European Economic Area news and trends

EU Banks Have ‘Serious Concerns’ About UK Transaction Fee Cap
Regulation // August 14, 2024

European banks reportedly have issues with the U.K.’s plan to cap international digital transaction fees. A pair of trade organizations — the European Banking Federation and Payments Europe — say the proposal by the British Treasury was “potentially discriminatory” and a “risk to the integrity of national payments and...

Binance Discontinues Visa Debit Card Services in Europe
Cryptocurrency // October 20, 2023

Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will no longer offer its Binance card services in the European Economic Area (EEA). This decision means that holders of the Binance Visa debit card issued under the EEA program can no longer...

Microsoft to Unbundle Teams From Office in EU to Address Antitrust Concerns
Regulation // August 31, 2023

Microsoft has announced plans to unbundle its Teams software from its Office suite in Europe in response to concerns raised in an antitrust investigation by the European Union (EU), The Wall Street Journal reported on Thursday (Aug. 31). The move will see the software giant offering business...

Quick Reads
Tether Adapts as Coinbase Prepares to Delist Non-MiCA-Compliant Coins

October 06, 2024
Coinbase is preparing to delist stablecoins that don’t adhere to European regulations by year’s end. The move, as reported Friday (Oct. 4) by Bloomberg News, comes as the European Union’s Markets in Crypto-Assets Regulation (MiCA) is introducing tougher oversight of cryptocurrency companies. “Given our commitment to compliance, we intend to restrict the provision of services […]

EU Banks Have ‘Serious Concerns’ About UK Transaction Fee Cap

August 14, 2024
European banks reportedly have issues with the U.K.’s plan to cap international digital transaction fees. A pair of trade organizations — the European Banking Federation and Payments Europe — say the proposal by the...

Binance Discontinues Visa Debit Card Services in Europe

October 20, 2023
Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will no longer offer its Binance card services in the European Economic Area (EEA). This decision means that...

Microsoft to Unbundle Teams From Office in EU to Address Antitrust Concerns

August 31, 2023
Microsoft has announced plans to unbundle its Teams software from its Office suite in Europe in response to concerns raised in an antitrust investigation by the European Union (EU), The Wall...