EU escalates probe into Meta Platforms over user safety concerns

Digital Services Act may force Meta to make big changes on its platforms.

The post Binance CEO: 70% Of EU User Withdrawals Moved To Self-Custodied Wallets After MiCA Exit appeared on BitcoinEthereumNews.com. When a titan of centralized exchanges fully exits a major market, regulators expect an orderly flow into supervised platforms. The European Unionu2019s Markets in Crypto-Assets framework was designed precisely for this u2014 to channel crypto activity into licensed, compliant venues. The actual data from Binanceu2019s EU shutdown suggests reality runs hard in the opposite direction. According to a report citing Binance CEO Richard Teng, approximately 70% of the funds that EU users withdrew after the exchange suspended services moved into self-custodied wallets. Only 30% ended up on MiCA-compliant platforms. For a regulatory regime built on the premise that licensing leads to consumer protection, that number is a quiet indictment of how detached the official playbook is from user behavior. The 70% That Went Outside the Tent Teng did not mince words. He ar

A MiCA license allows crypto firms to operate in the EU, but the ESMA’s review will test whether custodians can meet the required security and resilience standards.

The post U.S. banking giant says Meta among best stocks to buy right now appeared on BitcoinEthereumNews.com. Mark Zuckerberg’s Meta Platforms (NASDAQ: META) was rewarded for its stock market strength in the last two weeks with reinvigorated Wall Street bullishness and a particularly strong endorsement from Bank of America (NYSE: BAC). Specifically, BofA added the technology giant to its list of best investment ideas among the equities boasting a ‘Buy’ rating. The move came shortly after Bank of America’s Justin Post reiterated his ‘Buy’ rating for Meta stock and set the 12-month share price target at $835, thus indicating investors can expect a 32.23% rise for their position should they purchase. While BofA’s decision to add Mark Zuckerberg’s company to its top ideas list represents a particularly decisive recommendation, the bullish attitude itself is hardly a standout among major financial institutions. Indeed, the vast majority of ratings assigned since July started – Needham, JPMo

The EU's actions could reshape industry standards, forcing social media giants to prioritize child safety over engagement-driven revenue models. The post EU accuses Meta of addictive design harming children, potential fine could hit 6% of global revenue appeared first on Crypto Briefing.

The post ESMA Market Capitalisation Data Unveils EU Financial Insights appeared on BitcoinEthereumNews.com. A new transparency mechanism is now live in EU financial markets. The European Securities and Markets Authority has released its first-ever batch of ESMA market capitalisation data for EU Member States, covering reference years 2024 and 2025 — and the publication carries more regulatory weight than a routine data drop might suggest. Key takeaways ESMA published annual market capitalisation figures and ratios for all EU Member States for 2024 and 2025 on July 10, 2026. This is the first implementation of ESMA’s mandate under the FASTER Directive, marking a new phase in EU financial market regulation. Member States whose market size exceeds 1.5% of total EU market capitalisation for four consecutive years become subject to specific withholding tax relief requirements. ESMA developed dedicated technical standards governing the calculation methodology behind the figures. Updated figu

The post Self-Custody Is the Trade Again appeared on BitcoinEthereumNews.com. “Not your keys, not your coins” felt like a slogan for the paranoid. Exchanges were slick, convenient, and mostly worked. So why wrestle with a seed phrase when an app would hold everything for you? Then 2026 happened, and the question flipped. Now the interesting one is: do you actually know who’s holding your crypto, and if they’ll still be allowed to next month? The map just got redrawn On July 1, the EU’s crypto rulebook (MiCA) hit its hard deadline. Any exchange or custodian serving EU users now needs a license, and a lot of them don’t have one; only a handful of platforms hold a full trading license across the bloc. Binance, the biggest exchange on earth, confirmed it’s pulling back from EU users, unable to get authorized in time. Tether’s USDT got delisted from regulated venues, and dozens of smaller platforms are winding down or geo-blocking European customers entirely. MiCA is, on balance, good for u

The post EU revives chat scanning rules but exempts encrypted messages appeared on BitcoinEthereumNews.com. The European Parliament has backed temporary rules allowing technology companies to scan private communications voluntarily for child sexual abuse material until 2028. Summary Lawmakers revived voluntary chat scanning while protecting end-to-end encrypted communications through a new parliamentary amendment. The amended proposal now returns to EU ministers, who have three months to respond formally. Crypto groups warn device-level scanning could expose wallet credentials, security keys and open-source software developers. However, lawmakers also approved an amendment excluding messages protected by end-to-end encryption. The amended proposal will now return to the Council of the European Union for review. EU lawmakers fail to block chat scanning extension Parliament voted on July 9 to revive the temporary legal framework known as “Chat Control 1.0” by its critics. The previous ru