Europe | ForkLog

ForkLog 8 24.06.2024

EU Bans Transactions with Crypto Firms Supporting Russian Military-Industrial Complex

The European Union, as part of its 14th package of sanctions against Russia, has prohibited transactions with banks and cryptocurrency services from third countries that facilitate dealings with the Russian defense industry. In a press release, the EU Council explains that the restrictions apply to any transactions with Russia concerning dual-use goods and technologies, sensitive […]

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ForkLog 17 24.06.2024

Apple Delays Launch of Apple Intelligence in the EU

Apple will not release its AI product, Apple Intelligence, in the European Union in 2024 due to “regulatory uncertainty,” reports CNBC. In addition to Apple Intelligence, EU users will not have access to iPhone Mirroring and SharePlay. The company believes that “the compatibility requirements of the DMA could compromise product integrity, posing a threat to […]

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ForkLog 15 18.06.2024

Regulatory Era: EU to Exclude Stablecoins, South Korea Targets Altcoins

The cryptocurrency exchange Uphold will delist USDT and five other stablecoins for Europeans under MiCA. The South Korean regulator has mandated a review of 600 altcoins listed on licensed trading platforms in the country. Starting July 1, the cryptocurrency exchange Uphold will cease support for stablecoins USDT, DAI, FRAX, GUSD, USDP, and TUSD for users […]

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ForkLog 6 17.06.2024

Meta Delays European Chatbot Launch Amid Regulatory Concerns

Meta Corporation has postponed the launch of its Meta AI chatbot in Europe following a directive from the Irish Data Protection Commission to halt plans for training large language models (LLM) using publicly available content. On June 10, Facebook’s parent company announced the commencement of LLM Llama training using content shared by European users on […]

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ForkLog 31 06.06.2024

Robinhood to Acquire Bitstamp for $200 Million by Mid-2025

The management of online broker Robinhood has agreed to acquire Bitstamp, the oldest European cryptocurrency exchange, for $200 million in cash, according to Reuters. The transaction is expected to close in the first half of 2025, pending regulatory approval. This initiative aims to expand Robinhood’s presence in the digital asset market. The acquisition of Bitstamp, […]

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ForkLog 12 05.06.2024

Lugh Halts Stablecoin Issuance Ahead of MiCA Implementation

The European firm Lugh has announced the cessation of its stablecoin EURL issuance in anticipation of the MiCA regulation coming into effect. ? Annonce : MiCA : Lugh suspend son activité d’émission de stablecoin pic.twitter.com/RdXzJHBzY5 — Lugh (@LughStablecoin) June 4, 2024 The issuer has guaranteed the redemption of existing coins until August 30, 2024. Reimbursement […]

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ForkLog 19 03.06.2024

Binance to Restrict Access to Certain Stablecoins in the EU

Cryptocurrency exchange Binance has alerted users to upcoming restrictions due to new stablecoin regulations coming into effect within the European Economic Area (EEA). Under upcoming MiCA rules some stablecoins will face restrictions as unauthorized stablecoins. Binance won’t delist any unauthorized stablecoins on spot but will limit their availability for EEA users only on certain products, […]

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ForkLog 21 29.05.2024

Mastercard Launches Pilot for Cryptocurrency P2P Transfer Service

Payment giant Mastercard announced the pilot launch of its Crypto Credential service for cryptocurrency transfers between users. Before conducting a transaction, each client will receive a readable identifier similar to ENS domains. Participants will not need to provide cumbersome cryptocurrency wallet addresses, and Mastercard guarantees the verification of each user. “Crypto Credential notifies which assets […]

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ForkLog 19 28.05.2024

EU Regulator Identifies MEV as Market Abuse

The European Securities and Markets Authority (ESMA) regards MEV as a clear example of market abuse under MiCA regulations. MEV is treated as clear example of illegal market abuse by EU draft standards specifying MiCA rules. ESMA (the EU Securities & Markets Authority) has recently published its third consultation package outlining its proposed technical standards […]

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ForkLog 29 20.05.2024

EU Threatens Microsoft with Fine Over AI Data in Bing

The European Commission has demanded that Microsoft provide information regarding the use of generative AI in Bing, warning of a potential fine if the corporation fails to comply. We compel Microsoft to provide information under the Digital Services Act on generative AI risks on Bing. Bing may pose risks linked to generative AI, such as […]

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ForkLog 17 18.05.2024

Kraken Evaluates Potential Delisting of USDT in the EU

The cryptocurrency exchange Kraken is “actively reviewing” the status of the stablecoin USDT in light of new EU regulatory rules, reports Bloomberg. “We have contingency plans for all scenarios, including situations where listing specific tokens like USDT is simply not prudent. We are actively reviewing this matter and will make firm decisions once the position […]

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ForkLog 7 09.05.2024

EU Regulator Considers Inclusion of Crypto Assets in €12 Trillion UCITS Funds

The European Securities and Markets Authority (ESMA) has sought input from stakeholders on the feasibility of incorporating digital assets into UCITS funds. According to a 2023 report by the EFAMA, the total volume of this sector has reached €12 trillion. During discussions, which will continue until August 7, ESMA hopes to assess the potential risks […]

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