The country said EU crypto rules will come into force in December 2025, ahead of the general deadline for implementing MiCA for all 27 member states of the EU. The Spanish Ministry of Economy and Digital Transformation reported that the first comprehensive European Union crypto framework, the Markets in Crypto-Assets (MiCA) Act, will come into…
Read more
Source: AdobeStock / Grecaud Paul The European Union (EU) plans to improve the administration processes in all member nations by deploying digital strategies, a new Commission paper reads. A new EU report has placed the digitization of processes at the top of overhauling age-long bureaucracies as it aims to achieve modern and contemporary standards for…
Read more
The joint guidelines include granting authorization for ART and CASP issuance and conducting prudential assessments for potential acquisitions. The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) on Oct. 20 jointly released a consultation paper featuring two drafts. These drafts encompass the assessment of the suitability of management body members and…
Read more
The European Securities and Markets Authority (ESMA) is preparing to implement the Markets in Crypto-Assets Regulation (MiCA). The regulator has issued several crypto warnings that investors and users of crypto services providers should be aware of, particularly before MiCA is fully implemented. The regulator cautioned: “Even with the implementation of MiCA, retail investors must be…
Read more
The digital asset ecosystem in Europe expands as institutions broaden their services to decentralized finance (DeFi) amid market turmoil. A new market report released by on-chain analytics from Chainalysis shows industry growth in Central, Northern, and Western Europe (CNWE) as well as the United Kingdom’s (UK) dominance in its jurisdiction and the effects of the…
Read more
Decentralized finance (defi) brings risks for investors but is yet to pose “meaningful risks” to financial stability, according to Europe’s securities watchdog. The agency believes, however, the phenomenon deserves attention in light of the EU’s new crypto rules as well as growing user base and has presented its assessment of the sector’s development. Defi Requires…
Read more
The world’s longest-running crypto exchange Bitstamp is in talks with three large European banks about offering crypto services. The 12-year-old exchange is in talks to help the banks begin offering these services possibly in the first quarter of 2024. Cryptonews has reached out to Bitstamp for comment. … Read More: Bitstamp Crypto Exchange Seeks Collaboration with…
Read more
The European Union financial markets regulator, the European Securities and Markets Authority (ESMA) has released a second consultation paper on the Markets in Crypto Asset (MiCA) regulation. The document released on Oct. 5 calls for stakeholders’ participation in various sectors of the crypto market toward a hitch-free implementation of MiCA in 2024…. Read More: EU’s…
Read more
Talking to Cryptonews, crypto expert Peter Eberle discussed the potential for crypto exchange-traded funds (ETFs), the impact of the Grayscale-US SEC battle, the current state of crypto investments, and the relevance of regulatory clarity in the space. Eberle is the President and Chief Investment Officer of Castle Funds, an investment firm that has been managing…
Read more
Mário Centeno praised the European Union’s first comprehensive crypto framework, MiCA, but insisted on further international consolidation of regulatory efforts. Mário Centeno, the governor of Banco de Portugal, joins a chorus of regulators claiming that national efforts to oversee crypto wouldn’t work correctly without a global framework. A section of Mário Centeno’s speech. Source: Publicnow.com In his…
Read more
