The French central bank has announced the first successful test of a digital euro.
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.
Crypto.com’s debit Visa cards are now available in all EU states as the company aims for global presence.7531
German STO platform Black Manta joins digital asset custody firm Finoa to develop institutional security token custody.7424
An enterprise-focused blockchain association has partnered with the European Commission and UCL to develop a list of DLT solutions useful in fighting COVID-19.1915
The Dutch implementation of the EU’s anti-money laundering directive will cost crypto-businesses a fortune.4636
As the European Commission finished its crypto consultation in March, France’s major financial regulator expressed its stance on the matter.2579
Most of the fundraising in the cryptocurrency space shifted from the Americas to Europe, Middle East, Africa and the Asia Pacific region.2819
The European Commission sees some specific uses for blockchain technology in coordinating communication between member states, fostering crypto innovation.4086
It is still too early to gauge the impact of QE on crypto, says Mati Greenspan. “The initial shock of the global economy grinding to a halt” is still too fresh.5891
A consortium has announced the release of a blockchain-based system designed to track the movement of individuals not infected with high-risk viruses.2974
Spain’s National Securities Market Commission has halted short selling in an effort to protect local stocks from the recession caused by the coronavirus epidemic.1790
Major European financial institutions have jointly launched a blockchain-based platform for the investment fund industry.2968
“The fact that an OECD country is recognizing BTC as a ‘fungible’ asset is progress — a wake-up call to banks, institutional investors, regulators that Bitcoin is here to stay.” — Dan Schatt.5276
Many fintech companies chose London because of its strong financial regulation, but how will Brexit affect the industry in Europe and the U.K.?2823
The German financial watchdog BaFin has issued a summary instruction manual for businesses that wish to offer cryptocurrency services that require its custody.2981