Europe News

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. 

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…

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…

A disturbing pattern of home invasions against cryptocurrency holders in Sweden highlights the dangers of the country's public access laws.

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…

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…

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…

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. 

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.

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…

According to the Oct. 17 report, MiCA regulations governing crypto-asset services will not take effect until December 2024.

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,…

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…

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…

Kraken has announced its intention to acquire Coin Meester B.V. (BCM), a cryptocurrency broker based in the Netherlands