ECB Gets New Powers From EU Over Climate, Crypto Bank Risks
The European Union is strengthening the role of the European Central Bank in supervising digital assets and climate risks inside the banking industry. This action is a result of the banking industry’s exposure to a wider range of risks, particularly those related to climate change and the developing field of digital assets. The ECB’s duties […]
Kraken Launches its Services in Belgium Through EU Subsidiary
Kraken, an American cryptocurrency exchange, is using its EU subsidiary to introduce its products in Belgium. Crypto exchange Kraken opens its doors to Belgium as part of its commitment to double down on its European presence. The San Francisco-based cryptocurrency exchange announced the change in a blog post on November 7. It claimed the action […]
Deribit to Offer Options on More Tokens, Expand in EU
Deribit plans to introduce options trading for SOL (Solana), XRP (Ripple), and MATIC (Polygon) starting in January 2024. About a year after the platform experienced a $28 million attack, the cryptocurrency derivatives exchange Deribit is attempting to apply for a brokerage license in the European Union. The exchange now regarded the EU as the “best […]
EU’s MiCA Rules Could Prohibit MEV Activities on Ethereum
MiCA law enforcement causes concern as MEV-involved organizations on Ethereum and other smart contract platforms may face a business ban in the EU. The adoption of MiCA by the European Parliament on April 20, 2023, is an important turning point because it is the first legislation that governs the issuance and delivery of services related […]
EU Officials Dismiss Privacy Fears Over Digital Euro
European authorities are trying to reassure the public that the digital euro, a proposed central bank digital currency, will not be a surveillance tool or a conspiracy. They say the project will be democratic, open, and transparent and will complement cash as a means of payment. The digital euro is a potential digital form of […]