Posts in category

Europe


Switzerland’s finance regulator has published new guidelines that indicate it will treat some tokens sold during initial coin offerings as securities. In a press release published today, the Financial Market Supervisory Authority (FINMA) said there has been a sharp rise in the number of ICOs launching in Switzerland, resulting spike in inquiries about the regulations …

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Interpol is seeking suspects on behalf of Austrian authorities who are investigating an alleged bitcoin scam that affected as many as 10,000 investors within the country and abroad, resulting in what could be tens of millions of dollars in losses. According to Bloomberg, the investigation that is underway is focused on a firm called Optioment, which …

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Mario Draghi, president of the European Central Bank, has said it’s not his institution’s job to regulate cryptocurrencies. As part of the ECB’s #AskDraghi video series, the former Italian central banker said he has seen many users on Twitter ask if the ECB would regulate or even ban bitcoin. In response, he said: “It’s not …

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One of Russia’s government ministries has proposed a law that, if approved, would introduce a capital requirement for initial coin offering (ICO) organizers. The proposal, which was released by Russia’s Ministry of Communications and Mass Media last week, seeks to enforce a series of requirements before any ICO activity can be officially accredited within the …

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Officials in Gibraltar are reportedly weighing rules for initial coin offerings (ICOs), a move that follows a bid to develop a licensure framework for companies working with the tech. The discussions will include input from members of the British overseas territory’s legislature as well as the Gibraltar Financial Services Commission (GFSC). Like many other countries …

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European Central Bank (ECB) executive board member Yves Mersch is coming out in support of comments made this week by Agustin Carstens, general manager of the Bank for International Settlements (BIS), in which he laid into bitcoin as a bubble, a Ponzi scheme and a threat to central banks. According to an FT report, Mersch …

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The European Union’s top securities watchdog is has indicated that cryptocurrencies will be one of the agency’s top priorities in 2018. In its latest supervisory work agenda released on Feb. 7, the European Securities and Markets Authority (ESMA) outlined the five primary areas that the agency will focus on in the coming year. One of …

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The European Central Bank (ECB) has moderated its stance on cryptocurrency regulation Wednesday, Feb. 7, describing it as “not exactly very high on its to-do list” in a brief interview with CNBC. The ECB’s Chair of the Supervisory Board Daniele Nouy added that although she had “no clue” whether new regulatory moves on crypto would …

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The European Central Bank (ECB) said that financial institutions in the European Union do not appear to be as enthusiastic about cryptocurrencies as the public. In a European Parliament meeting on Feb. 5, the ECB’s president, Mario Draghi, commented that the central bank is not seeing a “notable holding of cryptocurrencies” among banks in the …

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Brian Fleming is a member of the law firm of Miller & Chevalier in Washington, D.C. With governments around the globe cracking down on all aspects of the cryptocurrency market, it seems like new regulatory risks arise every day. Add U.S. sanctions to that list. On Jan. 19, the U.S. Department of the Treasury’s Office …

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Symptomatic of a broader shift internationally, the crypto landscape in Dublin has changed rapidly, and with an enthusiasm perhaps disproportionate to the city’s scale. Suddenly perforated with meetups, ICO startups, crypto cafes, bitcoin merchandise and trading chatter in pubs, cryptocurrencies have seemingly taken the city by storm – and Reuben Godfrey, co-founder of local incubator …

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ConsenSys, one of the most prominent startups in the ethereum ecosystem, will work with the European Commission on its EU Blockchain Observatory and Forum, which officially launched Thursday. The two-year endeavor will fund up to €340 million ($425 million) in blockchain projects. The Commission first announced the initiative last spring, citing its desire to expand institutional knowledge of blockchain …

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Enel, one of Europe’s largest power utility companies, announced today, Feb. 1, that they would not be selling renewable energy to crypto mining company Envion. In a brief statement to Reuters, the Italy-based company said that they had “no interest whatsoever in selling power” to a mining company: “Enel has undertaken a clear path toward …

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The European Commission announced in a press release today, Feb. 1, the launch of the EU Blockchain Observatory and Forum in a major step aimed at “uniting” the economy around Blockchain. In the most hands-on step to leverage the promise of the technology to date for the EU, the project will bring together various sectors …

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German Financial Supervisory Authority (BaFin) has ordered Crypto.exchange GmbH, a Berlin-based exchange, to immediately stop acting as a financial broker. The order was issued after the exchange advertised on its website, btc-now.de, that it would sell customer’s bitcoins for euros and sell them on a stock exchange, says BaFin in a statement. The company claimed that the …

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A British man who runs a cryptocurrency trading firm was yesterday forced at gunpoint to hand over an unknown quantity of bitcoin. The incident, which reportedly took place in the village of Moulsford in South Oxfordshire, is said to be the first bitcoin heist in the country. It was reported to the local police on …

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The European Central Bank (ECB) says it “expects” cryptocurrency regulation to be high on the agenda at the G20 Summit in Buenos Aires this March. In comments at an event during the ongoing World Economic Forum 2018 in Davos, ECB board member Benoit Coeure added further weight to France’s economy minister Brune Le Maire’s vow …

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Japan-based bitcoin exchange operator bitFlyer has set up shop in Europe, having already expanded to the U.S last year. The exchange announced yesterday that it had received a payment institution (PI) license to operate its services in the European Union and is initially seeking to attract professional, high-volume traders – a sector it sees as underserved …

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One of the three major questions that the President of the European Central Bank will be answering via a series of videos on Feb. 12, 2018 is about cryptocurrencies and Blockchain. Mario Draghi will respond to the selected questions, whether Bitcoin offers a viable alternative to traditional currencies as well as comment on the ECB’s …

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The French minister of the economy, Bruno Le Maire, has announced the creation of a working group to develop cryptocurrency regulations. In a speech Monday, Le Maire said that the working group will be responsible for proposing guidelines and drafting a framework on cryptocurrency regulations with the objective being to prevent the technology’s misuse, French …

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