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EU Agreement Reached on Anti-money Laundering Rules for Cryptocurrencies


European institutions have reached an interim consensus on a set of EU regulations that will burden crypto companies with the obligation to help prevent money laundering, among other illicit activities potentially involving digital assets. The progress comes as the Union seeks to comprehensively...

Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys


Cryptoys, an NFT-based startup, announced it has raised $23 million in a Series A funding round led by a16z. The company, which seeks to mix NFTs with the world of gaming and virtual toys, will create what it calls a “cryptoyverse,” in which it will also implement play-to-earn...

Crypto Exchanges Backing Away from Sports Spending as Crunch Continues


  Crypto firms are reportedly scaling back their spending on sports-related advertising and sponsorship as winter continues to bite in the markets. Many crypto companies – including Crypto.com and Coinbase – have responded to a sharp drop in crypto prices and trading volumes by announcing they...

Ukraine Joins European Blockchain Partnership as Observer


Ukraine has been granted observer status in the European Blockchain Partnership (EBP). Officials in Kyiv hope the move will facilitate the implementation of blockchain technologies by the Ukrainian government and lead to the adoption of more efficient crypto regulations. Ukraine Advances Toward...

Belgian Banking Group KBC Creates Blockchain-Based Coin


KBC Group, a major European banking and insurance institution headquartered in Belgium, has launched a token based on a blockchain platform. Its customers will be able to acquire the new proprietary coins and use them through their KBC wallet and mobile app. KBC Issues Digital Coin for Clients...

One in Seven Wealthy People Now Owns ‘Digital Assets’ – Survey


  A new report has found that global high-rollers are spending more money than ever on crypto, which has become “an essential part” of rich individuals’ investment portfolios. The claim was made in a wealth management study from Capgemini, a Paris, France-based IT services and consulting company....

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