Alerts Sign-up
The European Parliament, an arm of the European Union (EU), has declared a provisional agreement with the European Council to strengthen anti-money laundering (AML) measures. The agreement must be formally adopted by both the European Parliament and the European Council before it can take effect.
France's financial regulatory body, the Autorité des Marchés Financiers (AMF), has granted Coinbase a Virtual Asset Services Provider (VASP) license. The license will enable Coinbase to offer digital asset-related services to both retail and institutional users in France.
Ledger's Global Head of Policy Hertlein: 'crypto’s relative lack of use in crime is a success story'
Seth Hertlein, the Global Head of Policy at Ledger, a Paris-based digital asset wallet provider, has countered the widespread public belief that cryptocurrency is a common tool for criminals. According to Hertlein, illicit activity is more prevalent in the traditional financial system. His comments were featured in the Cap Hill Crypto newsletter's January 5 edition.
The annual Paris Blockchain Week, a conference dedicated to exploring developments in Web3 and blockchain technology, has announced that Richard Teng, the newly appointed CEO of Binance, will be one of the key speakers at this year's event. The 2024 edition of Paris Blockchain Week is slated to take place from April 8-12 at the Carrousel du Louvre in Paris.
.webp)
Binance, the world's largest cryptocurrency exchange by trading volume, has announced the addition of a Monitoring Tag to ten tokens. This move indicates that these tokens may face potential delisting due to their volatility and risk. Binance had previously delisted several of these tokens in France last year in compliance with local regulations.
The Crypto Council for Innovation (CCI), a global organization advocating for digital assets through research and education, released the results of a national survey among crypto voters. The findings suggest that cryptocurrency can serve as an alternative to individuals who have limited access to traditional financial services. The survey was conducted in December 2023, with its results being released on January 3.
Fiat Reporter Jan 4, 2024
Allan Endresz, the founder of digital currency Zucoins, has voiced his criticism against a former U.S. Securities and Exchange Commission (SEC) regulator's statements on platform X. The regulator had implied that the compliance violations admitted to by crypto exchange Binance and its ex-CEO were unique to the cryptocurrency industry. In retort, Endresz highlighted that traditional banks have often been used as conduits for illicit activities such as money laundering.
Binance, the world's largest cryptocurrency exchange, recently announced the successful completion of a System and Organization Controls (SOC) 2 compliance audit. The audit was conducted over several months by A-LIGN, a third-party assessor.
Data from DefiLlama, a decentralized finance data aggregator, reveals that Binance, the world's largest cryptocurrency exchange, saw inflows totaling approximately $1.5 billion in the week ending on Dec. 8. During this period, Binance's visible on-chain assets amounted to $74 billion, surpassing the combined total of the next thirty largest crypto exchanges.
The U.S. Department of the Treasury announced that this week it co-hosted the EU–U.S. Joint Financial Regulatory Forum. While the forum provided participants with the opportunity to engage in financial regulatory dialogue on topics of mutual interest, it emphasized areas of ongoing EU and U.S. cooperation.
Fiat Reporter Dec 8, 2023
.webp)
Richard Teng, the newly appointed CEO of Binance, expressed his belief that the cryptocurrency industry will face increased regulation in the future. Teng made these remarks during an X Spaces event on Dec. 1. He perceives this trend as a positive development for the industry. A summary of Teng's discussion was shared by Binance, the world's largest crypto exchange, in a blog post dated Dec. 4.
A new report from the Bank of Canada evaluates Canadians' perspectives on a potential digital version of the Canadian dollar. The feedback provided by Canadians and other stakeholders indicates a greater number of concerns than excitement about the idea.
Fiat Reporter Dec 2, 2023
Omid Malekan, an author and adjunct professor at Columbia Business School, said that rather than harming consumers like the failed crypto exchange FTX, Binance expanded financial inclusion to underserved communities. Malekan said in a Nov. 22 post on X that Binance was more successful than many traditional financial institutions in expanding financial services to include underprivileged people.
.webp)
Richard Teng, the new CEO of Binance, the largest cryptocurrency exchange in the world, published his first blog post on the company’s website since stepping into his new role. In the Nov. 27 post, Teng emphasized the importance of developing global regulations for the crypto industry. This move comes as part of his commitment to ensuring consumer protection and promoting innovation in the crypto space.
The Léonard de Vinci Centre has opened its new Institute of Crypto-Assets, which will support research related to blockchain technology and digital assets. The institute opened on Nov. 8 with a scientific board of eleven experts.
European Central Bank President Christine Lagarde on Friday, November 17 proposed the creation of a European equivalent to the U.S. Securities and Exchange Commission to advance the European Capital Markets Union (CMU). In a speech at the European Banking Congress, she urged a shift in Europe's financial strategy to address the continent's upcoming economic challenges.
Fiat Reporter Nov 17, 2023
A survey conducted by France's Autorité des marchés financiers (AMF) found that more French people have invested in cryptocurrency that have invested in stocks or exchange-traded funds (ETFs). The survey results reflect the support the digital asset industry has received in France from government agencies and venture capitalists.
Chris Larsen, the co-founder and executive chairman of crypto exchange Ripple, has highlighted the negative impact of regulatory uncertainty on the digital asset industry. Larsen stated that this uncertainty has led to the migration of many innovators and thousands of jobs out of the United States and into other countries.
Binance, the largest cryptocurrency exchange in the world, has announced new partnerships with fiat providers to expand its Euro services. This move will allow Binance users in Europe to conveniently convert their fiat holdings to crypto and vice versa.
Fiat Reporter Oct 25, 2023
In an opinion piece for CoinDesk, Ken Timsit, managing director of blockchain company Cronos Labs, wrote that French President Emmanuel Macron’s efforts to make his country a leader in Web3 are paying off, with major companies including Circle, Crypto.com, and Binance, the largest crypto exchange in the world, selecting Paris as their European headquarters. France has hosted industry-leading events such as NFT Paris, Paris Blockchain Week, and EthCC, while Macron has also implemented policies like tax cuts for crypto profits.
Fiat Reporter Sep 29, 2023