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EU

Prasos Secures Payment Institution License From Finnish Watchdog

Finland-based cryptocurrency firm Prasos has secured a payment institution license via the Finnish Financial Supervisory Authority (FFSA). The news comes by way of an official announcement via its crypto exchange website on July 12. According to the announcement, Prasos is now the third crypto firm in Europe to secure a payment institution license. According to its …

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UK Financial Watchdog Grants License to London-Based Crypto Asset Firm

London-based crypto asset management firm Prime Factor Capital has obtained a license from the Financial Conduct Authority (FCA) to operate as a full-scope Alternative Investment Fund Manager (AIFM). The development was announced in a press release on July 1 Being FCA-authorized gives Prime Factor Capital the right to operate as a full-scope AIFM under the …

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EU Banks to Deploy Instant Payments System in Response to Competition From Libra

European Union banks could have an instantaneous payments system in place by 2020, Reuters reports on June 26. Per the report, real-time payments have been possible in the eurozone since 2017, but only about half of the banks in the bloc adhered to the initiative. Still, Reuters notes that adoption may accelerate now that Facebook’s …

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BCH Can Be the Global Coin for Daily Spending, Says Italian Crypto Executive

</header> <strong>Italy has had its share of economic problems in the past decade and a growing number of its citizens blame the euro for their country’s misfortunes. Italians, many of whom still prefer to use cash, are now turning their attention to cryptocurrencies such as <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a>. Federico Pecoraro, the CEO …

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Napster Creator’s Blockchain Firm Helium Releases IoT Hotspots

Napster creator Shawn Fanning’s new company Helium has released its internet of things (IoT) wireless hotspot devices with a blockchain-based incentives program, according to an official blog post by Helium on June 12. According to the post, a Helium Hotspot provides wireless connectivity to the Internet; one node on its own will cover about 1/50 …

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Crypto-Italy: Institutions, Politics, Business and Society

Between May 23 and 26, 2019, the European Union’s citizens are renewing their continental parliament. Among the countries that will participate in the poles is Italy (voting on May 26) — one of the founding members of the EU, alongside France, Germany, Belgium, Netherlands and Luxembourg. Due to the very nature of cryptocurrencies, it’s tough …

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Poland challenges EU’s new copyright law over censorship fears

Sponsored Links Nicolas Economou/NurPhoto via Getty Images The EU’s contentious copyright law is already facing some opposition from one of its existing members. Poland has submitted a complaint to the European Court of Justice arguing that the law’s requirement for filtering content had the potential for censorship. This would violate both the Polish constitution as …

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EU Authorities Shut Down Bitcoin Transaction Mixer

The Dutch Financial Criminal Investigative Service has seized the website of a bitcoin transaction mixer in a crackdown involving Europol and other authorities. Calling it the the “first law enforcement action of its kind against such a cryptocurrency mixer service,” Europol said in a statement Wednesday that the seizure of Bestmixer.io followed an investigation that …

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EU approves cyber-attack sanctions ahead of election

Sponsored Links Bloomberg via Getty Images The European Union has agreed to an automatic set of sanctions to punish any future cyber attackers. Just a week ahead of the EU Parliament elections, officials in Brussels on Friday approved a cyber sanctions regime that would impose asset freezes and travel bans on individuals. While no specific …

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Malta’s Registry of Companies Set to Run on Blockchain-Based System

Malta’s Registry of Companies is going to be run on a blockchain-powered system, local news outlet the Malta Independent reported on May 8. The Registry of Companies is a public registry holding official information and documentation pertaining to new and existing companies. The agency demerged from the Malta Financial Services Authority’s (MFSA) and established itself …

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