If you’ve had a busy week just like the crypto world, here are the top news events that took place all over Europe, which you can’t afford to miss. Bitcoin (BTC) started the week $8217.90, and after a rollercoaster ride, it is currently trading at $8120.93 as the week comes to an end.
Liechtenstein gets a new trading platform
Crypto trading platform Bittrex has announced the launch of Bittrex Global, a new trading platform with its headquarters in Liechtenstein. Bittrex Global will aim at providing services and products like customer reward programs, private token sales under EU laws, and a mobile app for trading cryptocurrencies. It will start operating by the end of October.
Ukraine Government brings cryptocurrencies close to people
Ukraine’s Ministry of Digital Transformation has decided on legalizing Bitcoin and other cryptocurrencies in the country. This move is part of the country’s modernization effects. The public registries and documents will be transferred to a state-run distributed ledger system.
Facebook’s Libra questioned by the European Commission
Margrethe Vestager, the executive vice president of the European Commission, has asked the motives behind Facebook Libra stablecoin and its launch. According to her, the competition is not a primary concern, but the effect on financial stability is a top priority. Many government bodies have expressed their concerns on this matter.
FINMA shows slight support in Libra’s development
While many governments across the globe are against the launch of Facebook’s Libra stablecoin, Swiss Financial Market Supervisory(FINMA) has shown a positive attitude towards the project. FINMA’s CEO, Mark Branson, said that they are not present to impede the development of such projects. Bruno Le Maire, Finance Minister of France, gave a big no for Libra’s development, but FINMA is all ears about the project.
Crypto worth $300,000 auctioned by UK authorities
UK’s Eastern Region Special Operations Unit recently auctioned Bitcoins and cryptocurrencies worth $300,000, which were seized from the Talk Talk hacker, Elliot Gunton. Wilsons Auctions conducted the event where the cryptocurrencies were put up for sale in small batches for people to bid on. Gunton is wanted in the United States as well for his role in an $800,000 cryptocurrency scam.
Russian Customs stop the illegal import of crypto mining equipment
The Federal Customs Service of Russian Federation confiscated crypto mining equipment from which were being smuggled into the country from Mongolia. The 4 mining devices were seized by the authorities when the smuggler failed to produce any legal documents for the equipment.
GBP support added back for Coinbase UK clients
U.S. based crypto exchange Coinbase has added GBP transfers back in the system for its United Kingdom customers. This support is added again with a new deal with London-based Clearbank. Earlier, they were using Barclays support for the GBP transactions.