european union

Chasing the hottest trends in crypto, the EU works to rein in stablecoins and DeFi

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In cryptoland, the fall tends to be regulators’ open season. As unprecedented as it’s been, 2020 is no exception to this trend. Tensions are high on both sides of the Atlantic: As markets were still processing the news of the United States Commodity Futures Trading Commission cracking down on derivatives exchange platform BitMEX, the Financial …

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EU reportedly drafts ‘hit list’ of big tech companies to face stricter rules

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Budrul Chukrut/SOPA Images/LightRocket via Getty Images It’s no secret that the European Union wants a further crackdown on tech giants, and it may use a simple shortlist to decide which companies face new restrictions. Financial Times sources say the EU is drafting a “hit list” of up to 20 big tech firms that would face …

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Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations

Leave a Comment / Albert Isola, Bitso, Blockchain, distributed ledger technology (DLT), eToro, european union, Financial Action Task Force (FATF), Gibraltar, Gibraltar Financial Services Commission (GFSC), Huobi, Regulation, virtual asset service providers., Xapo / By

The Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed ledger technology (DLT) providers to include recommendations for risk management, as well as clarify aspects around the issuance of digital assets. In a statement released on September 17, the regulator said the new updates are part of an ongoing effort to adapt …

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Leaked EU Draft Proposes All-Encompassing Laws for Crypto Assets

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A leaked version of rules to be issued later this month by the European Commission proposes an all-encompassing set of regulations covering the trading or issuance of digital assets across the 27-nation bloc.  Europe’s Markets in Crypto-Assets (MiCA) draft legislation provides legal certainty around crypto assets – cryptocurrencies, security tokens and stablecoins – along the …

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ETC Group’s Bitcoin ETP Hits $49 Million Assets Under Management in Two Months

Leave a Comment / Andre Voinea, Bitcoin ETP, Bitcoin Exchange Traded Crypto, Bitgo Trust Company, Deutsche Börse, ETC Group, european union, Exchange-traded product (ETP), finance, Hanetf, Xetra / By

Etc Group said Wednesday that its centrally cleared bitcoin exchange-traded product (ETP) has accumulated up to $49 million in assets under management since launch on June 18, 2020. The contract, known as Bitcoin Exchange Traded Crypto (BTCE), tracks the price of BTC and is 100% physically backed by the cryptocurrency. It started trading on Deutsche …

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After the US Senate Pros and Cons on Digital Money — What Do We Do With It?

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The COVID-19 pandemic has certainly accelerated the digitalization of economies across the globe, opening up discussions on the future of digital financial services and whether our economy should advocate for the financial inclusion of Bitcoin (BTC) and other digital assets. Yet, despite the horror we have been seeing as our industries continue to suffer, the …

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Could the European Recovery Plan Actually Break Europe Apart?

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The EU’s Recovery Plan agreement has been widely hailed, but some argue that it is taking Europe down a dangerous path. Our main discussion features returning guest Tuomas Malinen, CEO of GnS Economics. In this discussion, Tuomas and NLW discuss: Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the …

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EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money

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Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction The aftermath of the coronavirus-provoked business shutdowns in the United States caused a number of market observers to focus on the U.S. real estate and rental markets. As the federal moratorium on evictions reaches its expiry, a recent Aspen Institute … read more. Crypto …

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EU will speed up its spaceflight plans in response to SpaceX and China

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JODY AMIET/AFP via Getty Images The modern space race is heating up, and the European Union is acutely aware that it needs to keep pace. Space chief Thierry Breton told Reuters in an interview that the EU is accelerating its plans in light of rapid progress by private companies like SpaceX as well as China’s …

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The Great Estonian Exodus — Crypto Firms Are Leaving Estonia

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Back in 2017, the Estonian government rocked the legislative side of the crypto world when they introduced a raft of new laws designed to support crypto projects. These licenses split into two different categories: those looking to operate a crypto exchange and those looking to undertake an initial coin offering. Both company types stood to …

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