Tag: EU

The European Union's new crypto licensing rules are creating an unexpected side effect, a rise in scams targeting exchange customers forced to move their assets after unlicensed platforms lost the right to operate. Under the Markets in Crypto-Assets (MiCA) regulation, crypto firms that failed to obtain authorization by the July ...

The European Union has agreed on its 21st sanctions package against Russia, adding new restrictions on banks, crypto firms, oil trading platforms and vessels linked to Russia's shadow fleet.  European Commission President Ursula von der Leyen welcomed the agreement on X, saying the measures will further weaken the economic foundations ...

The European Union has ordered Google to give OpenAI, competing AI developers, and rival search engines access to parts of its Android platform and search services under the Digital Markets Act (DMA). The European Commission published the compliance measures six months after opening specification proceedings to define how Google should ...

Binance says it remains committed to operating in the European Union despite withdrawing its Markets in Crypto-Assets (MiCA) license application in Greece, while also pursuing new regulatory approvals across Asia. Speaking at the Reuters NEXT Asia conference in Singapore on July 9, Binance Co-CEO Richard Teng said the exchange remains ...

Backpack has expanded its regulatory footprint in Europe after receiving both a Markets in Crypto-Assets (MiCA) license and a Payment Institution license from the Bank of Latvia, allowing the company to offer a broader range of services across the European Union. The approvals add to Backpack's existing MiFID II license, ...

Six months after the Markets in Crypto-Assets Regulation (MiCA) came into force for crypto-asset service providers (CASPs) and a full year since its implementation for stablecoin issuers, the European Union’s landmark regulatory framework is beginning to solidify, offering a clearer structure for digital asset oversight across the bloc. ???????????????? 6-???????????????????????? ...

Telegram founder Pavel Durov has publicly rejected pressure from a European Union country to censor political speech ahead of Romania’s presidential elections, which took place on May 18. The tech entrepreneur revealed in a post on his Telegram channel, hinting that the country in question was France, using a baguette ...

BitGo has received regulatory approval from Germany’s financial authority, BaFin, under the European Union’s Markets in Crypto-Assets (MiCA) framework, positioning the firm to scale its institutional digital asset services across the continent. The license, granted to BitGo Europe GmbH, the company’s regional headquarters, allows the firm to offer regulated crypto ...

The European Union’s insurance regulator has proposed a sweeping measure requiring insurers to hold capital equivalent to the full value of their cryptocurrency assets. This initiative, aimed at protecting policyholders, was outlined in a Technical Advice report submitted by the European Insurance and Occupational Pensions Authority (EIOPA) to the European ...

OKX has temporarily suspended its DEX aggregator services following attempted misuse by North Korea’s Lazarus Group, a notorious hacking collective behind the $1.5 billion Bybit hack. In a March 17 statement, the exchange said the decision was made proactively after consulting regulators. OKX cited security concerns over the group’s coordinated ...