Tagged: EU

eToro Obtains Crypto Asset Service Provider Registration from CySEC, Readies fo MiCA

eToro, the trading and investing platform, has announced that its application for registration under the CySEC CASP (Crypto Asset Service Provider) Register in Cyprus has been approved. The registration will enable eToro to “offer regulated crypto services to all EU countries on a cross-border basis… Read More

Stock.estate – First Debt Focused Crowdfunding Platform Approved in Romania, Will Provide Loans for Real Estate Projects

Stock.estate has been approved to operate as a securities crowdfunding provider in Romania. The company has been approved by the Romanian Financial Supervisory Authority (ASF) and is described as the first “crowdlending” platform in Romania. Stock.estate will provide loans to real estate developers for periods… Read More

Berlin’s Upvest to Provide Smart Money App Plum with Investments API, Enabling More Investment Opportunities

Berlin-based fintech Upvest is set to provide Plum, the smart money app, with its investment API, enabling Plum to expand its range of investment opportunities to EU customers. Plum currently offers 3,000 US stocks to EU customers. Following this partnership, Plum will have the functionality… Read More

Small Businesses Are Looking for Effective Financial Management Tools, Not Banking Products, Report Claims

Banks have long struggled to serve small and midsize enterprises (SMEs) effectively, despite the prominence of these companies in national economies, as SMEs recently “represented just over half of gross value added in the European Union and just under half in the US.” As noted… Read More

The European Investment Fund (EIF) and Lithuania’s SME Finance to Provide €40 Million to SMEs

The European Investment Fund (EIF) and SME Finance in Lithuania have joined to provide €40 million in financing for businesses in the Baltics and elsewhere, according to a statement by the EIF. The EIF will be providing a guarantee to SME finance to provide investments… Read More

Ireland Pursues Consultation on Crypto Asset Regulation: “MiCAR”

The Government of Ireland has submitted its own consultation on possible regulation of digital assets or crypto. The European Union has approved crypto asset regulation under MiCA. Ireland, part of the EU, is flexing its prerogative to present its own consultation on possible regulation or… Read More

Fintech Industry Experts Share Analysis of Proposed PSD3, Payment Services Regulation (PSR)

In the evolving landscape of European financial regulations, it is crucial for businesses and stakeholders “to stay informed about the latest developments,” according to a report by the law firm of Bird & Bird. The EU proposals, or the Financial data access and payments package,… Read More

Digital Asset First: Securitize to Issue Tokenized Securities in the EU

Digital security platform Securitize will become the first entity to enable tokenized securities in the European Union – as well as the US. Securitize has been approved for tokenized assets under an EU pilot regime. The company holds security licenses in both the US and… Read More

EstateGuru Provides Half Year Update

EstateGuru, a platform that matches borrowers with investors, has provided a half year update on its activities. The company reported that during the first 6 months of the year, EstateGuru has financed 269 separate real estate projects raising €44 million. During the same period, investors… Read More

Profitable Digital Bank bunq Raises More Money at €1.65 Billion Valuation

Profitable digital bank bunq has raised more money. According to a note from the firm bunq has received €44.5 million at a pre-money valuation of €1.65 billion.  In 2021 bunq raised €193 million at the same valuation. Bunq was founded by Ali Niknam after he… Read More

HeavyFinance Obtains European Crowdfunding Service Providers (ECSPR) License

HeavyFinance, a European climate tech investment marketplace, has gained the European Crowdfunding Service Providers (ECSP) license to accelerate its financial service expansion in Europe. HeavyFinance, based in Lithuania, originates loans directly in five European markets – Poland, Portugal, Lithuania, Latvia, and Bulgaria. This follows the… Read More

Bank of London Submits Application for European Union Banking License

The Bank of London announces it has submitted its formal application for a European Union (EU) Banking Licence and “commits to €200M investment and hiring 300 people in Luxembourg over the next five years.” The formal application has been jointly “lodged with the European Central… Read More

EstateGuru Comments on its Approval to Operate Under ECSPR to Provide Pan-European Securities Offerings

EstateGuru, an established online marketplace for secured loans, has been approved to operate across the European Union under ECSPR or European Crowdfunding Securities Provider Regulation. EstateGuru will join a handful of other online marketplaces to issue securities and raise capital online in the EU. As… Read More

Association for Financial Markets in Europe (AFME) Calls on Negotiators to Examine Issues in CSDDD

As trilogue negotiations take place on the Corporate Sustainability Due Diligence Directive (CSDDD) proposal later this month, the Association for Financial Markets in Europe (AFME) has published a position paper, “outlining its recommendations for negotiators and calling on them to focus on ensuring that the… Read More

Invesdor Touts First Pan European Renewable Crowdfunding Offering via Oneplanetcrowd

The Invesdor Group is the combination of Finnest, Kapilendo, and Oneplanetcrowd. The Nordic company aims to become the dominant online capital formation platform in the European Union by providing access to capital and investment opportunity across Europe. At the end of 2022, Invesdor announced its… Read More

European Union Moves Forward on CBDC, Digital Euro Framework Released

Like many other jurisdictions, the European Union has been reviewing the potential to launch a digital Euro, and today, the EU took another step in that direction. As expected, the EU issued a proposal to create a digital Euro which seeks to satisfy the needs… Read More

Crypto Council for Innovation Comments on Anticipated EU Digital Euro Package

The European Union is expected to release its proposal on digital payments and a possible digital euro soon. In advance of the anticipated release, the Crypto Council for Innovation has issued a statement on the forthcoming policy. Mark Foster, the EU Policy Lead at the… Read More

DLT Adoption: European Digital Infrastructure Consortium (EDIC) to Support Progressive Blockchain Policy

The European Union has introduced the European Digital Infrastructure Consortium (EDIC), a new entity that aims to focus on promoting blockchain policy in order to move Europe’s “digital decade” forward in a meaningful manner. The EDIC should become operational towards the end of 2024 and… Read More

France: Autorité des marchés financiers Updates on Securities Crowdfunding Marketing Requirements

As part of the new European Crowdfunding Service Provider Regulation (ECSPR), which legalizes pan-EU securities crowdfunding, platforms must be approved by the relevant authority in a member state. France, the second largest economy in the EU, has incorporated rules for the approval process and today… Read More

European Securities and Markets Authority Posts Timeline for Markets in Crypto-Assets Regulation (MiCA)

The European Securities and Markets Authority (ESMA) has published a time frame for the implementation of Markets in Crypto-Assets Regulation (MiCA). EMSA is the EU securities regulator. The EU recently approved the legislation as it seeks to enable digital asset innovation while incorporating investor protection… Read More

Send this to a friend