US-EU Forum Calls For Greater Co-Operation In Crypto

The US-EU Joint Financial Regulatory Forum in Brussels has stressed the urgency for creating a unified global crypto framework and cybersecurity network. The forum was developed with the aim of promoting coordinated global cooperation on crypto.

The forum discussed many cryptocurrency regulations, such as Stablecoin oversight, and the development of central bank digital currencies (CBDCs). The EU delegation apprised the US officials on the rollout of the Markets in Crypto-Assets (MiCA) Regulation, highlighting its role in creating a more structured digital asset ecosystem. Elsewhere, the US outlined key domestic initiatives in the crypto space, which included priorities of digital asset policy and the activities of the US Securities and Exchange Commission’s (SEC's) Crypto Task Force. 

The two sides reiterated the need for greater regulatory coordination to ensure financial stability and consumer protection.

Cake Wallet Integrates dEURO Stablecoin

Cake Wallet has integrated dEURO, a decentralised and euro-pegged Stablecoin. This integrated platform will allow users to access euro-denominated digital assets. 

The dEURO Stablecoin operates on a model where the collateral is put in a more than the borrowed value. It will require users to deposit cryptocurrencies like Bitcoin, Ethereum, or Monero in excess of their intended value.

According to Cointelegraph, this approach will reduce the risk of the Stablecoin losing its peg to the euro. Automated liquidation mechanisms are built into the new protocol to preserve price stability. Users can earn a 10 per cent yield on their collateral, which will be funded by stability fees charged to users minting the stablecoin. It will further be pooled into a reserve fund. 

The new set-up incentivises participation and may enhance user asset liquidity without requiring them to sell their crypto holdings. 

Binance To Discontinue Crypto Card Services By December 2025

Binance will discontinue crypto card services in the European Economic Area (EEA) starting December 20, 2025, as part of a strategy to streamline operations. Users holding Binance Cards in the EEA will no longer be able to use them for transactions or services beyond the specified cutoff date. 

Binance has assured its customers that this change will not affect their regular accounts. It will also not impact any ability to trade, deposit, or withdraw cryptocurrencies on the platform. 

Binance has advised its cardholders to make alternative payment arrangements and redeem the card balances before the issued deadline.