Kraken Expands in Europe with Dutch License
Kraken has obtained a license in the Netherlands, allowing it to operate in the country as a virtual asset service provider (VASP). Kraken has obtained the provider license as part of its strategy to increase its presence throughout Europe. After acquiring Dutch cryptocurrency broker BCM in October of last year, Kraken is now poised to […]
Europe Leads Ethereum ETF Market with $4.6B AUM
Europe and Canada already have billions of dollars worth of spot and futures Ethereum-related products, while U.S. regulators are still debating spot Ethereum ETFs. Europe has an 81.4% market share in the worldwide Ethereum (ETH) ETF market, according to a Coingecko report. There are thirteen ETFs in the space with ETH backing, distributed among futures […]
EU Member States Unanimously Endorse AI Act
France and Germany retracted their objections to the AI Act before its approval on February 2. With the approval of the final text of the EU’s AI Act by member states, the European Union has advanced its regulatory framework for artificial intelligence (AI). EU Commissioner for the Internal Market, Thierry Breton formally confirmed the “endorsement of […]
Invesco, WisdomTree Reduce Fees on European ETPs by Over 60%
Following the United States Securities and Exchange Commission (SEC) approval of ETFs, the spot Bitcoin exchange-traded fund (ETF) fee war has now spread to Europe, and assets managers Invesco and WisdomTree have reduced the expenses of their ETP for institutional investors. Before their approval on January 10, all eleven applicants made multiple revisions to their […]
EBA Proposes Liquidity Guidelines for Stablecoin Issuers
The European Banking Authority (EBA), the banking authority of the European Union, has proposed a new set of guidelines that will establish minimum capital and liquidity requirements for stablecoin issuers. To prevent bank runs and contagion during a crisis, the brand-new liquidity guidelines guarantee that the stablecoin can be redeemed rapidly, even during volatile market […]