The European Commission estimates that new taxes on digital services, online gambling, and crypto assets could provide the EU budget with almost €11 billion in additional annual revenue. This was reported by Euronews, citing a document sent to EU member states.

Exchanges

Coinbase, the largest cryptocurrency exchange in the United States, has launched regulated futures trading for European institutional investors.

The introduction of the digital euro could cost European banks between €4 billion and €6 billion ($4.7–7.1 billion) over four years. This was stated by Piero Cipollone, a member of the Governing Council of the European Central Bank, as reported by Reuters. According to him, this amount is equivalent to approximately 3% of banks’ annual IT maintenance expenses.

The license will allow OKX to provide payment services across the European Union, including cash deposits and withdrawals from accounts, as well as executing transactions necessary for maintaining those accounts. This includes payments using bank cards and transfers of funds between users and payment services.

Cassie Craddock, Ripple’s Director of Business Development for the UK and Europe, explained that thanks to the license, the Ripple Payments service and other Ripple blockchain-based corporate solutions will be able to be legally used throughout the European Union.

Amina Bank CEO Franz Bergmueller announced that the new license will allow the bank to provide staking and custody services, crypto-to-fiat and crypto-to-crypto exchanges, and portfolio management to European Union residents.