Tag: Europe

Bank of France official: Existing regulatory frameworks ‘constrained’ by DeFi characteristics

Bank of France official: Existing regulatory frameworks ‘constrained’ by DeFi characteristics

A senior official for France’s central bank said earlier this month that regulators in Europe need to more directly supervise decentralized finance (DeFi). In a speech from November 19 that was published Sunday by the Bank of International Settlements, Denis Beau, first deputy governor of the Banque du France, primarily focused on the development of […]

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Bank of France official: Existing regulatory frameworks ‘constrained’ by DeFi characteristics

A senior official for France’s central bank said earlier this month that regulators in Europe need to more directly supervise decentralized finance (DeFi). In a speech from November 19 that was published Sunday by the Bank of International Settlements, Denis Beau, first deputy governor of the Banque du France, primarily focused on the development of […]

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Eurosystem Approves New Oversight Framework Concerning Crypto Services

Eurosystem Approves New Oversight Framework Concerning Crypto Services

The monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for Secure and Efficient Digital Payments Through Improved Oversight Following public consultations on the matter, […]

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Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining

Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining

The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a European ban on proof-of-work mining. The European Commission has revealed it is already working to promote a transition to “more sustainable” protocols. Extensive Use of Renewable Energy for Mining Is […]

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Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says

Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says

The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and private money, according to Fabio Panetta, a high-ranking executive at the European Central Bank. Panetta stressed that both this paradox as well as the need […]

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Moscow Confirms Arrest of Russian Crypto Entrepreneur in Amsterdam, Report Mentions FBI

Moscow Confirms Arrest of Russian Crypto Entrepreneur in Amsterdam, Report Mentions FBI

Authorities in the Netherlands have arrested a Russian national with a cryptocurrency business, the Foreign Ministry in Moscow has confirmed. The man involved in the establishment of two crypto exchange platforms was apprehended earlier this month, reportedly on a request from U.S. law enforcement. Russian Founder of Cryptocurrency Exchangers Detained in Holland Denis Dubnikov, co-founder […]

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Slovenia Launches Public Consultations on Crypto Taxation Law

Slovenia Launches Public Consultations on Crypto Taxation Law

Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed. Slovenia to Amend Tax Rules for Cryptocurrencies The Finance Ministry in Ljubljana has opened public consultations […]

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Less than three weeks in, quarterly investment in European crypto companies hits new highs

Less than three weeks in, quarterly investment in European crypto companies hits new highs

Investment in crypto and DeFi businesses in Europe has already surpassed quarterly records, just a few weeks into the fourth quarter. Data from startup analytics platform Dealroom puts fourth quarter investment in crypto businesses in Europe and the United Kingdom at €793 million (roughly $925 million). The bulk of that total comes from massive fundraises […]

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Jacobi Asset Management claims it will launch the world’s first ‘tier one’ bitcoin ETF

Jacobi Asset Management claims it will launch the world’s first ‘tier one’ bitcoin ETF

Jacobi Asset Management announced Friday that it has received approval to launch what it calls the world’s first “tier 1” bitcoin exchange-traded fund (ETF). The firm says the term reflects the top-tier partners supporting it. The new bitcoin ETF has authorization from the Guernsey Financial Services Commission (GFSC), Jacobi said in a press release. Jacobi […]

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Nigerian NFT artist becomes the first to use social tokens during a Christie’s event

Nigerian NFT artist becomes the first to use social tokens during a Christie’s event

On Thursday, the Nigerian NFT artist Osinachi incorporated social tokens during an event at Christie’s — marking the first time social tokens have been used at the art auction house.  At the event at Christie’s in London, Osinachi displayed five NFTs in the collection “Different Shades of Water,” also marking the first time an African […]

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