Key Highlights The European Central Bank officially launched the Pontes system on September 21, enabling EU banks to settle transactions using a digital euro and blockchain technology, with a full digital euro pilot targeted for mid-2027. Axology has deployed a private network built on open-source XRP Ledger code that connects to Pontes, allowing tokenized securities ...
Key Highlights The European Central Bank (ECB) plans to allocate a small portion of its reserves to tokenized securities, establishing direct exposure to blockchain-based financial markets. Transactions will settle via Pontes, a new Eurosystem platform that connects the ECB’s payment infrastructure to blockchain networks using central bank money. ECB Executive Board member Piero Cipollone emphasized ...
Key Highlights ECB President Christine Lagarde personally lobbied Greek Prime Minister Kyriakos Mitsotakis to block Binance’s MiCA license application, overriding Greece’s own finance minister and independent regulator. Binance’s application had cleared all technical reviews and the mandatory 40-day assessment period without objections before political intervention halted the process in mid-June. Binance has withdrawn its Greek ...
Key Highlights ECB President Christine Lagarde personally intervened to halt Binance’s MiCA license approval in Greece, according to a Wall Street Journal report. The intervention was reportedly motivated by concerns that Binance’s stablecoin operations could undermine the ECB’s Digital Euro project, slated for a 2027 pilot and 2029 launch. Binance withdrew its Greek application in ...
Key Highlights Binance confirms it remains committed to securing a MiCA license in Europe despite withdrawing its Greek application in mid-June after the Hellenic Capital Market Commission (HCMC) declined to approve it. Binance’s Head of Europe, Gillian Lynch, states the exchange met all HCMC requirements and had a “complete application” with nothing material outstanding. The ...
Europe’s Capital Shortfall: The €750–800 Billion Investment Gap European Commission President Ursula von der Leyen recently told French business leaders that trillions of euros in household savings held in bank accounts are sitting idle. She argued that Europe needs to put these savings to work for its companies. Her concern reflects a genuine structural issue: ...