EU Plans for Blockchain and AI Integration
The EU has been advised to prepare for the integration of blockchain and AI, per a May 24 report from the European Blockchain Observatory and Forum. It has been recommended that the European Union (EU) prepare itself for the convergence of artificial intelligence (AI) and blockchain technology. An initiative of the European Commission, the European […]
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 […]
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 […]