Europe | ForkLog

ForkLog 15 17.01.2025

Binance to tighten crypto deposit and withdrawal procedures in Poland

The crypto exchange Binance warned users in Poland about changes to cryptocurrency deposit and withdrawal procedures. According to the notice, from 20 January clients must provide their full name, country, and the name of the exchange (if applicable) for the following operations: for deposits over €1000 — the sender’s details; for withdrawals of any amount […]

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ForkLog 11 09.01.2025

FTX disputes Backpack Exchange’s claim to have bought FTX EU

FTX’s liquidators called Backpack’s statements about an alleged acquisition of FTX EU and the reimbursement of former customers “misleading”. The FTX Debtors today provided clarification on certain statements by Backpack relating to Backpack’s purported acquisition of FTX EU. Read more here: https://t.co/WVwfNXBKRj — FTX (@FTX_Official) January 8, 2025 FTX said the company, founded by former […]

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ForkLog 241 31.12.2024

Coinbase’s Advantage and Traders’ Revenue Decline Amid Potential USDT Ban in the EU

Cryptocurrency exchanges registered in the EU are gradually phasing out the stablecoin USDT as the MiCA regulation comes into effect, given that its issuer, Tether, has yet to obtain the necessary license. Experts consulted by ForkLog suggest that Coinbase could emerge as the primary beneficiary of this market shift. Its partner company, Circle, already holds […]

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ForkLog 17 31.12.2024

USDT Market Capitalisation Declines Amid MiCA Implementation

On December 30, the EU’s MiCA regulation for digital assets came into effect. The market capitalisation of the leading stablecoin USDT declined from over $141 billion in mid-month to approximately $137.5 billion. The new rules impose stringent requirements on stablecoin issuers, including licensing, reserve standards, and liquidity norms. Agne Linge from WeFi commented to The […]

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ForkLog 10 30.12.2024

Tether CEO Criticizes MiCA as a ‘Gift to Banks’

The current draft of the MiCA law in the EU is described as a “massive gift” to the traditional banking system, according to Paolo Diomede from The Graph. MiCA is nothing but a massive gift to the traditional banking system. Forcing stablecoin issuers to hold >30% of their liquidity in banks only ensures more profits […]

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ForkLog 17 30.12.2024

Former Finance Minister Advocates for Cryptocurrency Reserves in Germany and Europe

ECB and Germany’s Federal Bank should consider incorporating crypto assets into their reserves, following the example of the United States. This view was expressed by former Finance Minister and chairman of the FDP, Christian Lindner. “The new [Donald] Trump administration is pursuing an extremely progressive policy regarding crypto assets such as Bitcoin. […] But Germany […]

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ForkLog 36 27.12.2024

USDT’s Legal Status Under MiCA Remains Uncertain

The lack of clear guidance from officials leaves the future of the USDT stablecoin in the EU ambiguous following the full implementation of the MiCA legislation. This was stated by Juan Ignacio Ibañez, a member of the MiCA Crypto Alliance’s technical committee, in an interview with Cointelegraph. “No regulator has explicitly stated that USDT does […]

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ForkLog 13 27.12.2024

Europe’s tech renaissance: how Solidus AI Tech is advancing AI and blockchain in the EU

According to a Goldman Sachs study, global investment in AI will reach $200bn by 2025. The bank’s analysts expect most of that to go into hardware for training LLM and software. This article looks at Solidus AI Tech, which is building an eco-friendly data centre in the European Union for AI and blockchain projects. What […]

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ForkLog 99 25.12.2024

Floki Inu to Launch ETP in Europe

The developers of the meme coin Floki Inu are preparing to launch an ETP for European investors in the first quarter of 2025. The team disclosed this to CoinDesk on December 25. “We have been working with a respected asset manager and ETP issuer on launching the Floki ETP for quite some time, and after […]

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ForkLog 18 25.12.2024

Where is it Cheaper to Invest? Cryptocurrency Taxation in the US, EU, and UK

As the crypto industry evolves, governments have been compelled to develop specific tax legislation. We examine the current state of affairs in major jurisdictions. United States In the US, cryptocurrencies are taxed similarly to traditional securities. The specific rate depends on how the assets were acquired and how long they are held. Profits from investments […]

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ForkLog 280 22.12.2024

HEX Founder Richard Heart Placed on Interpol’s Most Wanted List

Interpol has issued a “red notice” on behalf of Finland for Richard James Schueler, the founder of HEX, PulseChain, and PulseX, better known in the cryptocurrency industry as Richard Heart. Source: Interpol. He is wanted for deliberate tax evasion and assault. According to the Europol website, Heart is listed among the EU’s most wanted criminals. […]

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ForkLog 16 20.12.2024

German Regulator Orders World to Delete User Data

The Bavarian Data Protection Authority (BayLDA) has ordered World (formerly Worldcoin) to delete users’ personal data and implement a procedure allowing users to do so themselves. BayLDA has been examining the project’s operations since late 2022 due to risks to the personal information of EU citizens. According to officials, World has been “constantly working to […]

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