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Dutch Approval for Crypto.com, Tokenized Assets in Spain, Worldcoin Scrutiny, Stellar, Ripple & Solana AUM Spike, and more
1. Crypto.com Gets Green Light in The Netherlands
Crypto.com has been approved by De Nederlandsche Bank (DNB) to offer its services in the Netherlands. This registration follows a comprehensive review of Crypto.com’s operations and its compliance with Anti-Money Laundering and counter financing of terrorism requirements in the country. Other registered firms include Coinbase Europe, eToro, and Bitstamp. Read More
2. Securitize Initiates Tokenized Assets Issuance in Spain
Securitize, a digital asset trading platform, has commenced the tokenization of equity in the Spanish real estate investment trust Mancipi Partners. The firm is set to pioneer the first tokenized equity issuance under the EU's pilot regime for distributed ledger technology. The company will undergo a six-month supervision period under Spain’s National Securities Market Commission, awaiting regulatory approval for its operations across the EU. Read More
3. French Regulator Probes Worldcoin for ‘Questionable’ Practices
Worldcoin, a crypto project founded by OpenAI’s Sam Altman, is under investigation by French data protection regulator CNI for "questionable" practices. Worldcoin's practice of scanning retinas for crypto rewards has sparked concerns about data collection and preservation. The investigation is backed by Bavarian privacy regulators, with the British Information Commissioner’s Office also expressing concerns. Read More
4. Stellar, Ripple, and Solana-Based Investment Funds Experience AUM Spike in July
Assets under management (AUM) for investment funds associated with Stellar's XLM, Ripple's XRP, and Solana’s SOL saw a surge in July. A large portion of the AUM boost occurred after a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts. Read More
5. France: An Emerging European Crypto Hub
With the introduction of the Markets in Crypto Assets (MiCA) regulation, France is fostering a more cohesive environment for the crypto industry. Expected to be fully implemented by the end of 2024, MiCA is set to position the EU, and France in particular, as a core hub for the evolving Web3 movement. Read More
That's all for this week's updates! We look forward to bringing you more next week.
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