Binance is pulling back from the European Union after failing to win a licence under the bloc's MiCA regime, while Coinbase has secured its EU-wide passport from Luxembourg's CSSF — a split-screen moment as the transition period ends.
A fresh investigation by two Belgian newspapers finds the country's hundred wealthiest families hold roughly €91 billion through 416 Luxembourg companies — nearly double the figure recorded in 2018, and a fresh test of the Grand Duchy's holding-company reputation.
A draft European Commission report wants to let cross-border banks shift capital and liquidity across the EU to compete with US rivals. For a financial centre built on 117 foreign-owned banks, the reform is both an opportunity and a risk.
A US law has accelerated dollar-backed stablecoins, prompting the ECB to push for a digital euro by 2029. Luxembourg, the EU base for PayPal and Amazon and a hub for blockchain-bond experiments, is unusually exposed to the outcome.
The European Commission has published its long-awaited review of the EU's Money Market Funds Regulation, alongside new guidance recommending, for the first time, liquidity benchmarks above the legal minimums. The FAQs point to weekly liquid asset levels of 40% for stable-NAV funds and 20% for variable-NAV funds. Luxembourg's CSSF flagged the move to the local fund industry on 15 May 2026.