EU
MiCA Deadline Looms: Small Crypto Firms Face EU Compliance Crunch
EU's MiCA regulation demands compliance by July 1, 2026, forcing smaller crypto firms to adapt or exit as costs and consolidation rise.
EU Sanctions Target Russia-Linked A7A5 Stablecoin
The European Union has imposed sanctions on the Russia-linked A7A5 stablecoin, part of its 19th sanctions package. This move affects Russia's crypto strategies.
Paxos Launches Global Dollar (USDG) Stablecoin in the EU
Paxos introduces the Global Dollar (USDG), a compliant stablecoin, to the European Union. The launch aligns with MiCA regulations, enhancing the digital dollar ecosystem across the continent.
EU Probes AliExpress, LinkedIn Over DSA Compliance as AI Act Passes Parliament
The European Union scrutinizes AliExpress and LinkedIn for Digital Services Act adherence, concurrently with the parliamentary approval of the Artificial Intelligence Act.
EBA Issues Updated Guidelines for Crypto Asset Service Providers
The European Banking Authority (EBA) extends Anti-Money Laundering and Counter-Terrorist Financing measures to include crypto firms, aiming to harmonize regulatory approaches and mitigate financial crime risks in the EU.
Coinbase to Boost European Derivatives Market Presence with MiFID II License Acquisition
Coinbase is set to expand in the EU derivatives market by acquiring a MiFID II licensed entity in Cyprus, targeting regulated derivatives offerings like futures and options in 2024.
Binance CEO Clarifies Details on CommEx Integration
Binance CEO, CZ, sheds light on Binance's association with CommEX through a tweet. Cryptocurrency transfers are ongoing, with potential ex-Binance team members joining CommEX. Amid regulatory challenges, Binance sells its Russian operations to CommEX but remains optimistic about global prospects.
Google Takes Concerted Steps to Conform to EU's Digital Services Act
Google is preparing to comply with the European Union's Digital Services Act (DSA), targeting platforms and search engines with over 45 million monthly users. The DSA mandates transparency, reporting of criminal offenses, and user-friendly terms and conditions for VLOPs and VLOSEs.
EU Drafts AI Bill to Address Copyright Concerns
The European Union has passed a draft bill that will classify AI tools according to their risk level and impose stricter transparency procedures for high-risk tools. The bill is part of the EU’s Artificial Intelligence Act and aims to address concerns around the use of copyrighted materials in AI training.
EU Passes Vote for Digital Wallet
The European Parliament passed a plenary vote for interinstitutional negotiations to create a EU-wide digital wallet. The eID amendments include zero-knowledge proofs to enable citizens to control their identity data.
Huobi And Solaris Offer EU Crypto-To-Fiat Debit Cards
Huobi, a cryptocurrency exchange, launched a crypto-to-fiat debit card cooperation with Solaris, a European financial services company. Huobi users may utilize their digital assets internationally at the point of sale through Visa's program. In the second quarter of 2023, European Economic Area (EEA) users will get the card.
NFTs And Crypto Will Benefit From Apple Allowing Third-Party App Stores
Apple will allow third-party app stores on its devices to comply with EU anti-monopolistic rules. EU legislation will compel Apple to allow alternative app stores and applications outside the App Store, benefiting crypto app creators. The EU's Digital Markets Act regulates "gatekeepers" and ensures platforms operate fairly, prompting Apple to expand its ecosystem.
EU Parliament Passes Cybersecurity Legislation for Crypto and Fintech Firms
The European Parliament has passed a bill titled Digital Operational Resilience Act (DORA) addressing the cybersecurity of crypto and fintech companies.
European Parliament Ratifies MiCA Framework in Landslide Vote
The long-awaited Markets in Crypto Assets (MiCA) regulation has just scaled through the European Parliament as MPs voted massively in favour of the bill.l
Dapper Labs Restricts Russian-based NFT Accounts, Abides by EU Sanctions
Dapper Labs said it is complying with new sanctions approved by EU member states amid Russia’s continued escalating conflicts in Ukraine.