Binance alone accounted for about half of all trading volume, though its market share fell to 40% by December 2023 and has been declining since December 2022.
European Union News
EU cryptocurrency regulations have yet to be unified, but individual institutions like the European Central Bank and the central banks of separate governments have made different statements about the legal status of cryptocurrencies. The European Central Bank’s official position on cryptocurrency is a recommendation not to use them until the establishment of specific cryptocurrency laws for the EU. Cryptocurrencies are a subject of the EU’s anti-money laundering laws, so the EU cryptocurrency exchanges are obliged to identify users and track suspicious transactions. Certain countries in the European Union have their own cryptocurrency regulations. For example, Germany defines a cryptocurrency as a private currency/non-governmental currency. Also, the EU does not provide strict regulations on ICOs and different states have their own ways of handling them.
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Gurbir Grewal, the director of the Division of Enforcement at the SEC, has pushed back against criticism that the regulator is making up rules on crypto as it goes along.
1808Germany is experiencing a renewed interest in the metaverse, which is focused on concrete applications in public administration and industry.
1026The European Commission is evaluating the DeFi industry and could require protocols to obtain a MiCA license in the near future.
4846The largest stablecoin issuers are non-European, but they will have to get compliant fast if they don’t want to lose ground on the continent.
11044EU regulators have opened a non-compliance investigation into various marketing and ranking practices of Apple, Google, Meta and Amazon in potential violation of the EU Digital Markets Act.
2079The European Union's new Anti-Money Laundering laws limit cash and some crypto transactions but proposed noncustodial wallet limits didn't make the final cut.
71868The Greens think the current one-year holding tax exemption for crypto is unfair and are seeking to abolish it.
1027Big Tech giant Google accepted a fine of 250 million euros from the French competition authorities on the grounds of a breach of EU copyright laws during AI training.
9478The global competition for AI supremacy intensifies as companies consider relocating and countries offer incentives to attract AI talent.
4473Only EUR and USDC trading pairs will be supported on the platform in the EU area going forward, according to the message.
10376The European Parliament granted final approval to the European Union’s artificial intelligence law, one of the world’s first set of comprehensive AI regulations.
4157The European Commission is empowered to levy fines for inaccuracies, incompleteness or misinformation provided in response to information requests.
16735This regulatory framework for stablecoins results from a joint collaboration between the European Banking Authority and the European Securities and Markets Authority.
4667The EU Parliament approves the world's first comprehensive AI regulations, aiming for safe and ethical AI development in the European Union.
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