CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
No Result
View All Result

EU Regulators To Probe Banks-NBFIs Links

January 3, 2024
in Blockchain, Business, News, Regulation
A A
José Manuel Campa

José Manuel Campa

Dalintis FacebookDalintisShare on Twitter

With the crypto industry awaiting Markets in Crypto Assets Regulation (MiCA) and crypto exchanges and companies expanding to the EU region, a new probe by EU regulators may hinder crypto growth in the region. European Banking Authority (EBA) Chair José Manuel Campa said regulators would investigate funding and other links between sectors, bringing crypto in the crosshairs.

EU regulators will heighten scrutiny on links between banks and other financial firms such as hedge funds, private capital firms, and cryptocurrency groups on concerns over potential contagion to banks, reported FT on Jan 3.

“We should be doing more and we are going to be doing more. We need to have an understanding of the whole underlying chain in NBFIs,” said José Manuel Campa, Chair of the European Banking Authority.

Financial Stability Board data shows NBFIs hold almost half of the world’s financial assets worth around $218 trillion. Campa asserts this makes it imperative to probe risks posed by non-bank financial institutions (NBFIs) to banks, with crypto out of regulators’ reach.

Related

Bitcoin Plunge: Could BTC Dip Under $100K?

June 7, 2025

On June 5, Bitcoin (BTC) saw a sharp decline, dropping to $100,000 following the fallout between Elon Musk and Donald...

Shiba Inu Price Climbs 4% Amid Surging Transaction Volumes

June 7, 2025

Shiba Inu (SHIB) is seeing gains on June 7 as weekend volatility gives bulls an advantage. The ongoing rally could...

Pi Network Price Surge: Is a Big Jump Ahead of Pi Day?

June 7, 2025

The Pi Network price has been showing signs of potential growth ahead of Pi Day, which falls on June 28....

Crypto Confidence Soars as Circle Makes Historic Wall Street Entrance

June 6, 2025

Stablecoin issuer Circle Internet made a sensational entrance on the New York Stock Exchange Thursday, with its shares more than...

Solo Bitcoin Miner Successfully Mines Block 899,826, Securing $330K in Rewards

June 5, 2025

A solo Bitcoin miner pulled off an incredible feat by successfully mining block #899,826, earning a reward of approximately $330,386....

News

Reviews

What is Cryptocurrency? A straightforward explanation

May 11, 2025
Blockchain

Looking to invest in Cryptocurrency? Here is a Step-by-Step Approach

May 24, 2025
Coins

Pi Network Under Fire

May 22, 2025
AI

What is llms.txt?

May 27, 2025
Asset 1CryptoNow
Categories
  • AI
  • Blockchain
  • Business
  • Coins
  • Finance
  • Interesting
  • Market
  • Mining
  • News
  • Regulation
  • Reviews
  • Technology
Tags
AI Altcoin Android Binance Binance Coin Bitcoin blockchain BTC Chainlink ChatGPT Circle Coinbase Coindesk CoinGecko crypto Cryptocurrency Crypto exchange DOGE Dogecoin ETF ETH Ethereum Halving Hash rate Meta Mining Mobile news OpenAI pi coin pi network reviews RIOT Ripple Samsung SHIB Shiba Shiba Inu SOL Solana Stablecoin technology Telegram USA XRP
  • Newsletter
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Market
  • Coins
  • News
  • Mining
  • Technology
  • Blockchain

CryptoNow.