EU Sets Regulations for Cryptocurrency Banks

EU Sets Regulations for Cryptocurrency Banks


In today’s headlines, a federal judge rejected FTX founder Sam Bankman-Fried’s motion to dismiss criminal charges against him, stating that he did not have standing to dismiss many of the charges. The European Union has reached a political deal on new bank-capital legislation, including for cryptoassets, which will be voted on by the EU council and lawmakers to become legislation. Binance has decided not to delist privacy tokens in Europe, contrary to expectations. In the cryptocurrency market, BTC/USD rose 1.2% in the last session, with the Williams indicator signaling an overbought market. ETH/USD surged 1.7% in the last session, supported by a positive signal from the ROC indicator. XRP/USD gained 0.7% in the last session, with the CCI indicator showing a positive signal. LTC/USD increased by 1.0% in the last session, although the CCI indicator gave a negative signal. In terms of the economic calendar, the US MBA Mortgage Applications, US EIA Crude Oil Stocks Change, Germany’s Gfk Consumer Confidence Survey, Spain’s Retail Sales, Japan’s Large Retailer Sales, and Japan’s Retail Trade are scheduled to be released at various times.

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