Europe

Irish Banks Hail EU’s ‘Radical’ Anti-Money Laundering Push

<div class=”featured_image_container”> </div> <strong>Banks in Ireland have welcomed an upcoming reform of the European Union’s anti-money laundering regulations that will affect the crypto space. The Irish banking industry organization voiced support for the changes aimed at disrupting illicit transactions at the union level while calling them “radical.”</strong> New AML Body to Weed Out Suspicious Transactions …

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Future of Digital Euro ‘Not Clear Yet,’ Former Eurogroup Official Says

<div class=”featured_image_container”> </div> <strong>Europe’s digital currency project has made some progress recently, with the Eurozone’s central bank moving to its next stage. Critics point, however, to the continuing lack of clarity around the design and purpose of the digital euro after a decade-long delay, if cryptocurrency is taken as a benchmark. </strong> Digital Euro to …

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Softbank leads $800M investment for banking app Revolut

Revolut, a major British banking app featuring cryptocurrency investment, has secured $800 million in a new funding round. The new investment round is led by Japanese financial giant SoftBank and United States hedge fund Tiger Global, which collectively hold around 5% in Revolut, CNBC reported Thursday. The round values Revolut at $33 billion, marking a …

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Poland financial regulator issues public warning about Binance

As Binance faces scrutiny from regulators around the globe, Poland’s finance watchdog has issued a consumer warning about the cryptocurrency exchange. On Wednesday, the Polish Financial Supervision Authority (PFSA) published a statement on Binance’s growing regulatory issues around the world, stressing that the company’s operations are not regulated in Central European country.  The crypto market is “neither …

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Will regulation adapt to crypto, or crypto to regulation? Experts answer

Blockchain technology promises to provide humanity and freedom with the rise of Web 3.0, a truly decentralized internet. Some even argue that the significant rise of the decentralized finance (DeFi) sector has become an important symptom of the conceptual shift from centralized services to decentralized ones, with Web 3.0 being its cornerstone.&nbsp; Moreover, some even …

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Banque de France tests digital currency-based securities settlement

The central bank of France — Banque de France — is continuing its work on the development of a European central bank digital currency (CBDC). On Monday the bank officially announced the successful completion of a CBDC experiment with major Switzerland-based cryptocurrency bank SEBA. Conducted in collaboration with SEBA, Banque Internationale à Luxembourg, and Luxembourg central …

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Europe Raises 20 Unicorns This Year Including Crypto Companies

<div class=”featured_image_container”> <img width=”1280″ height=”720″ src=”https://scoreit.online/wp-content/uploads/2021/06/shutterstock_1009679104-1280×720-1.jpg” class=”story__img article__poster” alt=”Europe Raises 20 Unicorns This Year Including Crypto Companies” loading=”lazy” srcset=”https://scoreit.online/wp-content/uploads/2021/06/shutterstock_1009679104-1280×720-1.jpg 1280w, https://static.news.bitcoin.com/wp-content/uploads/2021/06/shutterstock_1009679104-190×107.jpg 190w, https://static.news.bitcoin.com/wp-content/uploads/2021/06/shutterstock_1009679104-380×214.jpg 380w, https://static.news.bitcoin.com/wp-content/uploads/2021/06/shutterstock_1009679104-760×428.jpg 760w, https://static.news.bitcoin.com/wp-content/uploads/2021/06/shutterstock_1009679104-1520×855.jpg 1520w” sizes=”(max-width: 1280px) 100vw, 1280px”> </div> <strong>Twice as many European startups have achieved unicorn status in 2021 compared to last year. Despite the negative effects of the ongoing …

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Crypto Payments App Bottlepay Is Now Available Across Europe

<div class=”featured_image_container”> </div> <strong>U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. </strong> Bottlepay Promises Low-Cost Transactions in Euro and Bitcoin The Bottlepay …

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Amundi Executive Pascal Blanque Calls Cryptocurrencies a Farce

<div class=”featured_image_container”> </div> <strong>Pascal Blanque, CIO of Amundi, one of the biggest asset managers in Europe, has stated that bitcoin and other cryptocurrencies are a farce, exposing its skeptical stance on the real value of cryptocurrencies. The investor stated that crypto assets are an expression of markets making bubbles and that investors should focus on …

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ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’

<div class=”featured_image_container”> </div> <strong>The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. The regulator is concerned about the prospect of tech giants dominating payments through their …

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