengthen trust in AI and...
-
South Korea Steps Up Crypto Oversight By Enacting Expansive User Protection Law
Friday, June 30, 2023 - 9:27am | 645South Korea has given the green light to landmark legislation dedicated to digital assets, aiming to reinforce protection for investors. This comes in the wake of the dramatic collapse of cryptocurrencies developed by South Korean Do Kwon, which played a role in a global $2 trillion cryptocurrency...
-
The Tax Tides Turn As Slovakia Becomes A Crypto Dreamland
Thursday, June 29, 2023 - 12:38pm | 477Members of the Slovakia Parliament cast their votes in favor of an amendment that will bring down the tax on cryptocurrency profits, among other measures impacting cryptocurrency holders. What Happened: Lawmakers in Slovakia approved an amendment on June 28 that entails a reduction...
-
French Regulators Approve Banking Giants Crédit Agricole, Santander For Crypto Custody
Thursday, June 22, 2023 - 10:59am | 499In a significant development, CACEIS, a fundamental asset servicing division of banking behemoths Crédit Agricole and Santander, has received the green light from French regulators to offer cryptocurrency custody services. As per France's Financial Markets Authority (AMF), CACEIS Bank...
-
EU Crypto Regulations And Adoption: MiCA, A Balancing Act Between Compromise And Facilitation
Tuesday, June 20, 2023 - 1:25pm | 860The recent overwhelming approval of the Markets in Crypto-Assets (MiCA) regulation has generated a wave of optimism within the financial industry. The longstanding debate of “prohibition or regulation” has been positively resolved, with the EU demonstrating a progressive approach...
-
Binance Caught In A Regulatory Siege With The Netherlands
Friday, June 16, 2023 - 10:03am | 510Crypto exchange Binance announced on Friday it will cease operations in the Netherlands, effective immediately, due to regulatory hurdles in the country. According to a statement released by the company, no new accounts will be registered for residents in the Netherlands. In addition, starting...
-
EU Takes Lead In Crypto Regulation: Game Changer For The Digital Economy
Wednesday, May 31, 2023 - 4:58pm | 377The European Union has reached a significant milestone in cryptocurrency regulation as it formally enacted the Markets in Crypto Assets (MiCA) regulation, positioning the bloc as a pioneer in tailored rules for the sector. The signing ceremony was led by European Parliament President Roberta...
-
EU Regulators Urge Investment Firms To Be Transparent About Crypto Investment Risks
Friday, May 26, 2023 - 2:18pm | 400The European Securities and Markets Authority (ESMA) is expressing concerns over the potential misrepresentation of risk in the crypto investment sector by EU-based firms offering digital assets alongside traditional financial instruments. According to the EU regulatory agency, these firms...
-
SEC Commissioner's Shocking Revelation: Could EU Crypto Rules Set The Stage For The US?
Wednesday, May 10, 2023 - 1:38pm | 363SEC Commissioner Hester Peirce cited the European Union's (EU) recently implemented Markets in Crypto Assets (MiCA) regulation as a potential blueprint for U.S. cryptocurrency rules. During a panel discussion at the Financial Times Crypto and Digital Assets Summit in London, Peirce acknowledged...
-
EU Strikes Down Cryptocurrency Wild West With Revolutionary New Laws
Thursday, April 20, 2023 - 10:44am | 435The European Union lawmakers on Thursday voted overwhelmingly in favor of two new laws related to the regulation of cryptocurrencies. The first law, known as MiCA, establishes a comprehensive crypto licensing regime that requires wallet providers and exchanges to obtain a license to operate...
-
From Anarchy To Order: EU's Game-Changing Crypto Laws To Reign In The Digital 'Wild West'
Wednesday, April 19, 2023 - 4:11pm | 651During a debate on Wednesday, legislators from various political parties within the European Union expressed their ongoing support for the pivotal Markets in Crypto Assets (MiCA) regulation. This suggests that the licensing legislation is likely to be approved with ease in Thursday's scheduled...
-
French Central Bank Set To Crush DeFi: Will New Crypto Laws Regulate Or Obliterate Decentralized Finance?
Tuesday, April 11, 2023 - 9:32pm | 403Projects in decentralized finance, or DeFi, may have to meet governance and security norms or incorporate them, as regulators look to extend proposed cryptocurrency laws to cover more diffuse structures, according to a report by the French central bank. What Happened: As regulators...