Binance Visa Card Services to End in Europe
Binance, the leading cryptocurrency exchange, announced that it will stop its Visa debit card services in the European Economic Area (EEA) on December 20, 2023. The decision affects about 1% of Binance’s global user base and some humanitarian programs. Binance suggests alternative payment options for its European customers. Binance, the leading cryptocurrency exchange, announced a […]
Ireland Becomes Coinbase’s European Crypto Hub
The US-based cryptocurrency exchange Coinbase is expanding its presence in Europe and has formally designated Ireland as its preferred operational and regulatory European crypto hub. Coinbase has chosen Ireland as the location for its European Union subsidiary to comply with the Markets in Crypto-Assets Regulation (MiCA), the company announced on Oct. 19. With MiCA, which […]
ECB Occasional Paper on DAOs Future
Uncertain regulatory conditions continue to hinder the DAO ecosystem’s sustainable development, according to a new ECB occasional paper. The occasional paper (OP) of the European Central Bank (ECB) suggests that decentralized autonomous organizations (DAOs) require a comprehensive regulatory framework if they are to have a future in the financial sector. The OP “The future of […]
Ferrari Accepts Crypto Payments in US, Plans to Expand to Europe
Ferrari, Italian luxury car maker, has started to accept crypto payments in the US, following the demand from its wealthy customers. The company has partnered with BitPay to process payments in Bitcoin, Ethereum, and USDC. Ferrari plans to extend the crypto payment option to Europe next year and other regions where crypto is legal. Ferrari, […]
BIS, EU Central Banks Establishing Crypto Tracking System
The Bank of International Settlements and other European Central banks are developing an international cryptocurrency tracking system. The Bank of International Settlements (BIS) has devised a proof of concept (PoC) for a system that can track on-chain and off-chain transactions from cryptocurrency exchanges and public blockchains, such as Bitcoin. With the Deutsche Bundesbank, De Nederlandsche Bank, […]