Eastern Europe has become the fourth-largest cryptocurrency market in the world, accounting for over 11% of the total cryptocurrency value received worldwide.
Europe news
Europe’s MiCA framework will enforce new bank reserve requirements for stablecoin issuers, raising concerns about systemic risks and stability.
While some industry execs believe that MiCA could trigger a shift from the EU to the UK, others question the UK’s unclear crypto regulations.
The European Union unveiled the Trusted Investors Network at a meeting in Athens, Greece, to attract venture capital to deep-tech sectors like biotechnology and AI.
Despite the record European inflows, Bitcoin price has been unable to recover above the $70,000 psychological level since July.
The European Securities and Markets Authority acknowledged the legal limitations raised by the European Commission but emphasized the importance of the framework’s initial objectives.
While MiCA is seen as a net positive for stablecoin regulation, it introduces consolidation concerns, especially among small crypto firms.
India’s central bank governor has warned of financial risks linked to AI dominance in finance, echoing concerns from global financial authorities.
Georgia’s political opposition wants to use blockchain technology to develop civil society and the country’s business landscape.