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BIT Expands In Europe BIT announced in its blog that it will offer a comprehensive range of crypto-related services to customers within the Europe an Union/ Europe an Economic Area. BIT Crypto Exchange was launched in August 2020 as an affiliate of Matrixport, a leading professional crypto financial services platform. Exchanges like Binance have been failing to gain registration in Europe lately. advertisement As an authorized VASP, BIT now has the regulatory clearance to provide cryptocurrency exchange and cryptocurrency depositary wallet services. Users can leverage the BIT platform to engage in seamless buying, selling, and trading of various cryptocurrencies while facilitating transactions between digital assets and fiat currencies or other cryptocurrencies. “Regulations play a pivotal role in shaping the cryptocurrency market, and it is imperative for exchanges to respond appropriately.” – Lan, Co-founder and COO of BIT. ...

Which age group owns the most crypto? We’ve analyzed the latest studies on cryptocurrency adoption to explore the ownership trends among different generations . Millennial dominance in crypto adoption Millennials seem to have the highest ownership rates among all generations. They are the dominant group of crypto enthusiasts, accounting for 46% of the respondents, the study by Bitget, a crypto derivative and copy trading platform, shows. The company analyzed over 255,000 survey responses from 26 countries between July 2022 and January 2023. They categorized participants into four age groups: baby boomers (born pre-1964), Gen Xers (born 1965-1980), millennials (born 1981-1996), and Gen Z (born post-1997).  Millennials and Gen Z have the highest crypto ownership rates | Source: Bitget The Bitget study also suggests millennials and Gen Z individuals are more favorable towards cryptocurrencies due to their familiarity with the internet and digital technologies. Growing up in ...

Police and financial regulators in several European countries are collaborating with the US Securities and Exchange Commission (SEC) to unravel more information on Binance, sources close to the matter told Protos. The SEC has been soliciting information on Binance’s activities from several European nation-states for some time and a number of them have been spurred into action after the exchange was indicted by the SEC and accused of commingling funds earlier this month. Other Europe an authorities are still in the process of assessing the complexity of Binance ’s case and are yet to comply with the SEC ’s requests for information. Binance’s opaque European network Like FTX, Binance has dozens if not hundreds of companies registered across the world, many of them in Europe. Apart from having a license to serve as a crypto exchange in countries like France and Cyprus, and in Spain through its subsidiary MoonPay, it has or had other companies registered in the...

Prime Minister Daniel Risch of Liechtenstein told local papers that Bitcoin is set to play a growing role in government services payments. Liechtenstein Prime Minister Daniel Risch announced plans to accept Bitcoin (BTC) as a form of payment for government services. As reported in local news, the micro-European nation continues to embrace blockchain technologies.  Risch, who also serves as finance minister is quoted as saying: “A payment option with Bitcoin is coming.” However, he did not give a timeframe. Moreover, the principality is unlikely to accept Bitcoin and “HODL” or hold onto the Satoshis it receives. Instead, it will accept deposits in Bitcoin and immediately exchange them for the Swiss franc, the national currency. The direct exchange into fiat money sidesteps the currency’s volatility. Despite not being an EU member, Liechtenstein is part of the European Economic Area (EEA), where the EU's forthcoming Markets in Crypto Assets (MiCA) regulation could apply. This regula...