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Today in Crypto: US Court Issues a Summons for Binance’s CZ, EU Targets Instagram, YouTube, TikTok & Twitter Over Crypto Ads, Commonwealth Bank of Australia Limits Customers’ Ability to Send Money to Crypto Exchanges

June 8, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: US Court Issues a Summons for Binance’s CZ, EU Targets Instagram, YouTube, TikTok & Twitter Over Crypto Ads, Commonwealth Bank of Australia Limits Customers’ Ability to Send Money…
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Crypto Assets Should Be Classified as Securities, Says European Parliament Study

June 2, 2023

A study commissioned by the European Parliament has proposed that all crypto assets should be treated as transferable securities by default. To avoid being classified as a security, the study’s authors proposed that the intermediary behind a crypto asset can get an exemption from a national competent authority (NCA), meaning the relevant regulatory authority in…
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Markets in Crypto-Assets (MiCA) Framework Signed into Law by EU Officials

June 1, 2023

The European Union’s new Markets in Crypto-Assets (MiCA) rules were on Wednesday signed into law by European officials. The signing into law of the new and comprehensive regulatory framework for crypto was done by European Parliament President Roberta Metsola and Swedish Rural Affairs Minister Peter Kullgren, after the legislation passed a vote in the European…
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European Central Bank Wraps Up Digital Euro Prototypes; Decision on Development Awaits

May 31, 2023

As part of the investigation phase of its digital euro project, the European Central Bank (ECB), which serves as the European Union’s central bank, has released two reports on the institution’s market research and prototyping exercise. The Eurosystem, which includes the ECB and the national central banks of the EU countries whose currency is the…
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EU Securities Watchdog ESMA Warns of Unregulated Crypto, Gold Investment Offerings

May 28, 2023

The European Securities and Markets Authority (ESMA) has issued a warning regarding investments in assets like cryptocurrencies. They will remain unregulated in most countries until the EU’s Markets in Crypto Assets (MiCA) law is enforced across the Union, the regulator pointed out. ESMA Highlights Risks Related to Unregulated Products and Services for Crypto and Other…
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Crypto-Assets Impact on Traditional Markets Is Small, but Can Pose Systemic Risk: EU Watchdog

May 25, 2023

Europe’s financial overseer does not seem overly concerned about cryptocurrencies’ impact on the financial system, but still said regulators should monitor risks in case. The European Systemic Risk Board released a report on Thursday titled “Crypto-assets and decentralised finance- systemic implications and policy options.”… Read More: Crypto-Assets Impact on Traditional Markets Is Small, but Can…
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EU Council Adopts New Rules for Europe’s Crypto Markets

May 18, 2023

The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin. EU Finance Ministers Give Final Nod to Markets…
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MiCA: A Catalyst for Increased VC Funding in European Crypto Startups

May 15, 2023

The European Union’s new regulatory framework for crypto, MiCA, will make European crypto startups far more attractive to investors, one expert has argued. Writing on Twitter last week, Patrick Hansen, Director of Strategy and Policy at USDC-issuer Circle, said that “the MiCA effect” can already be seen in investments flowing into European crypto firms…. Read…
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Ireland’s Central Bank Governor Labels Unbacked Cryptos as Ponzi Schemes

May 10, 2023

Gabriel Makhlouf, the Governor of the Central Bank of Ireland, has likened unbacked cryptocurrencies to a “Ponzi scheme” while noting that “crypto is not going away very soon.” In a Friday blog post, Makhlouf stated that Ireland’s Central Bank differentiates between ‘backed’ and ‘unbacked’ crypto. … Read More: Ireland’s Central Bank Governor Labels Unbacked Cryptos as…
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Lisbon Leads the Way as the World’s Premier Crypto Hub, Outranking New York and Berlin: Report

May 4, 2023

Portuguese capital takes the top spot among the world’s most important crypto hubs – ahead of New York, Berlin, and Paris, according to a report by European crypto investment firm Greenfield. The company argued that, while there are multiple reports on global crypto development, regional reports are still scarce. Therefore, Greenfield conducted a survey from…
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