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Crypto platform Meria is now a provider for Babylon

Web3/Crypto
Webp simonin
Owen Simonin, Meria CEO | Meria website

Cryptocurrency platform Meria is now a provider for Babylon. As a provider, Meria users can delegate Bitcoin to earn rewards.

According to a Meria post on X, users can participate by directly delegating their Bitcoin on Staking Rewards through the dedicated page or on Babylon's official interface.

The post further stated that during the first phase, Meria has set the maximum cap at 1000 BTC, with a minimum deposit of 0.005 BTC and a maximum deposit of 0.05 BTC. The company noted that the first phase automatically includes users in the Babylon points program and added that APR will be introduced in the next phase.


Meria announces it's now a provider for Babylon. | Meria X account

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Meria’s X post included a link to a Babylon Labs blog post published in April. The article, titled "Babylon Bitcoin Staking Mainnet Launch: Phase-1," outlines the first-phase details and serves as a tutorial.

Meria is a France-based cryptocurrency assets company started in 2017 by Owen Simonin, according to the firm's website. Today, it boasts more than 100,000 users. "Since 2017, our mission is to make cryptoassets investment accessible to everyone," said Simonin.

Organizations Included in this History
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On November 14, the European Banking Authority (EBA) released comprehensive guidelines for Payment Service Providers (PSPs) and Crypto-Asset Service Providers (CASPs) to ensure alignment with European Union (EU) and national restrictive measures. These guidelines aim to reduce risks and strengthen compliance when transferring funds or crypto assets.

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The UK government is set to introduce new cryptocurrency regulations aimed at countering the growing appeal of the United States as a destination for crypto businesses. In response to concerns of regulatory delays following Brexit, the legislation focuses on establishing a clearer framework for stablecoins and staking activities, with the goal of strengthening the UK’s position as a global hub for digital assets.

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OpenAI, the world’s largest artificial intelligence company, has announced it will establish a new base in Paris.

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On October 30, UK Chancellor Rachel Reeves announced a capital gains tax (CGT) rate increase for high-income individuals, raising it to 24%. This change has raised concerns in the cryptocurrency community, where some investors fear that increased tax and regulatory pressures will diminish the UK's appeal for digital asset investment.

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On November 6, the UK government issued an updated version of the Property (Digital Assets Etc.) Bill, clarifying its approach to defining digital assets, including crypto tokens, as recognized property under English law. The update aims to provide greater security and clarity for individuals and businesses engaging with digital assets.

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Matt Law, Chief Commercial Officer at Outlier Ventures, said that it would not "surprise" him if many people embrace "more efficient," cost-effective systems like tokenization to gain the "same user benefit."

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