Netherlands has invited public comments on a new draft bill on crypto tax reporting expected to align local rules with European Union regulations. The public can share opinions and comments up to Nov. 21, 2024. Adoption will see crypto service providers share user details starting January 1, 2026. The Dutch government has asked for public…
Western leaders from Europe are facing jitters as the BRICS 2024 summit is held in the Kazan region of Russia. Talks of isolating Russia through sanctions have failed as representatives from over 40 countries are participating in the outreach. Policies about de-dollarization, ending reliance on the Euro and Pound, and pushing local currencies for trade…
The following is a guest post by Anil Oncu, CEO of Bitpace. Since its inception in 2020, the European Union’s Markets in Crypto-Assets (MiCA) regulation has shed a new light on the European crypto industry. While many have considered the continent a less important player, the fledgling regulation has introduced a new narrative—one where Europe…
Ireland’s Finance Minister Jack Chambers has announced plans to draft urgent legislation aimed at updating financial regulations to include cryptocurrency and digital asset firms. According to the Irish Examiner, this legislation is crucial to ensure compliance with new European Union money laundering and financing of terrorism laws, which are set to take effect on December…
21Shares, a crypto investment firm, has called on the European Securities and Markets Authority (ESMA) to establish standardized regulations for incorporating crypto into UCITS (Undertakings for Collective Investment in Transferable Securities) funds, according to an Oct. 7 statement. The firm noted that the current approach lacks consistency and causes confusion for retail and institutional investors…
Coinbase has announced plans to delist Tether’s USDT and other stablecoins that do not comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations by December 30, 2024. This decision is part of Coinbase’s efforts to adhere to the new rules, which require stablecoin issuers to obtain an e-money license in an EU member state….
Coinbase will begin delisting non-compliant stablecoins that do not match new MiCA rules, including USDT, and complete the process by the end of 2024. Coinbase Global Inc. recently disclosed the plans in direct response to the European Union’s new MiCA regulations that will take effect on December 31. JUST IN: 🇪🇺 Coinbase to delist USDT…
Sygnum, a Swiss digital asset banking group, has registered its local subsidiary with the Liechtenstein financial regulator. This move allows the company to offer regulated services in the EU and European Economic Area under the incoming MiCA framework. With plans for further growth in Asia, including Hong Kong and Singapore, Sygnum continues to strengthen its…
Swiss crypto banking group Sygnum told CryptoSlate that it has secured a crypto license in Liechtenstein via its local subsidiary. According to a Sept. 23 statement, the firm said its Liechtenstein subsidiary Sygnum Europe AG had been registered with the country’s Financial Market Authority (FMA) as a service provider under the Token and Trusted Technology…
Justin Sun proposed a ‘FreePavel DAO’ to fund Telegram CEO Durov’s legal defense using decentralized crowdfunding. Telegram CEO Pavel Durov was detained in France, with no formal charges, prompting industry-wide support. Ethereum co-founder Vitalik Buterin warned Durov’s arrest could threaten user privacy and communication freedom in Europe. Telegram CEO Pavel Durov was detained by French…