Europe needs ‘Airbus for the metaverse’ to become global Web4 leader

April 28, 2024 Coin Telegraph

Analysts from the London School of Economics and Political Science say a pan-European industrial cluster is necessary for the EU to compete in Web4.

LSE Consulting, a firm anchored within the London School of Economics and Political Science (LSE), recently released a report detailing a potential path towards European dominance in the emerging Web 4.0 sector.

According to the team, the formation of an Airbus-style industrial conglomerate dedicated to fostering innovation and growth in the metaverse is the EU’s best bet to compete with the U.S., China, and other global sector leaders, and potentially exploit Europe’s current technological and economic potential.

Airbus is a multinational conglomerate that was formed when a trio of French, German, and Spanish aerospace companies merged in 2000. Since 2019, it’s been the world’s leading manufacturer of both airliners and helicopters.

Crypto VC deals top .1B in February as DeFi interest surges — The TIE

Crypto VC deals top $1.1B in February as DeFi interest surges — The TIE

EU DeFi regulations set to welcome big banks, challenge crypto natives

April 26, 2024 Coin Telegraph

Coin Telegraph

New rules under the MiCA framework may encourage big banks to enter the DeFi space, potentially complicating compliance for native crypto projects.

Inoming rules for decentralized finance protocols in Europe could raise significant barriers to crypto-native projects while encouraging licensed traditional financial institutions to get on board, predicts Marina Markezic, executive director of the European Crypto Initiative.

During an interview with Cointelegraph, Markezic discussed the European Commission’s upcoming DeFi report, which is due Dec. 30, 2024. The report is under the Markets in Crypto-Assets (MiCA) framework and will examine the feasibility of specific regulations for the DeFi ecosystem.

“We think that this regulation will facilitate those [traditional] players to come into this crypto space. We know that some banks are already thinking of issuing stablecoins,” Markezic said in response to the expected impacts of a DeFi regulatory framework, adding that:

Crypto VC deals top $1.1B in February as DeFi interest surges — The TIE

EU touts health benefits for children in the metaverse despite risks

April 26, 2024 Coin Telegraph

Augmented Reality

The European Union’s in-house think tanks says the metaverse can help children heal from diseases.

The European Parliamentary Research Service (EPRS), a government think tank for the European Union, recently published a letter discussing the opportunities and challenges for children in the metaverse.

According to the post’s author, EPRS policy analyst Maria Niestadt, the metaverse can “boost children’s creativity and motivation to learn and even help them heal from diseases” and enable cultural and social experiences they may not otherwise be able to experience.

However, there are numerous challenges that the EU must face, according to the EPRS, including protecting children from adverse mental and physical outcomes related to the use of virtual, augmented, and/or mixed reality headsets as well as security and privacy issues.

Crypto VC deals top $1.1B in February as DeFi interest surges — The TIE

European Parliament approves ban on anonymous crypto transactions

March 25, 2024 The Crypto Briefing

The European Parliament has a approved a proposed ban on anonymous crypto transactions executed through self-hosted wallets.

Crypto VC deals top $1.1B in February as DeFi interest surges — The TIE

New Restrictions on Anonymous Crypto and Cash Transactions Approved by EU Officials

March 24, 2024 The Daily Hodl

anti-money laundering

European Union (EU) officials are greenlighting new restrictions on anonymous transactions that involve crypto assets and cash. Reporting on the social media platform X, Patrick Breyer, a German member of the EU Parliament, says that EU officials are banning cash payments over €10,000 ($10,862), anonymous cash payments over €3,000 ($3,258), and crypto payments to hosted […]

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Crypto VC deals top $1.1B in February as DeFi interest surges — The TIE

EU Anti-Money Laundering Laws Ban Provision of Services for Anonymous Cryptocurrency Accounts

March 24, 2024 Bitcoin.com

anonymous crypto asset accounts

A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for the “prevention of the use of the financial system for the purposes of money laundering or terrorist financing” alleges these assets present “risks of misuse […]

Crypto VC deals top $1.1B in February as DeFi interest surges — The TIE

EU To Investigate Links Between Banks and Non-Bank Entities, Including Crypto Firms: Report

January 4, 2024 The Daily Hodl

Banks

Regulators in the European Union will reportedly probe into the connection between banks and non-bank financial institutions (NBFIs) amid concerns that stress in the so-called shadow banks may cascade into the wider financial system. According to a new report from Financial Times, European Banking Authority (EBA) chair José Manuel Campa says that regulators will ramp […]

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Crypto VC deals top $1.1B in February as DeFi interest surges — The TIE

USDC Issuer Circle Secures ‘Conditional’ Registration To Operate in France After Coinbase Receives Green Light

December 22, 2023 The Daily Hodl

Blockchain

Financial markets regulators in France just granted USDC stablecoin issuer Circle a conditional registration as a Digital Asset Service Provider (DASP). The French Financial Markets Authority (AMF) requires DASPs to register to operate as a crypto trading platform or to provide services related to digital asset custody, buying and selling of cryptocurrencies in a legal […]

The post USDC Issuer Circle Secures ‘Conditional’ Registration To Operate in France After Coinbase Receives Green Light appeared first on The Daily Hodl.

Crypto VC deals top $1.1B in February as DeFi interest surges — The TIE

EU Commission targets X over ‘dissemination of illegal content’

December 18, 2023 Coin Telegraph

Coin Telegraph

X owner Elon Musk told advertisers to “go f--- yourself” on Nov. 29 after many left the social media platform in response to antisemitic content and a report on hate speech.

The European Commission said it had opened formal proceedings to investigate X — formerly Twitter — over content related to the terrorist group Hamas’ attacks against Israel.

In a Dec. 18 notice, the commission said it planned to assess whether X violated the Digital Services Act for its response to misinformation and illegal content on the platform. According to the government body, X was under investigation for the effectiveness of its Community Notes — comments added to specific tweets aimed at providing context — as well as policies “mitigating risks to civic discourse and electoral processes.”

“The opening of formal proceedings empowers the Commission to take further enforcement steps, such as interim measures, and non-compliance decisions,” said the notice. “The Commission is also empowered to accept any commitment made by X to remedy on the matters subject to the proceeding.”

Crypto VC deals top $1.1B in February as DeFi interest surges — The TIE

CZ must stay, Do Kwon to be extradited: Law Decoded

December 11, 2023 Coin Telegraph

Binance

A Seattle district court ruled out CZ’s departure to the UAE, and the Montenegrin justice minister plans to grant the United States request for Do Kwon’s extradition.

Binance founder Changpeng “CZ” Zhao has been ordered to stay in the United States until his sentencing in February 2024, with a federal judge determining there’s too much of a flight risk if the former exchange CEO is allowed to return to the United Arab Emirates. Seattle district court Judge Richard Jones wrote in his order:

“The defendant has enormous wealth and property abroad, and no ties to the United States [...] His family resides in the UAE and it appears that he has favored status in the UAE. Under these circumstances, the Court finds that the defendant has not established by clear and convincing evidence that he is not likely to flee if he returns to the UAE.”

Jones accepted Zhao’s guilty plea to one count of Bank Secrecy Act violations, which the Binance founder submitted over two weeks ago on Nov. 21 alongside a $4.3 billion settlement with U.S. agencies. Now, the ex-CEO of Binance faces up to 18 months in prison.

European Union

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