Tagged: european union

April 5, 2022 @ 8:46 am By JD Alois  |  

Crowdcube is accelerating in France. That is how the new French version of Crowdcube announces itself. Crowdcube is one of the largest securities crowdfunding platforms in the UK as well as Europe. Having long operated in Europe, recent rule changes will make it easier for… Read More

April 3, 2022 @ 4:59 pm By JD Alois  |  

Last November, the European Union authorized pan-European crowdfunding, European Crowdfunding Service Provider Regulation (ECSPR), for issuers to raise up to €5 million across all member states. Investment crowdfunding platforms that aim to sell securities in the European Union must be regulated by the relevant authority… Read More

March 28, 2022 @ 10:42 am By JD Alois  |  

New rules in Europe designed to stymie illicit activity may go too far, according to Coinbase. New Transfer of Funds Regulation “would unleash an entire surveillance regime on exchanges,” explains the crypto exchange. In a blog post, Coinbase states that “bad facts, make bad law,”… Read More

March 14, 2022 @ 11:24 am By JD Alois  |  

David Marcus was previously the head of Facebook / Meta’s (NASDAQ:FB) initiative to create a non-sovereign global digital currency. First branded as Libra, and then as Diem, the digital currency launched with much fanfare but eventually sputtered – largely due to global regulatory pushback that made… Read More

March 2, 2022 @ 3:04 pm By Omar Faridi  |  

US-based digital asset firm Coinbase Global Inc (NASDAQ: COIN) confirmed that it would continue to block accounts and transfers of Russian customers targeted by US and EU-led sanctions. However, the crypto exchange has stopped short of banning all customers from Russia As reported by Reuters,… Read More

February 16, 2022 @ 9:28 am By JD Alois  |  

In a speech delivered to the European Parliament, Christine Lagarde, the President of the European Central Bank (ECB), stated that a decision on a digital Euro will be made by 2024. The ECB decided to launch the investigation phase of the digital euro project in… Read More

February 16, 2022 @ 4:17 am By Omar Faridi  |  

Plum, Europe’s money management app, has appointed Phu Ly to serve as Product VP, as the business gets ready for a year of steady growth following a recent $24 million Series A round. Ly has been responsible for leading product teams at high growth, digital-first… Read More

February 8, 2022 @ 8:49 am By Omar Faridi  |  

The team at Mintos has published the latest edition of Mintos Insight, which is their monthly publication that offers an overview of what’s been going on (on their platform), including commentary from their experts, recent investor activity, educational topics, and other updates. Key insights from… Read More

February 4, 2022 @ 10:08 am By JD Alois  |  

Earlier this week, the European Securities and Markets Authority (ESMA) published an updated Q&A on the pan-European crowdfunding rules. Updated rules, called European Crowdfunding Service Providers Regulation (ECSPR), became actionable last November but questions remain and European member states are still sorting things out. To help… Read More

February 1, 2022 @ 8:03 am By Omar Faridi  |  

The European Banking Authority (EBA) has introduced its central database for anti-money laundering and counter-terrorist financing (AML/CFT). This European reporting System for material CFT/AML weaknesses, EuReCA, will be key to coordinating ongoing efforts by relevant authorities and the EBA to prevent and combat money laundering… Read More

January 31, 2022 @ 11:25 pm By JD Alois  |  

The European Securities and Markets Authority (ESMA) has issued another Q&A about the pan-European securities crowdfunding rules. Updated rules addressing cross-border securities offerings or the European Crowdfunding Service Providers Regulation (ECSPR) went into effect across the entire European Union (EU) last November. But interested platforms must be approved… Read More

January 30, 2022 @ 9:14 pm By Omar Faridi  |  

PeerBerry shareholders have reportedly set deadlines to introduce the crowdfunding platform As noted in an update, the license to operate a crowdfunding business across the European Union has been provided by the Bank of Lithuania, which is considered to be one of the most progressive… Read More

January 27, 2022 @ 10:01 am By Omar Faridi  |  

Amazon (NASDAQ: AMZN) has reportedly decided to backtrack on its initial plans to stop accepting Visa credit cards in the United Kingdom. The digital commerce company had been expected to stop UK consumers from using their Visa-issued credit cards for purchases via its platform, effective… Read More

January 27, 2022 @ 8:35 am By Omar Faridi  |  

Tuum, the next-gen core banking platform, has announced a €15 million Series A round. Portage Ventures is leading Tuum’s investment round, along with contributions from existing investors Blackfin Capital Partners and Karma Ventures. As mentioned in the update, the proceeds should enable the core banking… Read More

January 24, 2022 @ 8:39 am By Omar Faridi  |  

Earlier this month, the team at European lender Mintos had released their extensive Insight Report. Mintos noted that their monthly publication offers an overview of what’s been happening on their platform, including commentary from their team of experts, recent investor activity, educational topics, and other… Read More

January 13, 2022 @ 9:46 am By JD Alois  |  

The European Commission has selected 5 blockchain providers as part of the ongoing European Blockchain Services Infrastructure (EBSI) initiative. The EBSI has been in the works for several years now as the EU aims to leverage blockchain technology to improve or add digital services to benefit the population… Read More

January 7, 2022 @ 1:27 am By Omar Faridi  |  

The team at Mintos, an investment firm that claims to be the leading alternative investment platform in the European Union, says they’ve made “big things” happen at Mintos in 2021, resulting in “a lot of transformative change.” According to Mintos, the loans asset class (for… Read More

January 6, 2022 @ 1:12 am By Omar Faridi  |  

Praxonomy, the “go-to” collaboration platform for boards of pre-IPO, small-cap and mid-cap listed firms as well as regulated private businesses, has raised 91% (£459,930) of its £500,000 target from 235 investors via Crowdcube (at the time of writing) with 9 days left in the firm’s… Read More

December 29, 2021 @ 11:53 am By JD Alois  |  

Wefunder is one of the leading investment crowdfunding platforms in the United States. A FINRA regulated funding portal, Wefunder is frequently the top offering platform when it comes to Reg CF offerings in any given month. In 2021, Wefunder published an “Impact Report” that highlighted… Read More

December 29, 2021 @ 10:18 am By JD Alois  |  

In December 2019, the Autorité des Marchés Financiers in France approved its first initial coin offering (ICO). France had previously pushed forward legislation that sought to regulate ICOs under the French Pact Law (or Loi Pacte). The Loi Pacte introduced an optional visa regime for… Read More