Amundi Executive Pascal Blanque Calls Cryptocurrencies a Farce

ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’

Best Goal Scorer at Euro Soccer Championship to Get NFT Trophy From Gazprom

Best Goal Scorer at Euro Soccer Championship to Get NFT Trophy From Gazprom

The player with the best goal at Europe’s international soccer championship this summer will be awarded a special prize. European football’s governing body, UEFA, and the tournament’s sponsor, Russia’s Gazprom, are behind the initiative to present the winner with an NFT trophy. UEFA, Gazprom to Award Best Goal Prize at Euro 2020 The unique prize […]

Spanish Regulator Issues Guidelines for Fund Managers Planning to Invest in Cryptocurrencies

The Spanish financial regulator is easing the entity’s tough stance towards cryptocurrencies by announcing an unprecedented measure that green lights institutional investors to enter into such business decisions. The National Securities Market Commission (CNMV) unveiled guidelines that approve institutional crypto investment under certain conditions. Fund Managers Should Specify ‘High Risks’ of Cryptos in Marketing Resources […]

Bosnia and Herzegovina Is Preparing a Draft Bill to Regulate Cryptocurrencies

A European country in the Balkans region could start regulating the crypto environment within its territory. A bill is being drafted in Bosnia and Herzegovina that would establish a regulatory framework for cryptocurrencies for the first time in the country’s history. Bill Aims to ‘Attract Entrepreneurs’ to the Country According to Klix, the Union for […]

Bosnia and Herzegovina Is Preparing a Draft Bill to Regulate Cryptocurrencies

A European country in the Balkans region could start regulating the crypto environment within its territory. A bill is being drafted in Bosnia and Herzegovina that would establish a regulatory framework for cryptocurrencies for the first time in the country’s history. Bill Aims to ‘Attract Entrepreneurs’ to the Country According to Klix, the Union for […]

El Corte Ingles Files for a Crypto-Related Trademark to Provide ‘Financial Services’

El Corte Inglés, the biggest department store group in Spain, seems to be entering into the cryptocurrency sphere. After filing for a related trademark with the Intellectual Property Office of the European Union, they have registered “Bitcorâ€. Trademark Is a ‘Preventive Registration’ According to filing request #018434202, the Spanish group store seeks to offer “Finance […]

Spain to Share Data of Users From Domestic Crypto Businesses With European Union Countries

The Spanish government doesn’t stop imposing its tough stance on cryptocurrencies, as another rule comes to strengthen the existing ones. A royal decree recently enacted aligns current regulations with the European Union’s directives regarding anti-money laundering (AML). Rule Aligns With the European AMLD5 Policies According to the decree published in the state official newsletter, Spanish […]

ECB Deepens Analysis of Digital Euro, Decision Expected by Mid-Year, VP Confirms

Faced with challenges on many fronts, the European Central Bank is now deepening the analysis of how to digitalize its currency. A decision on whether to issue a digital euro, which has the potential to become a major CBDC, is expected around mid-2021, a high-ranking official of the central bank has confirmed. Eurozone’s Central Bank […]

Spanish Healthcare Group to Accept Cryptocurrency Payments, Citing Interest in ‘Bitcoin Revolution’

Cryptocurrency regulation is still an ongoing topic for the Spanish government and regulators, with some not too friendly measures against crypto ads or enhancing tax rules. However, adoption is on the rise in different industries, and the healthcare sector is joining the frenzy. Patients Could Pay With Digital Assets Starting June 1 According to Forbes […]

Two Major Hotels in Touristic Spanish City to Accept Crypto Payments in the Wake of Covid-19 Crisis

Sevilla is becoming a crypto-friendly city in Spain at a fast pace, with two prominent local hotels announcing they will start accepting crypto payments. Hotel Bécquer and Hotel Kivir have joined the crypto adoption bandwagon by allowing customers to book rooms with digital assets. Hotels Will Receive 100% of Funds in Fiat Euros According to […]

Ukrainian Parliament Passes Bill That Criminalizes People Who Don’t Reveal Crypto Holdings

The Ukrainian parliament is enforcing its tough stance against people who don’t disclose their cryptocurrency holdings on the tax fillings. The measure comes in the wake of a recent publication that showed alleged mistakes in declarations from public servants. Offenders Could Spend up to Two Years in Jail According to an official document released by […]

Investors File Class Action Lawsuit Before the National Court of Spain Over an Alleged $298M Crypto Scam

A group of Spaniards filed the first crypto-related class-action lawsuit before the National Court of Spain on an alleged million-dollar scam. The lawsuit targets an individual accused of allegedly scammed over 300 small crypto investors across Spain. Money Stolen Could Amount Up to $3.58 Billion Per El País, the class-action lawsuit claims that an individual […]

Swedish Central Bank Releases the First Study About Its CBDC E-Krona Pilot

The Swedish central bank keeps making steps towards modeling its e-krona pilot project by issuing a detailed report of the results of phase one for the path ahead. Riksbank is still optimistic about launching its central bank digital currency (CBDC), but there are hurdles to clear out on the road. Riksbank to Spend Another Year […]

Spanish Travel Compensation Firm Signs Deal With Domestic Exchange to Reimburse Travelers With Cryptos

Spanish travelers will soon be available to fill out claims for incidents related to airline delays, baggage losses, overbooking, among others, and be compensated with cryptocurrencies. The possibility is now a reality thanks to a partnership between a domestic crypto exchange and an airline platform. Platform Allocated Euros in an Account on the Crypto Exchange […]

Irish Police Investigate Massive Bitcoin Scam That Allegedly Stole Millions From High-Net-Worth Individuals

Irish police are on high alert due to the rising number of cases related to a bitcoin-related scam targeting high-net-worth people in the country. The situation has become worrisome because suspicious high-value transactions have already been noticed by authorities. Authorities Already Searched One Property Tied to One of the Suspects According to The Irish Times, […]

Spain Is ‘Close’ to Regulating Crypto-Related Ads in the Streets, Says CNMV President

Spanish financial authorities don’t seem to be happy with the massive crypto-related advertising campaigns deployed across Madrid’s streets. The National Securities Market Commission (CNMV) is rushing to approve a regulation on such ads that promote bitcoin in Spain. Proposal Comes in the Wake of a Bitcoin Advertising Campaign Ran by a Local Exchange During a […]

Spanish Island Government Decides to Sell Its Bitcoin Investment by Citing ‘Ethical’ Reasons

Bitcoin is not liked by everyone from the Island Council of Tenerife, Spain. At least that’s what was suggested by its president, Pedro Martín, who ordered the sale of the local government’s investment in cryptocurrency. Bitcoin Is an ‘Opaque’ Currency, Martín Says Martín, from the Spanish Socialist Worker’s Party (PSOE), issued the order of dismantling […]

Italian Copyright Agency Selects Algorand to Create Over Four Million NFTs to Represent Author Rights

The non-fungible token fever witnessed over the last few months is catching the copyright management agencies’ attention. One of them, located in Italy, has chosen a blockchain company to create its own NFTs. SIAE Expects to Guarantee Copyright Protection With NFTs for the Next 139 Years According to the announcement, Società Italiana degli Autori ed […]

Domestic and Foreign Buyers Acquired a ‘Tokenized’ Apartment in a Spanish City by Paying With Ethereum

National and foreign buyers acquired a “tokenized†apartment in Spain with ethereum, which involved a domestic crypto exchange and a real estate investment firm. The city of Sevilla was the scenario for the crypto deal between the parties. Transaction Was Worth Over $64,000 According to El Correo Web, the Spanish crypto exchange Criptan and the […]

Belarus President Calls to Increase Regulation on Cryptocurrencies, Citing ‘China’s Experience’

The Belarusian president held a meeting over the week where he mentioned cryptocurrencies within the context of regulating the IT industry. Alexander Lukashenko hinted at tightening the regulatory framework to control crypto usage in Belarus. Lukashenko Seeks to Create a Unified Governmental Regulatory Body According to news agency Belta, Lukashenko met with senior government officials […]

Individual Detained in Romania Under Suspicion of Stealing Thousands of Cryptos From an Unnamed Major Exchange

Romanian authorities pursued an operation that left a person detained for the individual’s alleged involvement in a case of stealing from a cryptocurrency exchange. The investigation revealed that the unnamed trading platform company is located in the Cayman Islands. Over $620,000 Stolen During the Cyberattack According to the prosecutors of the Directorate for the Investigation […]

Spanish Ministry of Economy Proposes to Create a Financial Customer Ombudsman for Crypto-Related Matters

Crypto regulation in Spain remains on the political talks amid the current bull-run seen in the bitcoin prices. Now, the country’s Ministry of the Economy is about to create a new Financial Customer Ombudsman for crypto-related matters. Independent Financial Customer Body Will Abide by the MiCA Ruling Per La Información, Minister Nadia Calviño seeks to […]

German Bank Donner & Reuschel to Offer Crypto Custody Services in Response to a ‘High Market Demand’ in the Country

Cryptocurrency adoption among the traditional banking industry keeps spreading across the board, and it has arrived at a bank based in Hamburg, Germany. Donner & Reuschel is set to make its inception into the crypto business by offering related custody services. Bank Will Also Explore Further Blockchain Projects According to the local magazine Asscompact, the […]

Spanish Real Estate Agency Begins Accepting Bitcoin Payments for Properties in the Canary Islands

Crypto adoption keeps spreading among the real estate industry in Europe, specifically in Spain. Recently, a leading agency in the Canary Islands announced it would start accepting cryptocurrency payments. Firm Praises Bitcoin’s Decentralized Nature According to Digital Sevilla, Piso Barato Inmobiliaria, a Tenerife-based real estate firm, has enabled the feature that allows customers to acquire […]

German Bank Donner & Reuschel to Offer Crypto Custody Services in Response to a ‘High Market Demand’ in the Country

Cryptocurrency adoption among the traditional banking industry keeps spreading across the board, and it has arrived at a bank based in Hamburg, Germany. Donner & Reuschel is set to make its inception into the crypto business by offering related custody services. Bank Will Also Explore Further Blockchain Projects According to the local magazine Asscompact, the […]

Portuguese Authorities Contemplate Launching an Investigation on Local Crypto Social Media Influencers

Portuguese authorities are reportedly planning to take action against social media influencers who provide advice on crypto-related investments. The plans are being discussed in the wake of an online petition signed by thousands of Portuguese. A Crypto Youtuber Already in the Authorities Loop According to Expresso, Portugal’s judicial police, Policía Judiciária, is “analyzing†whether domestic […]

177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Services

A 177-year-old bank in Switzerland has enabled cryptocurrency trading within its services, with expectations to expand. Bordier & Cie SCmA added bitcoin and other cryptos to its list of services by partnering with a well-known domestic crypto player. Bordier Customers Can Also Buy and Hold Other Cryptos According to the announcement, the Swiss bank, founded […]

177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Services

A 177-year-old bank in Switzerland has enabled cryptocurrency trading within its services, with expectations to expand. Bordier & Cie SCmA added bitcoin and other cryptos to its list of services by partnering with a well-known domestic crypto player. Bordier Customers Can Also Buy and Hold Other Cryptos According to the announcement, the Swiss bank, founded […]

Spanish Real Estate Agency Offers an Apartment in Barcelona for Sale in Bitcoin- Taxes Must Be Paid in Fiat

A Spanish real estate platform has listed its first-ever property for sale for cryptocurrency. The offer is entirely online, and whoever wants to buy the apartment in Barcelona must pay in bitcoin. Anyone Interested Can Pay 3.5 BTC for the Property Per an official announcement, Idealista is seeking to sell its first property via BTC […]

Spanish Treasury Secretary Says Cryptocurrencies Carry a ‘Risk of Default’, Repeats Bank of Spain’s Lack of Regulation Rhetoric

The government of Spain continues to harden its stance against widely adopting cryptocurrencies. The Spanish Secretary of State for the Economy recently expressed her concerns on risks that she thinks cryptos possess for the national economy. Secretary Doesn’t Like Bitcoin as It Cannot Be ‘Supervised or Sanctioned’ During the Online Fintech Summit 2021, Ana de […]

Estonia’s Government Still Wants to Implement Stricter Rules for Licensing Crypto Firms

The new administration in Estonia is still planning to pursue an agenda to tighten rules for companies dealing with cryptocurrencies. The Ministry of Finance is looking to strengthen anti-laundering measures within the context of a major money-laundering scandal that involved Danske Bank. Estonia Revoked Over 1,000 Crypto Firms’ Licenses in 2020 Per a report by […]

Spanish Treasury Releases Guidelines to Minimize the Risk of Tax Evasion With Cryptocurrencies

The State Agency for Tax Administration of Spain published guidelines to reduce tax evasion for cryptocurrencies, such as bitcoin. The document is part of the general program of the so-called Annual Tax and Customs Control Plan. Spanish Tax Authorities Could Ask Local Exchanges for Customers Data According to the paper, the Spanish Treasury’s entity seeks […]

Darknet Markets Generated $1.7 Billion in Crypto Revenue in 2020 — Set a New Record

Darknet market revenues hit a new all-time high in 2020, despite declining individual purchases from marketplaces. Blockchain analytics firm Chainalysis also spotted a singular driver behind the new record witnessed over the last year. Hydra Market Is the Major Driver Behind Revenue Figures in 2020 According to the Chainalysis 2021 Crypto Crime Report, darknet markets […]

Swiss Companies Issue First Tokenized Asset for Trading Under New National Blockchain Rules

New legal provisions on distributed ledger technology (DLT) went into effect on Feb. 1 in Switzerland. After the implementation, two local companies announced that they had issued the first tokenized asset under the brand-new law. ‘Fine Wine’ Token Is Available for Sygnum Bank’s Clients Per the announcement, Swiss digital asset bank Sygnum and Fine Wine […]

Crypto Industry’s Favorite Messaging App Telegram Surpasses 500 Million Active Users

Telegram, a popular messaging app within the cryptocurrency space, surpassed 500 million monthly active users during the first week of January, according to Telegram chief executive officer Pavel Durov. In the last 72 hours, said Durov, the app has seen a massive surge in new users, with an additional 25 million people signing up to […]

FiCAS’ Actively Managed Crypto ETP Gets Green Light for European Expansion

Swiss crypto investment manager FiCAS AG says it has received regulatory approval to make its cryptocurrency exchange-traded product (ETP) available across the European market. FiCAS announced Thursday it now has permission to make its 15 FiCAS Active Crypto ETP (BTCA) available to a wider pool of investors outside of the Swiss market. The company launched […]

Bulgarian Electricity Company Unveils Details of Historic Power Theft Linked to Illegal Bitcoin Mining

One of the largest exporters of electricity in Europe has revealed details of the most significant theft they have had in history, linked to a massive illegal bitcoin mining farm in a small Bulgarian village. Bulgarian Electricity Company Uncovers Massive Electricity Theft Linked to Illegal Bitcoin Mining According to Vesti, CEZ Group and police in […]

Rebranded Libra Still a ‘Wolf in Sheep’s Clothing’: German Finance Minister

The Libra Association may have rebranded itself as Diem but that means little to German Finance Minister Olaf Scholz.  According to a Reuters report, Scholz said in a statement that Libra’s rebranding as Diem was merely a cosmetic change.   “A wolf in sheep’s clothing is still a wolf,†he said following a video conference […]

Volatile Bitcoin Not a True Store of Value Just Yet, Says Fidelity Digital Assets Head

Fidelity Digital Assets president Tom Jessop says that bitcoin is not a true store of value just yet because the digital asset is still too volatile, Reuters reported. However, investors are optimistic bitcoin will attain this status. “We use the word ‘potential store of value’ as bitcoin is still extremely volatile, and by any standard […]

Ripple Is Selling 33% of Its Stake in Moneygram

Ripple Labs Inc. is selling 4 million of its shares in Moneygram, or about a third of its total shareholding in the company. The decision seems in part to be motivated by the surging Moneygram share price and Ripple’s desire to cash out after buying the shares at a premium of $4.10 in 2019. At […]

EURST Stablecoin – Reinvention of the European Economy

Over the years, we have been introduced to a digital transformation, which has created and shaped communities around the world. Digital technologies have introduced newly evolved ways of how the world interacts, operates, and most of all, conducts exchanges. In the current economic hardship and the Covid-19 global pandemic, the European Union has had to […]

Wallex: The Rainbow in The European Grey Zone

The evolution of new digital technologies has created a new shift in the value proposition for financial products and services. Digital asset management based on distributed ledger technology has opened the gates to financial institutions and regulators, with the aim of disrupting this new wave. Nevertheless, it has also opened the door for the creation […]