Tagged: EU

January 27, 2025 @ 9:41 am By JD Alois  |  

Tokenization enabler Tokeny says it has formed a partnership with ONYZE, a Spain-based Fintech that offers a white-label digital wallet that is regulated. Founded in 2019, ONYZE provides enterprise-level infrastructure for trading digital assets such as crypto, tokenized assets, NFTs, and digital currencies. ONYZE claims… Read More

January 24, 2025 @ 7:52 am By Omar Faridi  |  

OKX announced that their platform is reportedly the first Virtual Financial Assets (VFA) exchange to secure a Markets in Crypto-Assets Regulation (MiCA) “pre-authorization.” Upon receipt of a full MiCA license, OKX said they will offer “localized” crypto services to over 400 million Europeans via its… Read More

January 20, 2025 @ 7:58 am By Omar Faridi  |  

Stablecoin issuer Circle has reportedly submitted its response to the European Insurance and Occupational Pensions Authority’s (EIOPA) consultation on technical advice for standard formula capital requirements for making investments in crypto-assets. Circle is a global financial technology firm that enables businesses of all sizes to… Read More

January 17, 2025 @ 4:10 pm By JD Alois  |  

The EU Digital Operational Resilience Act (DORA) is operational as of today. DORA aims to harmonize the rules regarding digital operational resilience that apply to financial services firms like banks and more. DORA seeks to improve the incident reporting methodology with a single network which should… Read More

January 17, 2025 @ 11:24 am By JD Alois  |  

MiCA, or markets in crypto markets regulation, aims to create bright-line rules in Europe to enable digital asset innovation. While not regulating digital securities, MiCA covers just about everything else, including stablecoin regulation. The EU wants to encourage the development of new products and services… Read More

January 15, 2025 @ 10:49 am By JD Alois  |  

The European Securities and Markets Authority (ESMA) has published a report addressing crowdfunding in the EU. Not too long ago, the EU approved new rules addressing online capital formation. European Crowdfunding Service Provider regulation (ECSPR) allows a platform approved by the relevant authority in its home… Read More

January 10, 2025 @ 7:23 am By Tony Zerucha  |  

An executive with open banking platform Tink believes the Jan. 9 deadline for Eurozone banks to receive instant payments marks the most significant shift since PSD2 seven years ago. Head of industry and wallets Jan Van Vonno believes Europe is finally poised to realize the… Read More

January 9, 2025 @ 3:20 pm By JD Alois  |  

While MiCA [Markets in Crypto Assets] rules in the EU do not regulate securities it does outline a path for stablecoin integration. Stablecoins may emerge as the next iteration of payments rails with immediate transfers and low cost services. Dary McGovern, Chief Operating Officer of… Read More

January 9, 2025 @ 12:22 pm By JD Alois  |  

Italy Crowd, an investment platform focused on Real Estate offerings, has shut down. Italy Crowd was reportedly the first platform of its kind in Italy. Last year, Italy Crowd withdrew its application from the CONSAB (the securities regulator in Italy) to issue securities under the… Read More

January 9, 2025 @ 10:45 am By JD Alois  |  

EU instant payment rules are going into effect. An X by the Financial Stability Financial Services and Capital Markets Union Directorate noted the rollout today, stating: “Today our instant payments rules will gradually start to come into effect, allowing you to receive money in seconds… Read More

January 8, 2025 @ 12:06 pm By JD Alois  |  

EuroCrowd, a pan-European association advocating on behalf of online capital formation in the EU, sees investment crowdfunding as playing a key role in supporting the EU’s capital markets objectives. The key aspect to creating the European Union was the free movement of goods and services,… Read More

January 7, 2025 @ 12:55 pm By JD Alois  |  

FTX EU has been acquired by Backpack, according to a note from the firm. The goal is to offer crypto trading, including derivatives and perpetual futures, across the EU. Deal terms were not immediately available. FTX EU is part of the global crypto exchange’s global… Read More

January 7, 2025 @ 10:30 am By JD Alois  |  

EU area inflation is on the rise, with Eurostat reporting that annual inflation is expected to be 2.4% in December 2024, up from 2.2% in November. Services are expected to have the highest annual rate in December at 4.0%, compared with 3.9% in November. Energy… Read More

January 6, 2025 @ 12:59 pm By Omar Faridi  |  

​The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is launching the first selection procedure for the Consolidated Tape Provider (CTP) for bonds. Entities interested to apply are encouraged to register and submit their requests in order to participate in… Read More

January 4, 2025 @ 9:45 am By Omar Faridi  |  

At Gemini, they believe that the EU’s cryptocurrency ecosystem should incorporate essential guardrails and transparency to shield users from financial crimes and fraud. Their commitment to regulatory compliance is steadfast, and they see adhering to the EU’s Travel Rule as a “critical step forward in… Read More

January 3, 2025 @ 9:11 am By Omar Faridi  |  

Doconomy, an impact fintech company providing banking platforms with innovative tools to drive financial wellbeing and actionable sustainability, has  announced a partnership with European bank, KBC. KBC sought to find the best solution to help younger generations – in particular those aged between 18 to… Read More

January 3, 2025 @ 8:47 am By Omar Faridi  |  

MoonPay says it has secured approval under the Markets in Crypto-Assets (MiCA) regulation. Ratified by the European Parliament in April 2023, MiCA establishes a unified regulatory environment for digital assets “across the European Economic Area (EEA)—the world’s second-largest crypto economy behind North America.” MiCA aims… Read More

January 2, 2025 @ 8:38 pm By Omar Faridi  |  

Harrison Seletsky, director of business development at digital identity platform SPACE ID, predicts 2025 will be the year privacy comes into focus as the EU launches the digital euro and organizations battle data leaks. He also expects to see a proliferation of AI agents launching… Read More

December 26, 2024 @ 8:06 am By Omar Faridi  |  

UK’s digital bank Monzo appears to be nearing its EU launch, as the Fintech looks to roll out its services beyond the United Kingdom and US markets. Monzo said that it is taking its “mission into Europe in 2025″, as it seeks qualified applicants for… Read More

December 26, 2024 @ 8:05 am By Omar Faridi  |  

Mesh is pleased to announce their latest partnership with Revolut, the global enabler of digital finance. As part of this partnership, Revolut is integrating Mesh Verify in order to enhance wallet ownership verification, not only ensuring a “seamless and secure user experience for their millions… Read More