UniCredit warns Europe faces crypto bank crisis

This week’s special edition of Talking Europe asks whether the EU is ready for the disruption that comes with Artificial Intelligence. It is the most important technological revolution of the century, and is set to impact every aspect of our lives.

A majority of European crypto users are still using unlicensed exchanges weeks before the EU’s MiCA transition period comes to an end, according to an analysis published by OKX Europe. According to an analysis by OKX Europe shared with crypto.news,…

France’s AMF says crypto firms must secure MiCA licenses by June 30 or wind down operations and exit the market.

The post UniCredit warns of EU crypto bank crisis appeared on BitcoinEthereumNews.com. UniCredit director Elena Carletti has warned Europe may struggle to contain a crypto bank crisis under MiCA rules. Summary UniCredit’s Elena Carletti warned Europe lacks tools to backstop crypto-linked deposits the way US regulators did after SVB. MiCA pushes stablecoin issuers closer to banks but EU deposit insurance is capped at €100,000. Carletti cited Circle’s $3.3 billion stuck at SVB in 2023 as the model risk Europe has not solved. UniCredit deputy vice chair Elena Carletti has warned that Europe may struggle to contain a crypto-linked banking shock under MiCA. The Italian bank executive said EU tools are weaker than the US emergency response of 2023. The comments land as MiCA pulls stablecoin issuers closer to traditional lenders. Carletti, who chairs UniCredit’s board risk committee, said at an IESE Business School conference in Madrid that the same systemic-risk exception used to guarantee a

France’s top markets regulator is issuing increasingly direct warnings to crypto firms ahead of a fast-approaching European Union (EU) deadline for licensing, Reuters reported on Thursday.  Under the EU’s Markets in Crypto-Assets (MiCA) framework, crypto rules are tightening across the European Union for the issuance, trading, and custody of digital assets, and the regulator says […]

The AMF's firm deadline for MiCA licensing could lead to market consolidation, impacting competition and investor options in France's crypto sector. The post French Financial Markets Authority sets June 30 deadline for MiCA licensing appeared first on Crypto Briefing.

The European Union's Markets in Crypto Assets regulations first took effect in 2024, but gave crypto service providers time to fully comply with the framework.

Manna's drone delivery expansion into the US signals a major shift in global logistics dynamics. The post Bobby Healy: Manna’s US expansion is driven by favorable regulations, achieving 300,000 deliveries showcases operational readiness, and drone delivery is becoming the consumer default in Europe | TWIST appeared first on Crypto Briefing.