EU


Finance

Miners Take Off for The Great – and More Profitable – North

Bitcoin mining in most of Europe is now “impossible” as energy costs soar but miners are increasingly seeking refuge in the northern reaches of Norway and Sweden.

Kryptovault's CEO Kjetil Pettersen and the mine's technician overlooking several hundred mining rigs working. (Eliza Gkrits/CoinDesk)

Policy

EU Set to Ban Russian Crypto Payments After ‘Sham’ Referenda

Russians could be restricted from making any payments to EU crypto wallets following the imposition of limits in April.

The EU Commission, Parliament and Council are due to begin negotiations on the MiCA framework. (Daniel Day/Getty Images)

Policy

Industry Offers Cautious Welcome to EU’s Landmark Crypto Law MiCA

A near final leaked text is fuzzy on NFTs and could strangle the stablecoin market, some worry, but the overall reception to the bill appears to be positive.

A leaked draft of Europe's landmark Markets in Crypto Assets bill is being received warmly by the crypto community, despite a few concerns. (Frederic Köberl/Unsplash)

Policy

Blockchain Securities Trading Doesn’t Need More Rule Changes, EU Agency Says

Incumbents and newcomers are lining up to take part in a distributed ledger pilot from March, ESMA said

Europe's markets regulator ESMA said distributed ledger-based securities don't need new laws for oversight. (Guillaume Périgois/Unsplash)

Policy

Estonia Grants First Crypto License to LastBit's Striga

The crypto banking company is first to jump over new anti-money laundering hurdles which significantly toughen Estonia's legal regime.

Estonia toughened crypto laws earlier this year. (Getty Images)

Policy

EU Project to Fight Fakes Succeeds by Being Open, Founder Says

A publicly backed blockchain project to stop counterfeit goods from entering the European Union is trying to avoid mistakes of the past, its founder told CoinDesk.

The EU thinks blockchain could help customs officers spot fake goods (Kevork Djansezian/Getty Images)

Policy

EU Finalizes Legal Text for Landmark Crypto Regulations Under MiCA

A leaked draft of the text, reviewed by CoinDesk, shows the rules could apply to algorithmic stablecoins and fractionalized NFTs.

The EU flag (Håkan Dahlström/Getty Images)

Policy

Digital Euro Must Be Green, Private and Possibly Capped, National Officials Say

A leaked paper written by France, Germany and Italy, seen by CoinDesk, seeks to guide the European Central Bank’s plans for the digital currency

(Maarten Wouters/Getty Images)

Policy

Google’s $4B Fine May Threaten Web3 Protocols, Legal Expert Says

A court judgment ostensibly about anti-competitive restrictions by a Web2 giant may also send a warning to open-source developers, CoinDesk was told

The EU's General Court ruled against Google on Wednesday. (Spyros Arsenis/EyeEm/Getty Images)

Policy

Binance CEO Zhao Says EU's Proposed Crypto Rules Are Fantastic But Strict

Speaking at Binance Blockchain Week Paris, Changpeng Zhao also said the French city is probably "the financial hub for crypto" in Europe and a larger part of the world.

Binance founder and CEO Changpeng Zhao speaking at Binance Blockchain Week Paris 2022 (Amitoj Singh/CoinDesk)