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Crypto Biz: Kraken denies USDT delisting, crypto custody on the rise, and more

[May 24 3:30 PM] This week’s Crypto Biz explores Kraken’s stablecoin plans in Europe, the departure of Grayscale’s CEO, Prometheum’s Ether custody service that treats ETH as a security, and more.

Crypto Infrastructure Firm Ramp Network Secures Ireland Registration

[May 23 7:00 AM] It plans to make Ireland its European headquarters and secure a license as a Crypto Asset Service Provider.

Kraken Insists It Will Keep USDT Listed in European Markets

[May 20 7:39 PM] Kraken, a U.S.-based cryptocurrency exchange, insists it will keep USDT listed in European markets as long as regulations regarding stablecoins are not finalized. Mark Greenberg, Global Head of Kraken’s Asset Growth and Management Business…

Kraken considers dropping USDT in Europe ahead of new regulations

[May 17 11:11 AM] With new regulations in Europe set to enforce strict limits on transactions and reserve requirements, Kraken is assessing its stablecoins listing.

EU seeks stakeholder opinions on adding crypto to 12T euro investment market

[May 9 4:28 AM] If approved, the EU’s UCITS funds would make way for crypto assets to gain exposure to a 12 trillion euro investment product market.

Here’s How EU Nations Are Preparing to Enforce MiCA

[Apr 29 12:00 AM] With MiCA stablecoin rules taking effect in June, CoinDesk reached out to regulators in all 27 EU member states to show where countries are at with implementation.

EU's MiCA Rules Have Had Little Influence on the European Crypto Market, Regulator Says

[Apr 10 9:22 AM] The rules, which take effect at the end of the year, have yet to spur increased euro-based transactions in crypto markets.

Blockchain Space Continues to Evolve Even During Lean Periods, Says Michael Amar

[Apr 6 5:21 AM] The blockchain and crypto industry has never stood still including during the prolonged lean period known as the crypto winter, asserted Michael Amar, co-founder of the Paris Blockchain Week Summit. Amar believes the resilience shown by market…

Makerdao Co-Founder Rune Christensen: Defi Frontends Might Need Licenses to Operate in Europe

[Apr 5 11:35 PM] Rune Christensen, a co-founder of the Makerdao project, has warned about the possible disruptions linked to hypothetical EU-wide requirements for defi fronteds to receive a license for operating. Christensen said this would decelerate the EU to the…

EU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It's Not

[Apr 4 10:00 PM] Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out.

EU Regulators Publish Batch of Draft Rules for Stablecoins Under MiCA

[Mar 13 6:01 AM] The draft Regulatory Technical Standards (RTS) lay out requirements for issuers when dealing with complaints about stablecoins referencing multiple currencies.

Upcoming High-Level EU Financial Policy Talks Could Steer Crypto Oversight: Source

[Feb 14 1:20 PM] An informal document shared among EU officials shows digital finance, and thereby crypto, topping a list of priorities to be discussed.

The Big Misunderstanding: What MiCA Really Means for Stablecoins in Europe

[Feb 6 12:32 PM] The EU's comprehensive crypto guidance does not introduce entirely new regulations for fiat backed stablecoins, former central banker Jón Egilsson writes. Instead it affirms existing rules that many current issuers are not yet following.

Crypto Winter In Spain? New Taxes Target Digital Assets

[Feb 5 2:00 PM] In a move that could have ripple effects across Europe, Spain is tightening its grip on crypto monitoring and seizing digital assets for tax debts. The Ministry of Finance, led by María Jesús Montero, is spearheading legislative reforms to grant…

Spanish Treasury Proposes Tax Reform to Allow Cryptocurrency Seizures

[Feb 5 1:30 AM] The Spanish Treasury is proposing a tax reform to allow the seizure of cryptocurrency assets when liquidating tax debts. According to local sources, the proposal would also allow the state administration to embargo these digital assets as it is…

Crypto Needs Cohesive Regulation – A Look at Europe’s MiCA

[Jan 24 10:45 AM] From the U.S. to South Asia, jurisdictions are creating a patchwork of crypto regulatory regimes, making international business harder. Europe, with its bloc-wide Markets in Crypto-Assets Regulation (MiCA), is different.

Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules

[Jan 19 3:00 AM] Customer due diligence requirements for crypto firms may be more stringent than for banks, policy watchers told CoinDesk.

EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms

[Jan 16 7:55 AM] The European Banking Authority issued new guidance for crypto firms that will come into effect on Dec. 30, 2024.

Reports Suggest That Binance is Reviewing the Status of Privacy Coins on Its Platform

[Jan 15 4:00 PM] Recent reports from members of the Zcash community indicate that Binance, the largest cryptocurrency exchange, would be preparing to review all privacy coins listed on its platform and possibly delist some. The exchange has been in talks with…

EU Industry Input 'Really Important' to Stablecoin Rulemaking Under MiCA, EBA Officials Say

[Jan 11 4:58 AM] During a Thursday hearing on proposed guidelines for stablecoin issuers, European Banking Authority officials urged stakeholders to engage with regulators to "start on the right footing."

EU Banking Watchdog to Deepen Probe of Links Between Banks, Crypto Entities: FT

[Jan 3 2:57 AM] The European Banking Authority (EBA) will take additional steps to anticipate how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect banks.

Ripple Registered With Central Bank of Ireland

[Dec 22, 2023 11:30 PM] Ripple is now registered as a virtual asset service provider with the Central Bank of Ireland. The company explained that it will “seek to provide services to clients across the European Economic Area once the Markets in Crypto Assets…

Robinhood Broadens Crypto Service to Europe, Notes Region's Digital Asset Regulation

[Dec 7, 2023 10:21 AM] The company said it chose Europe to anchor its crypto expansion outside the U.S. because of the region's comprehensive rules.

FTX collapse, Binance’s US settlement provide strong case for MiCA regulations

[Nov 23, 2023 3:41 AM] European Commission policy officer Ivan Keller highlights high-profile centralized exchange shortcomings as key reasons for the implementation of MiCA regulations in Europe.

The Global Movement to Promote Crypto Tax Transparency — What You Need to Know

[Nov 15, 2023 9:58 AM] In Europe and the U.S., there are a host of initiatives placing new requirements on participants in digital asset markets to report on transactions and meet other new provisions.

EU Banking Watchdog Seeks Feedback on Draft Liquidity, Capital Rules for Stablecoin Issuers

[Nov 8, 2023 7:09 AM] Three consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority has said.

Spain Brings Forward MiCA Crypto Rules by Six Months After EU Pressure

[Oct 31, 2023 4:00 AM] The government hopes the move, potentially affecting the likes of Binance and Coinbase, will bring greater regulatory clarity.

Spain to implement MiCA six months ahead of July 2026 deadline

[Oct 31, 2023 1:58 AM] The country said EU crypto rules will come into force in December 2025, ahead of the general deadline for implementing MiCA for all 27 member states of the EU.

Standard Chartered-Backed Zodia Markets Gains Registration in Ireland

[Oct 27, 2023 4:03 AM] Ireland is emerging as an attractive destination for crypto firms; Coinbase designated the country as its EU hub earlier this month.

Crypto Shareholder Requirements Set Out by EU Banking Regulators

[Oct 20, 2023 8:09 AM] Controls on staff bonuses at crypto exchanges and wallet providers are also planned as the bloc prepares for its landmark crypto law, MiCA.