As the country is considered for EU membership, the digital lari is seen as providing interoperability with a digital euro while preserving monetary freedom. The National Bank of Georgia (NBG) has announced that it will advance its research on a digital lari central bank digital currency (CBDC) in a limited-access live pilot environment. Nine companies,…
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CoinShares, a provider of crypto exchange-traded products in Europe, is optimistic about spot Bitcoin ETFs in the United States. European cryptocurrency investment firm CoinShares is optimistic about cryptocurrency regulation in the United States as the firm enters the new market. On Sept. 22, CoinShares officially announced the launch of its new division, CoinShares Hedge Fund…
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Binance’s European debanking woes continue as it urges Paysafe users to convert their euros to digital dollars. Crypto exchange Binance has urged users to convert their euros into Tether (USDT) before the end of October after losing the support of its banking partner. On Sept. 28, Binance urged European Paysafe users to convert their EUR…
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Cryptocurrency exchange Kraken announced new achievements in implementing its strategy to pursue expansion on the European market. The U.S. trading platform for digital assets said it has received regulatory nods from the monetary authorities of Ireland and Spain, two of the EU nations with relatively clear rules for the industry. Another Major U.S. Crypto Exchange,…
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The French telecom group Iliad revealed it has purchased one of Europe’s most powerful supercomputers and plans to create an AI research lab in Paris, among other developments. The French telecommunications group Iliad announced on Sept. 26 that it has plans to invest millions to build up the local French artificial intelligence (AI) industry. Iliad…
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Potential implications around financial stability, lower market appeal and mainstream use of stablecoins were the main concerns highlighted by the author of the report. The European Parliamentary Research Service (EPRS) highlighted the need for tighter oversight from non-European Union regulators to ensure greater stability and development in the global cryptocurrency market. MiCA implementation timeline. Source: esma.europa.eu…
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To expand its derivatives business overseas, Coinbase attempted to acquire FTX Europe twice since it filed for bankruptcy in November 2022. Crypto exchange Coinbase attempted to acquire FTX Europe twice since it filed for bankruptcy in November 2022, hoping to broaden its derivatives business overseas. The company, however, has decided not to go forward with…
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CoinShares’ subsidiary and broker-dealer registered with FINRA will be conducting marketing activities for the new hedge fund division in the United States. Major European cryptocurrency asset manager CoinShares is launching a hedge fund division in the United States despite the country’s tough crypto regulation climate. CoinShares officially announced the news on Sept. 22, stating that…
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The Institute of International Finance looked at seven areas where digital euro legislation, which is being developed alongside the technology, is lacking. The Institute of International Finance (IIF) has published an assessment of the European Commission’s proposed legislation on the digital euro. It gave the bill middling marks. The IIF is a financial industry global…
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Some Binance customers in the EU have been blocked from withdrawing euros as part of an early change in the crypto exchange’s regional payments provider looms. Several users in the region have been denied access to Paysafe, Binance’s European payments partner, ahead of the September 25 deadline, when the payments company is set to end support for the…
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