Europe 45 | MachinaTrader.com

UK Investment Industry to Develop Tokenization for Greater Efficiency and Transparency

UK funds have received approval to develop tokenization in order to enhance efficiency, transparency, and competitiveness in the investment management industry. The Investment Association, the representative group for the industry in the UK, has announced this development. The Technology Working Group of the Government’s Asset Management Taskforce, in collaboration with the Financial Conduct Authority (FCA) […]

European Central Bank Provides Details on Digital Euro Plans, Cautions Against High Expectations

The European Central Bank (ECB) is set to provide more details about its plans for a digital euro. However, ECB board member Fabio Panetta has cautioned against having high expectations initially. He emphasized that the digital euro will not be able to meet all expectations from day one. The ECB plans to have a two-year […]

Bittrex Global to Cease Operations Amid Regulatory Uncertainty

Bittrex Global, a cryptocurrency exchange based in Liechtenstein, has announced that it will be shutting down its operations. The decision comes as a result of regulatory uncertainties and is in line with the suspension of Bittrex’s operations in the United States earlier this year. The U.S. Securities and Exchange Commission (SEC) had accused Bittrex Global […]

European Banking Authority Proposes New Anti-Money Laundering Rules for Crypto Providers

The European Banking Authority (EBA) is proposing updated anti-money laundering rules for crypto providers, with a focus on combatting the financing of terrorism. The EBA has identified that current regulations are insufficient and has published a consultation paper seeking feedback from interested parties. The proposed guidelines include merging the criteria for payment service providers and […]

Bitvavo Receives Regulatory Approval to Expand Services to French Users

Netherlands-based cryptocurrency exchange Bitvavo has received regulatory approval from France’s Autorité des Marchés Financiers (AMF) to operate as a digital asset service provider. This allows Bitvavo to extend its services to French users. The approval comes after Bitvavo secured regulatory clearance to offer its services in Austria and expanded into Italy in 2022. CEO Mark […]

Bitvavo Expands Services to France as French Investors Embrace Cryptocurrencies

Netherlands-based cryptocurrency exchange Bitvavo has successfully registered as a digital asset service provider with France’s Autorité des Marchés Financiers (AMF), allowing it to expand its services to French users. This move comes shortly after Bitvavo received regulatory approval to operate in Austria and expanded its offering to Italy. The exchange has also filed registration applications […]

CEO of Robotaxi Firm Cruise Resigns After Accident Involving Pedestrian

German energy company Siemens Energy has announced a record profit of 8.5 billion euros after taxes, nearly double the previous year’s figure. This impressive result is attributed to the absence of setbacks experienced in the previous fiscal year, such as the impact of the Ukraine conflict and a write-down on the former subsidiary Siemens Energy. […]

BBVA Switzerland Partners with Ripple-Owned Metaco to Boost Digital Asset Operations

BBVA Switzerland has formed a strategic alliance with Metaco, a subsidiary of Ripple, to enhance its digital asset operations. The collaboration will leverage Metaco’s Harmonize platform, which offers digital asset custody and orchestration solutions. This partnership will enable BBVA Switzerland to expand its digital asset offerings, including DeFi, tokenization, cryptocurrency custody, and smart contract management. […]

UK Government Proposes Digital Securities Sandbox to Boost Digital Asset Sector

UK Chancellor Jeremy Hunt has proposed a legislative initiative to establish a Digital Securities Sandbox (DSS) in order to support the growth of the digital asset sector. The DSS will serve as a controlled testing environment for crypto technologies and services, allowing for the adoption of digital assets in financial markets. The government plans to […]