The Bank of England invites feedback on its proposed stablecoin framework, with the aim of finalizing the rules in the second half of 2026.
Europe News
Europe is a continent comprising the westernmost part of Eurasia. According to the United Nations, there are 44 countries in Europe, of which 27 are members of the European Union. The EU has the world’s third-largest economy by gross domestic product, or GDP, and purchasing power parity.
Europe is also a burgeoning hub for cryptocurrency innovation. Several European nations have embraced cryptocurrency, fostering a crypto-friendly environment within the region. Regulatory frameworks, such as the Markets in Crypto-assets Regulation (MiCA), have been proposed by the European Union to standardize crypto regulations across member states. These regulations aim to provide clarity and security to investors and businesses operating in the crypto space.
Liechtenstein, a small European country, introduced a new blockchain law that allows seamless tokenization of assets and rights, eliminating the need for legal workarounds. This enhances the country’s ability to legally host various digital tokens. Countries like Switzerland and Estonia have also gained recognition for crypto-friendly policies.
Switzerland, often dubbed “Crypto Valley,” hosts numerous blockchain startups and cryptocurrency companies due to its favorable regulations and supportive government initiatives. Estonia, on the other hand, offers e-residency programs, attracting digital entrepreneurs and blockchain businesses from around the world. Additionally, Malta boasts progressive cryptocurrency regulations, positioning itself as the “Blockchain Island” and a global hub for digital asset innovation and businesses.
Europe’s proactive approach toward cryptocurrency regulation and its rich technological infrastructure position the continent as a prominent player in the global crypto landscape, encouraging innovation and investment in the digital asset sector.
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Italian banks have endorsed the ECB’s digital euro project but called for implementation costs to be spread out over several years.
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After adopting the AI Act last year, the European Union is considering easing certain provisions amid mounting pressure from the US and Big Tech.
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Coinbase said it had enhanced oversight and compliance testing after coding errors led to gaps in transaction monitoring between 2021 and 2022.
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Future’s $34.5 million round, backed by Fulgur Ventures, Tobam and others, highlights Switzerland’s growing role in institutional Bitcoin adoption.
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Extending ESMA jurisdiction to include financial markets threatens to slow innovation for crypto and fintech companies, but some policy experts see a silver lining.
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The license positions Zerohash as one of the first MiCA-approved stablecoin infrastructure companies, strengthening its appeal to institutions.
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The EU is reportedly drafting a proposal to transfer crypto and financial sector oversight to the ESMA, as part of a wider push to improve capital markets for startups.
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The comments from European Central Bank head Christine Lagarde drew overwhelming backlash from the crypto community and political influencers.
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AllUnity’s euro-pegged MiCA-compliant stablecoin, EURAU, is expanding across major blockchains using Chainlink’s CCIP protocol.
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Nordea announced in 2018 that it would ban employees from buying and holding Bitcoin due to concerns that the crypto market was unregulated.
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Nigeria, the Bahamas and Jamaica are only three jurisdictions that have launched CBDCs, according to the American think tank, the Atlantic Council.
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Europe’s MiCA framework is seen by Germany’s main opposition party as a barrier to Bitcoin adoption, sparking calls for regulatory reform.
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Safello’s TAO ETP joins a new wave of crypto ETFs hitting global markets, with fresh Solana, Litecoin and Hedera fund launches across the US and Hong Kong.
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ClearBank and Circle’s partnership involves scaling USDC and EURC operations through Circle Mint, which enables the minting and redemption of the tokens.
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