Tagged: european union

Coinbase Introduces Tezos (XTZ) Staking to Earn Rewards by Passively Holding Crypto on the Exchange in the UK, certain EU Countries

San Francisco-based cryptocurrency exchange Coinbase is focused on providing more ways for users to earn financial rewards by simply holding digital assets. Coinbase recently introduced Tezos (XTZ) staking rewards for its US-based customers. The exchange will now be offering this option to its UK clients… Read More

Regtech: European Trade Repository REGIS-TR Partners Sensiple to Offer Interoperable, Automated Reporting Software

European trade repository REGIS-TR, which is a joint initiative established by the Clearstream (Deutsche Börse Group) and Iberclear (BME Group), will partner with Sensiple, a company offering regulatory technology (Regtech) for making repurchase agreements and facilitating secure lending. Through the partnership, REGIS-TR and Sensiple plan… Read More

Amsterdam-based Banking Challenger Finom Secures €6.5 Million in Seed Funding via Round led by Target Global

Amsterdam-based banking challenger Finom, which aims to serve entrepreneurs and SMEs, has secured €6.5 million in seed funding through an investment round led by Target Global. General Catalyst, FJlabs, the Raisin founders Frank Freund, Tamaz Georgadze, and Michael Stephan also took part in Finom’s funding… Read More

Blockchain-based Brave Browser Files Complaint Urging European Commission to Take Action Against Government Agencies that are Not Ensuring User Privacy

The San Francisco-based developers of Brave, an open-source, privacy-oriented Internet browser, have submitted a complaint which asks the European Commission to take quick action against European Union-based government agencies that are not protecting the data and privacy of local residents. Brave’s complaint was filed on… Read More

European Bitcoin (BTC) Savings Service Bittr Forced to Shut Down Due to Extensive and Costly AMLD5 Regulatory Requirments

Netherlands-based Bittr, a Bitcoin (BTC) savings service, is reportedly closing down its business. Ruben Waterman, the company’s founder, said that newly-enforced financial regulations were the main reason why Bittr decided to shut down its services. The AMLD5 became effective July 9, 2018, and required the… Read More

Dutch Banking Challenger bunq Introduces Joint Accounts for Premium and Business Account Holders

European challenger bank bunq is introducing joint accounts for its Premium and Business account holders. Bunq+1 users will now have the option of opening an account for anyone they want to, which includes their partners and children. Bunq+1 business clients can create new accounts for… Read More

European Commission Plans Crypto-Asset Legislation in Q3 of 2020

The European Commission (EC) intends on publishing possible legislation for digital assets or crypto-assets in Q3 of 2020. This is according to a statement Executive Vice-President Valdis Dombrovskis on behalf of the EC. The reveal was squirreled away in a European Parliament question page. The statement… Read More

Here is the EU’s Consultation on Digital Finance – Fintech Action Plan

This month, the European Commission kicked off a consultation on the future of digital finance and Fintech. Simultaneously a consultation on payments was announced. The Fintech consultation opens by explaining the following: “Digitalisation is transforming the European financial system and the provision of financial services… Read More

European Parliament Suggests Broadening the Definition of Virtual Currencies and Platforms that Need to Follow Financial Regulations

The European Parliament suggests that the EU should consider broadening the existing definition of digital assets or cryptocurrencies and expand its current list of blockchain or crypto-related organizations that may need to follow financial regulations. The EU adopted the Fifth Anti-Money Laundering Directive (AMLD5) back… Read More

Digital Banking: Online Lender Mintos Pursues European Investment and e-Money Licenses

Mintos, a global loan marketplace claiming over a quarter of a million investors, is pursuing both a investment firm license and an e-money institution license, according to a release from the company. Mintos has applied to the Financial and Capital Market Commission (FCMC) in Latvia… Read More

France: GSX CEO Comments on Autorité des Marchés Financieres Proposal on Digital Securities

Recently, the French Autorité des Marchés Financiers (AMF), the leading securities regulator in France, posted a legal analysis of security tokens or digital securities. The AMF posited that while there remain certain “legal obstacles,” in their opinion national authorities can adapt to these types of… Read More

Coronavirus: European Union to Aid SMEs with € 8 Billion of Financing

Like many jurisdictions around the world, the European Union has announced extraordinary measures to combat the Coronavirus, or COVID-19, including measures to mitigate the impact the illness will have on SMEs. In a statement yesterday, the Commission said it considers the COVID-19 pandemic as qualifying as… Read More

Blockchain Regulatory Software Developer Shyft Network to Help Binance Comply with FATF Guidelines

Malta-based digital asset exchange Binance has teamed up with Shyft Network, the developer of a public blockchain protocol, in order to ensure that it is complying with updated Financial Action Task Force (FATF) financial market regulations. The Shyft Network was developed to offer a decentralized… Read More

Black Eye: Estonia Hit by Shuttered P2P Investment Platforms, Impacted Investors Look for Answers

Last month, Crowdfund Insider reported on two debt-based investment platforms based in Estonia closing their doors leaving investors with many questions and apparently no money. Envestio tweeted that the problem had to do with a “well-planned set of actions aimed to cause significant financial and… Read More

Fintech TransferWise Explains How it Can Assist Estonian E-Residents in Establishing Business Operations

Estonia’s e-residency program is a government-backed digital identity initiative that allows individuals and companies to launch a new business in the European nation, even if they do not physically reside there. For example, if you are a German citizen, and are living in Singapore and… Read More

After UK’s Exit from EU, Vilnius Set to Become Largest Center in the Bloc for Regulated Fintech Firms: Report

The Baltic region’s finance industry has been struggling and some of the area’s countries including Estonia, Latvia, and Lithuania have reportedly been indirectly involved in money-laundering scandals that were allegedly orchestrated by large Nordic banks. However, Lithuania’s capital has been able to develop its local… Read More

European Commission Launches Two Consultations, One on Crypto Assets, 2nd on Cybersecurity

Yesterday the European Commission announced the launch of two consultations. The first is on digital or crypto-assets including stablecoins. The second is on cybersecurity. The consultation on digital assets is due to President Ursula von der Leyen determination to keep abreast of innovation in the… Read More

European Crowdfunding Network: Extremely Excited with Harmonized EU Crowdfunding Rules

Yesterday, Crowdfund Insider reported on the agreed-upon legislation for harmonized pan-European crowdfunding rules. Having a single market for online capital formation has been a goal of crowdfunding industry leaders and industry participants for years. Industry advocates have worked diligently behind the scenes to push forward… Read More

Finally. European Union Agrees on Harmonized Crowdfunding Rules, Offering Cap Set at €5,000,000

According to a notice published by the Europea Parliament, final European Union-wide rules have been agreed upon thus forwarding the goal of a true monetary union while promoting online capital formation. The European Parliament negotiating team has reached a deal with the European Council which… Read More

Cryptocurrency Mining Platform Simpecoin Set to Officially Shut Down on January 1st 2020

Simplecoin, a European cryptocurrency mining platform, has announced that it will be shutting down its operations on January 1, 2020. Simpleton reported that the proposed fourth Anti-Money Laundering Directive by the European Union (EU) is currently being implemented by its member states which impacts its… Read More

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