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Tag Archives: European Union

Europol Arrests 15 in Massive Cryptocurrency Scam Crackdown: $1 Million Seized

On November 13, the European Union Agency for Law Enforcement Cooperation (Europol) announced that it had successfully cracked down on a criminal network engaged in online scams through call centers. The network was spread all around Europe. According to Europol, the operation was carried out on January 11, 2023, following an investigation that began in June 2022 at the request of the German authorities. In conjunction with the national authorities of the other countries,...

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Binance Secures Regulatory Approval in Sweden

The Swedish Financial Supervisory Authority registered the world’s largest cryptocurrency exchange – Binance – as a financial institution for management and trading in virtual currency in the Scandinavian country. This is the seventh EU nation where the platform has received such a license, with the previous six being Italy, France, Spain, Poland, Cyprus, and Lithuania. Binance announced that its Swedish subsidiary – Binance Nordics AB – obtained registration from the...

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Russia’s Former President Predicts a Monetary Crash and a Global Shift to Crypto

Dmitry Medvedev – a Russian politician who served as President of the country between 2008 and 2012 – thinks 2023 could see the crash of the International Monetary Fund (IMF) and the World Bank. He suggested that such an event could reduce the power of the euro and the dollar and boost the usage of cryptocurrencies. Tron’s Founder – Justin Sun – agreed with Medvedev’s “insightful comment.” He also maintained that crypto adoption is gradually rising in China and that “the best...

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EU Chief Fires Another Warning Shot at Elon Musk Over Twitter’s Content Moderation

New Twitter boss Elon Musk continues to spark controversies, from firing most of the company’s employees to dabbling with key features and restoring banned accounts. Now, the billionaire is up against regulators in the European Union (EU). Musk has, time and again, said that his mission at Twitter is to maximize free speech. He appears to be looking for new solutions to very old problems by changing almost everything that goes on behind the scenes. This has put the EU...

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Ripple to Expand its European Presence by Obtaining a License in Ireland

The enterprise blockchain provider Ripple wants to strengthen its presence in the European Union by seeking to secure a virtual asset service provider (VASP) license from Ireland’s central bank. Ripple’s General Counsel Stuart Alderoty and CEO Brad Garlinghouse also gave their two cents on FTX’s fiasco, arguing that global regulators should impose comprehensive rules on the sector to prevent future adverse events. Focusing on Europe In a recent interview for CNBC, Alderoty...

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Terra’s Do Kwon is in Europe, Plans to Meet With Authorities Soon (Report)

The notorious Co-Founder of Terraform Labs – Do Kwon – is said to be in Europe. He vowed to organize a conference soon and lift the curtain on his mysterious location. The South Korean, who is a primary target for Interpool, even invited law enforcement agents to participate in the event. Terra’s colossal crash in May caused multi-million investor losses and infused panic in the entire crypto space. Logically, numerous affected individuals and South Korean regulators turned...

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Change of Heart: Kraken Closes Accounts for all Russian Users

The US-based cryptocurrency exchange – Kraken – joined the list of platforms restricting services to Russian consumers. The decision comes as a result of the latest sanctions that the European Union (EU) imposed on the largest country by landmass for its invasion of Ukraine. Other trading venues that have already ended ties with Russian users include BlockchainCom, CryptoCom, and more. Russia’s military campaign in Ukraine, which started in February, caused the Western world...

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BlockchainCom Imposes Restrictions on Russia-Based Users: Report

After CryptoCom, the crypto service platform – BlockchainCom – has announced plans to restrict Russia-based users. In an email to its users, the company notified that it will block the accounts of Russians. The move comes after the European Union’s (EU) eighth package of sanctions against Russia. According to the news agency RBC’s latest report, Russian users have until October 27th to withdraw funds, following which the accounts will be blocked. The crypto wallet said in a...

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EU Greenlights MiCA: Major Turning Point For Europe’s Crypto Landscape and Bitcoin KYC

The Markets in Crypto-Assets (MiCA) regulation passed in the European Council on October 5th. The development is a significant step toward bringing a consistent legislative landscape to the continent that has been, so far, fragmented. The text of the laws was signed off by the representatives of the bloc’s member governments in the EU’s Council. The policies are expected to go into effect in 2024. Creating a Consistent Regulatory Framework in the EU MiCA will eliminate the...

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