Europe seems to be the way to move the financial industry to encryption. Institutions throughout Europe respond to the US campaign on friendly banks by enhancing their efforts to enhance a hospitable environment for digital assets.
According to modern data, Europe It is now home to more than 50 institutions that provide encryption services, a number that exceeds Asia and North America.
The regulations provide a clearer path
Europe’s organizational clarity is an important factor that contributes to its increasing participation in coding banking services. With the implementation of the markets within the framework of encryption (MICA) by the European Union, participating in the participating companies Cross currencies It is subject to clear laws. This gives institutions confidence to provide services without worrying about unexpected legal changes.
On the other hand, the United States followed a different approach. She left the last closure of Silvergate and Signature Bank, Benkan is known for their support for encrypted currency companies, a hole in the American market. Currently, many United States -based cryptocurrencies are looking forward to other countries to obtain financial solutions.
Europe leads the world in terms of friendly banks 🏦
Although the United States has just issued instructions that allow banks to engage in encryption services such as nursery or Stablecoin services, European banks are already years killing years.
BBVA Spain is the latest example to be announced … pic.twitter.com/2fr
Paddi_Hansen March 11, 2025
Patrick Hansen, European Union Policy Adviser in Serkel, said in one of the last centers of X Post that Europe is leading the world in terms of friendly banking banks. Europe has quietly proved itself as unlimited A pioneer in the digital currency marketWhile the major powers such as the United States are trying to obtain a fixed presence in this field through banking partnerships.
Numbers show that Europe is progressing
Data from Conincub indicates an increased level of division. In Asia there are 24 banks who support Bitcoin and other relevant assets, while Europe has 55 banks doing it. With the intensification of regulatory pressure, North America, which was previously a center for bitcoin friendly banks, is now backward.
The lack of trustworthy banking partners makes us face encryption companies with capital management and payment processing. Some have already begun to transfer their business to areas with better laws. Europe’s approach, which stresses control of restrictions, proves attractive.
Participation traditional institutions
Financial institutions established in Europe also enter into this mix. Main player in financial markets, Deutsche Boerse’s Clearstream It is now developing bitcoin nursery and settlement services. This step indicates that traditional financial institutions are looking to serve institutional investors because they understand the capabilities of digital assets.
As of today, the market cap of cryptocurrencies stood at $2.63 trillion. Chart: TradingView
Meanwhile, American institutions continue to be careful. Because of the organizational scrutiny, many individuals refrain from investing in the digital currency. The result? An increasing contrast between the United States and Europe in terms of the number of financial institutions that wish to provide services to the industry.
The way for Europe
Europe has become a center for digital banking services with the involvement of more institutions and the regulations become more clear. On the other hand, the United States has not yet set a clear framework on how to deal with banks with digital assets. If policies do not change, American companies may still be behind their European competitors.
Distinctive image from Gemini Imagen, the tradingvief chart
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