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Web3/Crypto News
BBVA announced it is expanding its cryptocurrency custody and trading services to include USD Coin (USDC). This addition will benefit the bank’s institutional and individual account holders in Switzerland.
The European Crypto Initiative has announced a partnership with Nordicblock, a prominent Web3 network in the Nordic region.
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 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.
Cryptocurrency platform Meria is now a provider for Babylon. As a provider, Meria users can delegate Bitcoin to earn rewards.
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.
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.
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.
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.
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.
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.
Crypto exchange Bybit has decided to stop offering its products and services to French nationals and residents, citing "recent regulatory developments" from French regulators.
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.
European Banking Authority emphasizes application of MiCAR, priorities to supervise ART, EMT issuers
The European Banking Authority (EBA) issued a statement for individuals interested in issuing, offering, or trading asset-referenced tokens (ARTs) and e-money tokens (EMTs), highlighting priorities for the consistent application of markets in crypto assets (MiCAR). The EBA made this statement on July 5.
The European Crypto Initiative (EuCI) celebrated several events during the Ethereum Community Conference (EthCC), including their first Legal Summer School, held from July 7 through July 8, where they covered details of the European Union (EU) legislative process and other blockchain process lessons.
Adan has submitted its response to the Markets in Crypto-Assets Regulation (MiCA) consultation on the detection and prevention of market abuse, investor protection, and operational resilience. The response highlights considerations for promoting a proportionate and effective regulatory framework.
Jean-Charles Galli, the head of international relations at ESCE International Business School, expressed his appreciation for organizations such as Bitcoin4Olympics that are increasing the visibility of merchants accepting cryptocurrency payments at the Paris Olympics. Galli shared his statement in a June 26 post on X.
Sebastien Borget, co-founder and chief operating officer (COO) of the virtual world The Sandbox, stated that the historic district in Paris, Le Marais, is becoming a hub for Web3 companies. Borget shared his statement in a June 27 post on X after receiving a tour of a new Ledger office in that district.
Proof of Talk, a Web3 summit organized by X Ventures, named five top winners of their startup project competition during the grand finale hosted at the Paris Convention.
Circle has announced its membership in Adan, the largest consortium of Web3 companies in France and Europe, which includes over 200 member companies. This partnership aims to bolster Circle's presence and collaboration to align its European operations, emphasizing innovation and regulatory compliance across digital asset markets.