Only EUR and USDC trading pairs will be supported on the platform in the EU area going forward, according to the message.
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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The European Parliament granted final approval to the European Union’s artificial intelligence law, one of the world’s first set of comprehensive AI regulations.
2279The European Commission is empowered to levy fines for inaccuracies, incompleteness or misinformation provided in response to information requests.
16044This regulatory framework for stablecoins results from a joint collaboration between the European Banking Authority and the European Securities and Markets Authority.
4062The landlocked country of Andorra sought technical assistance from the International Monetary Fund on various topics, including effectively monitoring crypto assets.
2095The EU Parliament approves the world's first comprehensive AI regulations, aiming for safe and ethical AI development in the European Union.
3012The digital euro intends to be the next evolution of the European currency, but before its inception, it has already caused division in Europe.
981Portugal’s general elections are crucial for the country’s blockchain and digital assets industry.
3355After reviewing some of its crypto services over the past months, London fintech firm Revolut announces direct purchases through MetaMask.
4571The SEC has already approved several spot Bitcoin ETFs in the U.S.; however, these ETFs are not allowed in the EU due to strict regulations. Instead, there are other alternative ways to safely invest in cryptocurrencies.
2395The list contains several crypto firms among companies trading without the correct licenses.
2371The Terraform Labs co-founder, who has been in Montenegro since his arrest in March 2023, will reportedly be extradited to the United States to face fraud charges.
9787Meta outlines its strategy to combat the misuse of generative AI in content on its platforms ahead of the European Parliament elections in June 2024.
2013FTX Europe will be sold back to its founders for $32.7 million, roughly three years after being acquired by Sam Bankman-Fried for $323 million.
7268The Anti-Money Laundering Authority will start its work by mid-2025.
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