Swiss crypto banks jostle to be the first to go live, and promise to do so as early as in a few months’ time. But even if they may be close to their goal, they still face hurdles and delays remain a distinct possibility. Seba, a Zug-based crypto firm, landed a double coup yesterday. Not...Read More

The Cyprus Securities and Exchange Commission (CySEC) has issued proposals to bring virtual currency and cryptoasset activities under the ambit of the jurisdiction’s anti-money laundering (AML) regime, in line with the provisions of the EU Fifth Anti-Money Laundering Directive (5AMLD). However, CySEC intends to ‘gold-plate’ the directive by extending AML obligations to three activities that...Read More

UK’s financial watchdog is consulting on guidance as it begins the process of defining which cryptoassets it will be responsible for regulating in a market that poses “substantial risks to consumers”. Following pressure from Parliament, the Financial Conduct Authority (FCA) launched a comprehensive consultation on how regulation should be applied to everything from cryptoassets and the exchanges...Read More

The European Securities and Markets Authority (ESMA) has called for the establishment of an EU-wide approach to the regulation of crypto assets and initial coin offerings (ICOs), without which it believes investors are “exposed to substantial risks”. In addition, the pan-European regulator has called for crypto assets and related activity to be brought under the...Read More

Binance, the world’s largest cryptocurrency exchange, has launched a new fiat-to-crypto exchange on the island of Jersey as the company eyes Europe. The platform, Binance Jersey, will let traders invest in cryptocurrencies such as Bitcoin and Ethereum using the euro or the pound. In a press release, Binance highlighted that an expansion into the European...Read More