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Read more - European Banking Authority proposes overhaul of AML, CFT rules for crypto providers
In a consultation paper released on Nov. 24, the European Banking Authority (EBA), an EU agency tasked with implementing a standard set of rules to regulate banking across all EU countries, highlights that existing regulations governing Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) standards compliance for crypto providers are inadequate.Â

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Read more - Belgium leads charge to renew EU blockchain infrastructure project
The Belgian government has announced plans to expedite the development of a European blockchain infrastructure during its EU Council presidency in early 2024. The proposal aims to enhance the secure management and storage of official documents, including driving licenses and…

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Read more - Coinbase’s international expansion head to leave in 2024
Coinbase’s executive responsible for international expansion, Nana Murugesan, will leave the firm in 2024 amid EU expansion. Coinbase’s Vice President of International and Business Development, Nana Murugesan, is leaving the crypto exchange as the company seeks to expand services in…

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Read more - Sweden’s Bitcoin thefts show need for anonymity
A disturbing pattern of home invasions against cryptocurrency holders in Sweden highlights the dangers of the country's public access laws.

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Read more - Robinhood to launch crypto services in EU in ‘coming months’
The U.S. fintech broker Robinhood is poised to roll out European crypto offerings despite missing Q3 revenue estimates. Robinhood plans to launch its crypto services in the European region and U.K. brokerage “in the coming weeks” as the Menlo Park-headquartered…

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Read more - Crypto exchange Kraken rolls out services in Belgium
The U.S.-based crypto exchange Kraken is launching its offerings in Belgium utilizing its EU subsidiary. Crypto exchange Kraken opens its doors to Belgium as part of its commitment to double down on its European presence. In a blog post on…

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Read more - Europe proposes crypto entity suitability guidelines
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have published a joint document that contains crypto entity suitability guidelines. Two projects from the paper involve assessing the suitability of members of management boards and shareholders…

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Read more - Binance announces more EUR fiat channels
In an Oct. 19 post, Binance shares the news of its growing European presence by collaborating with multiple regulated fiat partners to offer EUR services.Â

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Read more - Chainalysis: Central, Northern, and Western Europe reported to be second largest crypto economy this year
In an Oct. 18 report from Chainalysis, Central, Northern, and Western Europe were said to account for 17.6% of global transaction volume between July 2022 and June 2023.

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Read more - ECB launches survey towards CBDC developmentÂ
The Eurosystem has published a survey on its plans for trials and experiments on new technologies for wholesale central bank money settlement. The survey aims to gather feedback from market participants and stakeholders on the potential benefits, challenges, and use…

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Read more - ESMA cautions retail crypto protection in EU delayed until 2024Â
According to the Oct. 17 report, MiCA regulations governing crypto-asset services will not take effect until December 2024.

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Read more - Crypto companies seek more time amid new MiCA regulations
The Electronic Money Association requested the Department of Finance a most extended transition period before implementing the MiCA regulation. According to a report by the Independent, the organization, which has major fintech players such as Revolut and PayPal, among others,…

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Read more - European authority publishes insightful research on defi sector
The European Securities and Markets Authority (ESMA) has published a research paper on decentralized finance (defi). The paper was released on Oct. 11 as part of ESMA’s “Trends, Risks and Vulnerabilities” report. Defi is a novel way of providing financial…

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Read more - Bitstamp to leave Canada amid regulatory crackdown
European crypto exchange Bitstamp is leaving the Canadian market, saying it will discontinue its services in Canada starting January 2024. Cryptocurrency exchange Bitstamp is withdrawing from Canada starting January 2024 as the country imposed stricter rules on crypto companies. In…

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Read more - EU market drives 90% of inflows as crypto investments soar to $78m
Cryptocurrency investment products reached their highest volume since July 2023, totaling $78 million. Coinshares reported that the volumes of crypto exchange-traded products (ETPs) increased by 37%, reaching nearly $1.1 billion. The report also stated that Solana hit its highest level…

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Read more - Kraken expanding in Europe, to acquire Dutch broker BCM
Kraken has announced its intention to acquire Coin Meester B.V. (BCM), a cryptocurrency broker based in the Netherlands