Key Highlights: Project Faro is preparing to launch a US dollar-pegged stablecoin before introducing tokens backed by other G7 currencies, prioritizing a euro-pegged asset. The banking initiative has grown from 10 founding financial institutions to 21 international firms, including Bank of America, UBS, Fidelity Investments, and Wells Fargo. The group plans to name a chief ...
Key Highlights: Binance has notified users that a monthly inactivity or maintenance fee will apply to remaining cryptocurrency balances starting November 29. The fee is set at either 0.025% or a minimum of 10 USDC, whichever is greater, potentially wiping out accounts holding less than the charge. The policy shift stems from the European Union’s ...
Key Highlights: German cooperative banks are driving a wave of new crypto-asset licensing, with institutions like Raiffeisenbank Eifel eG and Volksbank Niederrhein eG securing official authorisations. Germany accounts for 117 of the 387 active crypto-asset service provider licences across the European Union, according to tracking data from Penning. With the European Securities and Markets Authority ...
Key Highlights: GateHub has integrated its euro-pegged stablecoin, GateHub Euro (EURGH), with the Single Euro Payments Area (SEPA) network. Issued by regulated electronic money institution Dinaro under MiCA guidelines, EURGH enables instant transfers from XRPL and Xahau wallets directly to European bank accounts. EURGH joins an expanding ecosystem of regulated European stablecoins, including Circle’s EURC, ...
Key Highlights The European Securities and Markets Authority’s (ESMA) register of non-compliant crypto providers currently relies on data from only five out of 30 European Economic Area (EEA) member states. Major financial jurisdictions, including Germany, France, and Cyprus, have submitted zero non-compliant entries to the central ESMA database despite issuing numerous domestic warnings. Regulatory gaps ...
Key Highlights: Qivalis plans to distribute its newly licensed token using a B2B2X model via banks, exchanges, and payment service providers. Issuance remains subject to European Union Markets in Crypto-Assets (MiCA) rules and Dutch central bank (DNB) regulatory requirements. Before token trading or public offering begins, Qivalis must finalize regulatory notifications and publish a detailed ...
Key Highlights: The U.S. CFTC proposed defining qualifying event contracts across politics, sports, culture, and weather as swaps, while issuing an interim final rule to exclude traditional sportsbook wagers and casino games. ESMA issued an opinion advising MiCA-authorized crypto-asset service providers to halt services for noncompliant asset-referenced and e-money tokens within three months. New York ...
Key Highlights: The European Securities and Markets Authority (ESMA) has issued updated guidance targeting crypto-asset service providers handling unauthorized stablecoins under the Markets in Crypto-Assets (MiCA) framework. Crypto firms must establish technical, contractual, and organizational controls to block European Union clients from purchasing or expanding exposure to non-compliant tokens. Firms are permitted to facilitate temporary, ...
Key Highlights: U.S. authorities and lawmakers intensified crypto enforcement, with the Treasury targeting the Russia-linked A7 Network and a Senate subcommittee scrutinizing Tether’s sanctions controls. In Europe, ESMA recommended broadening the Markets in Crypto-Assets (MiCA) framework to regulate DeFi intermediaries, technical interfaces, and staking activities. The UK Financial Conduct Authority (FCA) officially opened its authorization ...
Key Highlights Germany proposes a 50% default tax base for crypto assets acquired after December 31, 2026, combined with a flat 25% capital gains tax plus solidarity surcharge totaling 26.375%. Circle’s Patrick Hansen warns the framework will disproportionately hit retail investors who cannot provide clean acquisition cost documentation, potentially taxing nonexistent gains. The regime is ...
Key Highlights Binance confirms it remains committed to securing a MiCA license in Europe despite withdrawing its Greek application in mid-June after the Hellenic Capital Market Commission (HCMC) declined to approve it. Binance’s Head of Europe, Gillian Lynch, states the exchange met all HCMC requirements and had a “complete application” with nothing material outstanding. The ...
Crypto Banter founder Ran Neuner has identified regulatory uncertainty as the primary risk facing Hyperliquid, warning that decentralized exchanges could soon encounter intensified government scrutiny. Speaking on Cointelegraph’s Chain Reaction podcast, Neuner explained that regulators have begun establishing frameworks for centralized crypto platforms and predicted that decentralized venues would be the next target. Regulatory Timeline: ...