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Bitcoin adoption in EU limited by ‘fragmented’ regulations — Analysts

Institutional adoption of Bitcoin in the European Union remains sluggish, even as the United States moves forward with landmark cryptocurrency regulations that seek to establish BTC as a national reserve asset.

More than three weeks after President Donald Trump’s March 7 executive order outlined plans to use cryptocurrency seized in criminal cases to create a federal Bitcoin (BTC) reserve, European companies have largely remained silent on the issue.

The stagnation may stem from Europe’s complex regulatory regime, according to Elisenda Fabrega, general counsel at Brickken, a European real-world asset (RWA) tokenization platform.

“European corporate adoption remains limited,” Fabrega told Cointelegraph, adding:

“This hesitation reflects a deeper structural divide, rooted in regulation, institutional signaling and market maturity. Europe has yet to take a definitive stance on Bitcoin as a reserve asset.”

Bitcoin’s economic model favors early adopters, which may pressure more investment firms to consider gaining exposure to BTC. The asset has outperformed most major global assets since Trump’s election despite a recent correction.

Bitcoin adoption in EU limited by ‘fragmented’ regulations — Analysts

Asset performance since Trump’s election victory. Source: Thomas Fahrer

Despite Trump’s executive order, only a small number of European companies have publicly disclosed Bitcoin holdings or crypto services. These include French banking giant BNP Paribas, Swiss firm 21Shares AG, VanEck Europe, Malta-based Jacobi Asset Management and Austrian fintech firm Bitpanda.

A recent Bitpanda survey suggests that European financial institutions may be underestimating crypto investor demand by as much as 30%.

Related: Friday’s US inflation report may catalyze a Bitcoin April rally

Europe’s “fragmented” regulatory landscape lacks clarity

The EU’s slower adoption appears tied to its patchwork of regulations and more conservative investment mandates, analysts at Bitfinex told Cointelegraph. “Europe’s institutional landscape is more fragmented, with regulatory hurdles and conservative investment mandates limiting Bitcoin allocations.”

“Additionally, European pension funds and large asset managers have been slower to adopt Bitcoin exposure due to unclear guidelines and risk aversion,” they added.

Related: Bitcoin ‘more likely’ to hit $110K before $76.5K — Arthur Hayes

Beyond the fragmented regulations, European retail investor appetite and retail participation are generally lower than in the US, according to Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo.

Europe is “generally more conservative in adopting new financial instruments,” the analyst told Cointelegraph, adding:

“This stands in stark contrast to the deep, liquid, and relatively unified US capital market, where the spot Bitcoin ETF rollout was buoyed by strong retail demand and a clear regulatory green light.”

Bitcoin adoption in EU limited by ‘fragmented’ regulations — Analysts

iShares Bitcoin ETP listings. Source: BlackRock

BlackRock, the world’s largest asset manager, launched a Bitcoin exchange-traded product (ETP) in Europe on March 25, a development that may boost institutional confidence among European investors.

Magazine: Bitcoiner sex trap extortion? BTS firm’s blockchain disaster: Asia Express

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Starmer failed to take decisive step to smash the gangs at leaders summit – as small boat crossings exceed 2024

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Starmer failed to take decisive step to smash the gangs at leaders summit - as small boat crossings exceed 2024

There were some wins for the UK at the Western Balkans Summit at Lancaster House in central London today.

The UK unveiled a fresh list of sanctions – and believes it has made some headway convincing the EU to follow suit by placing restrictions on the likes of Kosovo passport forgers.

British participants also claimed to be pleased that Serbia and Montenegro were added to a joint migration taskforce and said UK and EU law enforcement would work even more closely.

But was it a moment where Sir Keir Starmer could convincingly claim to have taken a decisive step towards smashing the gangs, which was one of the goals he claimed he had for the summit this afternoon? Absolutely not.

While presented domestically as a means to tackle illegal immigration, in fact, the Western Balkans Summit was not primarily about migration, and I understood the talks focused on many other areas, including growth opportunities and EU enlargement.

Indeed, I was told that return hubs were not even on the prime minister’s agenda.

The leaders posed for a 'family photo'. Pic: PA
Image:
The leaders posed for a ‘family photo’. Pic: PA

Perhaps unsurprisingly, western Balkan leaders did not want to talk about that and the summit was not designed in the first place to focus on that agenda, regardless of how it was presented to the domestic media.

More on Migrant Crossings

The backdrop for the summit couldn’t have been more tricky. The number of immigrants who crossed the Channel exceeded the number in 2024 on Wednesday.

Read more:
Man deported under ‘one in, one out’ returns to UK

PM backs call for MP probe into Prince Andrew’s housing

Meanwhile, the first of the 46 migrants returned to France made their way back over the Channel, claiming France is an unsafe country.

There was finger pointing from British officials about why the French police had not done more to detain and deter this man from returning.

And the truth is, migrants who leave the UK are returning – because in many cases we are giving them the cash to do so.

That aside, there is also a nervousness that the French one-in, one-out deal may collapse entirely in a matter of weeks.

Only 42 individuals have been removed from the UK to date but the EU has to authorise this plan for the long-term and it is far from clear that it will survive.

To have secured the long term future of that deal at an international summit would be a big success. Today’s were on a much smaller scale.

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PM backs call for MP investigation into Prince Andrew’s housing arrangement

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PM backs call for MP investigation into Prince Andrew's housing arrangement

Sir Keir Starmer has backed a call for a Commons investigation into Prince Andrew’s housing arrangement.

The King’s brother is still living in the Royal Lodge, a 30-room Windsor mansion owned by the Crown Estate, despite relinquishing his Duke of York title last week.

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It has emerged he only pays a “peppercorn rent” on the property – a legal term used in leases to show that rent technically exists, so the lease is valid, but it’s nominal – often £1 a year or even nothing at all.

Liberal Democrat leader Sir Ed Davey has called for a select committee inquiry into the Crown Estate, in which Prince Andrew would be called to give evidence.

Speaking in Prime Minister’s Questions, Sir Ed said: “Given the revelations about Royal Lodge, does the prime minister agree that this House needs to properly scrutinise the Crown Estate to ensure taxpayers’ interests are protected.

“The chancellor herself has said that the current arrangements are wrong.

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“So will the prime minister support a select committee inquiry, so all those involved can be called for evidence, including the current occupant?”

Responding, Prime Minister Sir Keir Starmer said: “It’s important in relation to all Crown properties that there is proper scrutiny, and I certainly support that.”

A document from the Crown Estate, which oversees the Royal Family’s land and property holdings, shows Andrew signed a 75-year lease on the Royal Lodge in 2003.

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Prince Andrew faces renewed scrutiny over his royal title and taxpayer-funded residence at Royal Lodge.

It reveals he paid £1m for the lease and that since then he has paid “one peppercorn” of rent “if demanded” per year.

Andrew was also required to pay a further £7.5m for refurbishments completed in 2005, according to a report by the National Audit Office.

The agreement also contains a clause that states the Crown Estate would have to pay Andrew around £558,000 if he gave up the lease.

The royal is under pressure to do just that amid continued scrutiny over his relationship with paedophile financier Jeffrey Epstein.

There has also been fresh focus on his sex accuser Virginia Giuffre’s allegations, which Andrew denies, after the publication of her posthumous memoirs.

Senior Tory Robert Jenrick said it was “about time Prince Andrew took himself off to live in private” as “the public are sick of him”.

Asked about his living arrangement on Tuesday, Chancellor Rachel Reeves told the BBC: “I do think people should pay their way and pay their fair share.”

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‘Man deported under ‘one in, one out’ scheme returns to UK in small boat

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'Man deported under 'one in, one out' scheme returns to UK in small boat

A migrant who was deported back to France under the government’s flagship “one in, one out” scheme has returned to the UK on a small boat.

The Iranian national was initially detained when he entered the UK on a small boat on 6 August. He was removed under the government’s deal with France on 19 September, and he returned on 18 October.

He has been detained once again, and Sky News understands that the government is set to expedite his removal back to France.

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The news comes as Sky News learns that more migrants have crossed the Channel on a small boat in 2025 so far than the entirety of 2024.

The “one in, one out” treaty with France allows the UK to return anyone who arrives in the UK on a small boat back to France, in exchange for France sending to the UK the same number of people who have never previously tried to enter illegally.

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What is the UK-France migrant returns deal?

The man told The Guardian newspaper that he had been a victim of modern slavery at the hands of people smugglers in northern France.

More on France

“If I had felt that France was safe for me I would never have returned to the UK,” he claimed.

“When we were returned to France we were taken to a shelter in Paris. I didn’t dare to go out because I was afraid for my life. The smugglers are very dangerous. They always carry weapons and knives. I fell into the trap of a human trafficking network in the forests of France before I crossed to the UK from France the first time.

“They took me like a worthless object, forced me to work, abused me, and threatened me with a gun and told me I would be killed if I made the slightest protest. Every day and every night, I was filled with terror and stress. Every day I live in fear and anxiety, every loud noise, every shadow, every strange face scares me.

“When I reached UK the first time and Home Office asked what had happened to me I was crying and couldn’t speak about this because of shame.”

The UK government’s position is that France is a safe country.

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PM and Macron agree migrant deal

‘Rwanda is further than France’

The aim of the agreement with France is to create a disincentive for migrants to make the dangerous crossing across the Channel. But Downing Street repeatedly refused to describe the scheme as a “deterrent” this afternoon, insisting that the scheme is among a number of measures the government is taking to stop small boat crossings.

A Home Office spokesperson said in a statement: “We will not accept any abuse of our borders, and we will do everything in our power to remove those without the legal right to be here.

“Individuals who are returned under the pilot and subsequently attempt to re-enter the UK illegally will be removed.”

Former Tory home secretary James Cleverly quipped on social media that “Rwanda is a lot further away than France”, arguing that had their embattled scheme got off the ground, it would have been harder for migrants to make the return journey.

The prime minister is hosting Western Balkans leaders on Wednesday as the government tries to crack down on people smuggling and illegal migration.

But despite various government efforts, Sky News understands that more migrants have crossed the English Channel in small boats so far this year than in the whole of 2024, Sky News understands

While the exact number of people who have made the crossing today is not set to be published until tomorrow, Home Office sources have confirmed that more than 36,816 people – the total for 2024 – have now crossed the Channel so far in 2025.

Home Secretary Shabana Mahmood said in a statement: “The previous government left our borders in crisis, and we are still living with the consequences. These figures are shameful – the British people deserve better.

“This government is taking action. We have detained and removed more than 35,000 who were here illegally. Our historic deal with the French means those who arrive on small boats are now being sent back.

“But it is clear we must go further and faster – removing more of those here illegally, and stopping migrants from making small boat crossings in the first place.

“And I have been clear: I will do whatever it takes to restore order to our border.”

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