EU

EU Agrees on Capital Requirements for Banks Holding Crypto Assets

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In a move to address the growing influence of cryptocurrencies in the traditional financial sector, EU lawmakers have reached a consensus on the implementation of capital requirements for banks that hold crypto assets. Quick facts: The decision comes as part of a transitional prudential regime aimed at ensuring the stability of the financial system while … Read more

Binance to Withdraw its License Application in Austria

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In the latest blow to Binance, the world’s largest cryptocurrency exchange by trading volume, its European expansion campaign faces increasing hurdles as the company struggles to obtain licenses in a number of countries.  Quick facts: Binance has reportedly withdrawn its application for registration with the Austrian Financial Market Authority (FMA). According to FinanceFWD, a German … Read more