EU Postpones Metaverse Strategy to Tackle Policy Challenges
The European Commission has delayed the release of its metaverse strategy, which will address privacy, property rights, and technical standards in virtual worlds. The metaverse, a term used to describe a collective virtual shared space, is gaining popularity in the cryptocurrency and big tech worlds. It allows users to create, explore and interact with digital […]
Danish Watchdog Orders Saxo Bank to Sell its Crypto Assets
The Danish Financial Supervisory Authority (FSA) has ordered Saxo Bank to dispose of its crypto assets, citing regulations that prohibit such trading for financial institutions in Denmark. Saxo Bank, a leading online trading and investment platform based in Denmark, has been instructed by the country’s financial regulator to liquidate its holdings of crypto assets, including […]
MiCA Features on EU Official Journal
Markets in Crypto-Assets (MiCA) legislation, the regulatory framework for crypto assets among EU member states, was published in the Official Journal of the European Union (OJEU) on June 9. Marking its countdown to implementation on December 30, 2024. The regulations, signed into law on May 31 after their initial introduction in 2020, seek to establish […]
EU Consumer Group Urges Social Media Platforms to Ban Crypto Ads
BEUC, a European consumer organization, has filed a complaint with the EU and national authorities against Instagram, YouTube, TikTok, and Twitter for allowing misleading crypto ads on their platforms. The group says the ads expose consumers to high financial loss risks and violate consumer laws. BEUC, representing 45 consumer associations from 32 European countries, has […]
Qmall Launches Crypto Cards and Education Course for EU Users
Qmall, a crypto exchange that recently entered the EU market, offers crypto cards with free maintenance and a crypto education course from the top academy in Europe to new users who register before June 1st, 2023. Qmall, a crypto exchange that recently entered the EU market, is offering crypto cards with free maintenance and a […]