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The Markets in Crypto Assets regulation (MiCA) has been delayed a second time from February to April due to technical issues related to translating the rules into all 24 official languages of the EU.

A short summary published via linkedin by Elizaveta Palaznik, Markets in Crypto-Assets (MiCA) consultant and regulation expert who says that, at this point we all know NFTs and DeFi are not under the scope of MiCA. BUT not only. The subject will be discussed at Banking 4.0 international conference on May 30.

German and US authorities, supported by Europol, have targeted ChipMixer, a cryptocurrency mixer well-known in the cybercriminal underworld. The investigation was also supported by Belgium, Poland and Switzerland.

This bilateral engagement of testing cross-border use case of CBDCs is expected to reduce costs, increase efficiency of cross border transactions and further the economic ties between India and UAE.
The Central Bank of the United Arab Emirates (CBUAE) and the Reserve Bank of India (RBI) signed today a Memorandum of Understanding (MoU) in Abu Dhabi, United Arab Emirates to enhance cooperation and jointly enable innovation in financial products and services.

Worldline, a global leader in payment services, has launched a strategic initiative with Solana, a high-performance blockchain platform designed for decentralised application and Web3 use cases such as gaming.

Crypto exchange Binance is halting sterling deposits and withdrawals after Paysafe, its partner for the service, cut it off. In an email to customers, Binance says it will suspend sterling deposits and withdrawals via card and Faster Payments from 22 May, according to Finextra.

The new study from Juniper Research, foremost experts analysing the fintech & payments market today, found that the value of payments via CBDCs (Central Bank Digital Currencies) will reach $213 billion annually by 2030; up from just $100 million in 2023. This radical growth of over 260,000% reflects the early stage of the sector; currently limited to pilot projects.

Central and commercial banks see “clear potential and value” in Swift’s pioneering CBDC interoperability solution, following successful testing in a sandbox environment. Central bank digital currencies (CBDCs) are clearly gaining momentum. But as central banks around the world continue to explore the potential use of central bank-backed digital money in their local markets, how can we ensure that the evolving global payments landscape can continue to seamlessly interoperate, regardless of the form value takes?

U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened to trigger a broader financial crisis. New York-based Signature Bank, which has a number of crypto clients, was shut down Sunday by state regulators, the Federal Reserve. This marks the third bank collapse in under a week, following Silvergate Bank’s voluntary liquidation and Silicon Valley Bank’s shutdown on Wednesday and Friday last week.

Worldline launches the new shopping mall in Decentraland on March 8th with the first 9 stores, including the German direct bank Consorsbank, The Chedi Andermatt, a Swiss luxury hotel, and Naked Life, a non-alcoholic spirits brand from Australia. This white-label solution is suitable for any company developing a Metaverse strategy and looking for a cost-effective way to get started.