Category: Europe
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A Societe Generale subsidiary in France, the third-largest bank, has been registered as a provider of digital asset services.
The third-largest bank in France’s subsidiary, Societe Generale-Forge, has been registered as a provider of digital asset services with the Autorité des marchés financiers (AMF), the country’s financial markets watchdog. Societe Generale’s Subsidiary Registers as Digital Asset Service Provider The French financial regulator, the Autorité des marchés financiers, has now registered Societe Generale-Forge, Societe…
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Israel detains three people in a crypto scheme to launder millions of dollars stolen from France
Three suspects have been detained by Israeli police for allegedly using cryptocurrency transactions to launder millions of euros taken from the French treasury. Government grants for companies impacted by the Covid-19 pandemic provided the funding. This week, three people were detained in Israel on suspicion of helping criminals who conned the French government with money-laundering…
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The Bank of Spain issues a VASP license to Binance.
One of the biggest cryptocurrency exchanges in the world, Binance, has obtained a license from the Bank of Spain that will allow it to operate in accordance with regional regulations. This certification indicates that the exchange is currently following its AML/KYC procedures as mandated by the nation’s government. By now, more than 17 businesses have…
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In the midst of political and economic uncertainty, Argentina Turns to Stablecoins
Stablecoins are being used by Argentineans to protect their savings against recent uncertainty brought on by the resignation of a number of important government officials. Along with other notables, the country’s minister of economy resigned over the weekend, causing unrest that led to an increase of 11% in the price of stablecoins on some exchanges.…
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For digital asset custody, Citibank selects the Swiss company Metaco
The world’s largest bank, Citibank (C), has chosen the Swiss cryptocurrency custody company Metaco to expand its ability to store digital assets. According to a statement released on Wednesday by the two companies, Citi, which is in charge of roughly $27 trillion in assets, plans to fully integrate Metaco’s “Harmonize” crypto custody platform. A bank…
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Ukraine has become a member of the European Blockchain Partnership as an observer.
The European Blockchain Partnership has granted Ukraine observer status (EBP). Officials in Kyiv hope that the move will make it easier for the Ukrainian government to implement blockchain technologies and lead to the adoption of more efficient crypto regulations. The European Blockchain Partnership (EBP), an initiative to develop an EU strategy on blockchain and build…
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EU is close to an agreement on cryptocurrency regulations.
Authorities in the EU are getting closer to a deal on a legislative package designed to regulate the crypto market and related activities in Europe comprehensively. According to reports in the media, an agreement on key legislation could be reached as soon as this month. Bloomberg reported, citing knowledgeable sources, that representatives of relevant institutions…
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Turkey is drafting a crypto bill that will be submitted to Parliament in the coming weeks, according to a report.
Turkey is said to be working on crypto legislation, which will be presented to parliament in the coming weeks. Some crypto transactions may be subject to taxes under the bill. Bloomberg reported last week that Turkey is drafting a bill to establish new rules for the crypto industry, citing two unnamed Turkish officials familiar with…