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“# Croatia’s largest supermarket chain now accepts crypto ” Konzum, the largest supermarket chain in Croatia, is keeping up with the times by debuting payments in cryptocurrencies like Bitcoin (BTC). The company officially announced on Dec. 1 that it now accepts nine cryptocurrencies for payment in its online store, allowing customers to use crypto to buy…
“# New German government cites crypto in coalition agreement ” The new German government has cited crypto in its coalition agreement, advocating for an equal playing field between traditional finance and “innovative business models.” Three German political parties agreed to a coalition deal this week that will see left-leaning Social Democrats (SDP), the Green Party…
“# European Council approves two digital asset proposals ” The European Union’s planned framework for regulating cryptocurrencies is one step closer to becoming official. On Wednesday, the European Council, which guides the EU’s political agenda, announced its position on the Markets in Crypto Assets (MiCA) framework and the Digital Operational Resilience Act (DORA). Following the…
“# Finnish regulators tighten the screw on virtual currency marketing ” Hot on the heels of the rising cryptocurrency hype, Finnish regulators have dropped a formal notice. On Nov. 24th, the Financial Supervisory Authority (FIN-FSA) stated: “Only registered virtual currency providers can market virtual currencies and related services in Finland. The marketing of virtual currencies…
“# Swedish call to ban crypto mining ‘completely misinformed,’ says fund manager ” A Swedish financial watchdog’s call for a European Union-wide ban on proof-of-work (PoW) crypto mining, mainly known as the method of minting new Bitcoin (BTC), has received backlash from crypto-related fund managers. Melanion Capital, a Paris-based alternative investment firm known for its…
“# EU central banks work on DLT-based asset settlement ” European central banks ramp up their efforts to utilize distributed ledger technology (DLT), the foundation of blockchain, in central bank money settlements. Banca d’Italia and Deutsche Bundesbank, central banks of Italy and Germany, respectively, joined forces to work on settlements in central bank money of…
“#It’s weak by week for old Joe Biden: Goodwin” Another week, another series of fumbling, mumbling and disasters. How low can Joe Biden go? Once again, the common theme was weakness. At home and abroad, he is shrinking the presidency before our eyes. The diminished commander in chief visited his party members in Congress Thursday and…
“# Bitpanda taps former JP Morgan exec to lead fully-regulated crypto exchange ” The crypto ecosystem picked yet another executive from traditional finance. Two months after raising $263 million, the Europe-based cryptocurrency trading platform Bitpanda announced that Joshua Barraclough, a former exec at JP Morgan, joined its ranks as the CEO of its fully-regulated digital…
“# European Central Bank announces digital euro advisory group members ” The European Central Bank (ECB) has announced the formation of a market advisory group for the purpose of exploring the infrastructural and circulation potential of the digital euro from the perspective of industry spearheads. The group also aims to uncover the digital euros optimal…
“# Valour Uniswap exchange-traded product to increase UNI exposure ” Valour, a Zurich-based exchange-traded products (ETP) issuer, announced the launch of a fully-backed investment product to increase exposure to Uniswap decentralized exchange’s native token, UNI. The UNI token serves as the underlying asset within the Valour Uniswap ETP offering available as a fully-backed passive investment…