DeFi News Daily Official TheBitTimes.com

The European Union (EU) is quickly accelerating its digital euro plans following the signing of the GENIUS Act, which introduced a number of crypto regulatory changes in the U.S.  Most notably, the act established the first comprehensive framework for the $288 billion U.S. stablecoin market, requiring issuers to maintain full liquid-asset reserves, secure licenses, and comply with strict disclosure rules. These changes have sparked concerns worldwide that dollar-backed stablecoins could gain further footing, threatening the euro’s role in cross-border payments in the process. EU officials are accelerating digital euro plans after the US passed its Genius Act stablecoin law, which raised concerns over the euro’s competitiveness. Sources say the ECB is now considering public blockchains like Ethereum $ETH or Solana $SSK. — Wall St Engine (@wallstengine) August 22, 2025 Digital euro on Ethereum and Solana? The European Central Bank (ECB) first propo...

Jacob Asset Management got approval from the Guernsey financial regulator in October 2021 and was set to debut on Euronext Amsterdam Exchange in July 2022. Europe’s first spot Bitcoin (BTC) exchange-traded fund (ETF) is set to debut later this year after a long delay . The Bitcoin ETF by Jacobi Asset Management — a London-based multi-asset investment platform — was set to debut on the Euronext Amsterdam exchange in July 2022.  However, unprecedented market conditions caused by the collapse of the Terra ecosystem in May 2022, as well as the FTX collapse in November, forced the asset manager to postpone the listing. The Jacobi Bitcoin ETF received approval from the Guernsey Financial Services Commission (GFSC) to launch its Bitcoin ETF in October 2021. The asset manager told the Financial Times that it has decided to launch the ETF now because it has seen a gradual shift in demand compared with 2022. The asset manager told Cointelegraph that it is still assessing the launch and will s...