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News from August 2024
The European Crypto Initiative (EUCI) has announced the launch of the inaugural Future Web3 Experts Summer School of Law. This program offers a comprehensive examination of Web3, focusing on digital trust and ownership facilitated by blockchain technology.
Crypto exchange Bybit has decided to stop offering its products and services to French nationals and residents, citing "recent regulatory developments" from French regulators.
France’s Association for the Development of Digital Assets (Adan) announced a new partnership with B3 Village by CA Vierzon to support "financial innovation" in France and throughout Europe. Adan shared its statement in a July 26 post on X.
ByBit announced that it will no longer offer services to French users due to changes in regulations. The company made the announcement online on August 1.
Ledger, a Paris-based digital asset company, reported increased buying and trading activity due to recent market volatility. The company shared its statement in an August 6 post on X.
David Princay, the president of Binance France, stated that Binance has recovered more than $73 million in "stolen user funds" so far this year. Princay shared his statement in an August 8 post on X.
Multis announced its acquisition by Safe, a smart contract wallet infrastructure provider. The focus will now be on enhancing the scalability of Safe's products beyond Ethereum, aiming to increase user adoption and further decentralization.
Vishal Sacheendran, the head of regional markets at Binance, stated that expanding regulation to other areas of blockchain technology beyond digital assets could benefit a range of industries. Sacheendran shared his statement in an August 13 post on Binance’s website.
Meria, a financial services company based in Metz, announced that users can stake Ether (ETH), the second-largest cryptocurrency after Bitcoin in terms of market capitalization, through their platform. Meria shared its statement in a July 30 post on X.
Kiln announced that Claire Wells has been appointed as the new chief legal officer, overseeing the company’s legal, compliance, and policy teams globally. Claire Wells joins Kiln from Coinbase, where she served as associate general counsel and policy lead.
Binance France President David Princay stated that over the last two years, the company resolved 381,616 appeals, resulting in recoveries and refunds for its users. Princay shared his statement in an August 9 post on X.
Circle announced that EURC, its euro-backed stablecoin, is now available on the Base mainnet for developers and users. Circle Mint and its APIs support financial institutions in minting and redeeming EURC on Base, enabling global commerce with trust and compliance.
Circle announced that three of its top financial leaders have proposed a risk-based capital framework tailored to the unique risks of stable value tokens. Their study, titled "Risk-based Capital for Stable Value Tokens," outlines how this framework can enhance the safety and stability of tokenized finance.
French President Emmanuel Macron stated that the United Nations' (UN) commitment to an initiative titled "Decade of Action of Cryosphere Sciences" will support efforts to combat climate change in the cryosphere. Macron shared his statement in an August 13 post on X.
The European Crypto Initiative (ECI) announced that its policy expert Vyara Savova contributed to an analysis of the new stablecoin guidelines published by FINMA, the Swiss Financial Market Supervisory Authority. The analysis compares these guidelines to the European Union’s (EU) stablecoin regulations from the Markets in Crypto-Assets (MiCA) legislation. ECI shared its statement in an August 16 post on X.
Cryptocurrency platform Meria is now a provider for Babylon. As a provider, Meria users can delegate Bitcoin to earn rewards.
Ledger has announced its next-generation devices, Ledger Stax and Ledger Flex, featuring secure touchscreens. Ledger Stax provides a premium option, while Ledger Flex offers comparable features at a more accessible price.
The Autorité des Marchés Financiers (AMF) announced that it continues to receive numerous complaints from retail investors about fraudulent automated trading offers related to Forex and crypto-assets, particularly through "clone" websites. The AMF urges investors to exercise extreme caution regarding Immediate Connect's deceptive investment offers.
Binance has shared on its blog a story of how cryptocurrency, through Binance Pay, contributed to saving a life by bypassing delays inherent in traditional banks.
The European Crypto Initiative has announced a partnership with Nordicblock, a prominent Web3 network in the Nordic region.