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Binu Paul, former head of digital assets at the FCA, leaves the organization after nine months, and Victoria McLoughlin steps in as interim Head of Market Interventions for digital assets. This leadership change occurs amid the FCA’s intense focus on regulating the emerging crypto industry and enforcing stricter advertising rules for crypto services. McLoughlin’s experience at the FCA signals a continued stable approach to cryptoasset regulation.

Crypto.com acquired registration as a virtual asset service provider (VASP) with the Bank of Spain, allowing it to offer products and services to users in Spain. The EU’s new MiCA framework raises both legitimacy and regulation concerns for the crypto industry’s growth and innovation.

Valkyrie Digital Assets updated its filing for the Valkyrie Bitcoin Fund, aiming to provide investors an affordable way to invest in Bitcoin. The fund would reflect the price of CME CF Bitcoin Reference Rate – New York Variant (BRRNY). Valkyrie’s potential success hinges on overcoming regulatory challenges and market sentiment.

The UK’s Financial Conduct Authority (FCA) has updated its crypto register, adding Bitstamp and Interactive Brokers, signaling greater regulatory oversight in the expanding crypto market. This development poses both opportunities and challenges, balancing innovation with adherence to anti-money laundering rules. The outcome of the ongoing finance bill debate will determine the future path of cryptocurrency regulation in the UK.

Amid increased regulatory scrutiny in the US, crypto companies are emphasizing legal hires, investing in compliance teams, and working with law enforcement to address concerns. This comes after recent SEC lawsuits against Binance and Coinbase, prompting a push for better compliance and potentially leading to improved practices and broader technology adoption.

French lawmakers unanimously agreed to impose new regulations on social media influencers promoting cryptocurrencies, potentially making France the first European nation to regulate paid marketing efforts in various industries. This development raises debates on whether regulating influencers helps maintain market integrity and safety or stifles innovation and growth potential in the emerging crypto sector.

France is attracting crypto businesses seeking refuge from regulatory uncertainty in the United States. French regulations provide predictability and stability for crypto companies, with approximately 74 registered firms and potential to increase to 100 ahead of MiCA regulations in 2025.

Silvergate Capital will be delisting from the NYSE and cutting 230 staff members following a 93% decline in share price since 2023. The company faces regulatory inquiries and investigations, while its liquidation process emphasizes the importance of regulations and scrutiny for financial institutions connected to the cryptocurrency market.

The French Senate’s Economics Committee approves a proposal allowing social media influencers to promote registered cryptocurrency companies’ products, contrasting the National Assembly’s previous ban. The amendment aligns with France’s Consumer Code and signals a shift in attitude towards the crypto industry while stirring debate on balancing promotion and consumer protection.