The Industry Eye – Season 8 Episode 12

The Industry Eye – Season 8 Episode 12

By Ed Pownall | 2021-02-24

Tags: announcement, CalvinAyre.com, Editorial, The Industry Eye

Welcome back to The Industry Eye. This week, we look at regulatory pressure on Bitcoin mining, major moves in digital payments across emerging markets, and how U.S. banks are responding to blockchain disruption.

Bitcoin faces EU carbon rules and U.K. banking pushback

Bitcoin is feeling the heat from two directions. In Europe, rising carbon prices may push block reward miners to relocate overseas. At the same time, U.K. banks are accused of limiting access to banking services for digital asset firms. These twin pressures signal growing friction between traditional finance and the crypto sector.

Source: CoinGeek

Syria and Pakistan push forward on financial modernization

Syria is racing to modernize its financial system with plans to launch a new electronic payment system. Meanwhile, Pakistan has given crypto exchanges a clear deadline: seek preliminary approval from regulators or face enforcement action. Both moves reflect a broader trend of governments trying to bring digital assets under a formal regulatory umbrella.

Source: CoinGeek

Germany leads MiCA licensing as EU tightens crypto rules

Germany is out in front when it comes to MiCA licenses, leading the EU as the bloc strengthens its crypto regulatory framework. In a related development, 14 non-EU crypto firms are facing transaction bans. The European Central Bank is also moving ahead with its digital euro plans, signaling that the region is serious about shaping the future of digital money.

Source: CoinGeek

U.S. banks explore blockchain as tokenized deposits pose threat

U.S. banks are starting to take notice of blockchain’s potential, but tokenized deposits are creating new competitive risks. As blockchain adoption grows, banks are examining whether to build their own infrastructure. Meanwhile, surveys show mixed sentiment when it comes to crypto ownership and retirement accounts—some investors are all in, while others remain cautious.

Source: CoinGeek

Philippines digital payments hit $310B in 2026

The Philippines is seeing a surge in digital payments. In the first seven months of 2026, the country processed more than $310 billion through its two main electronic transfer systems. The numbers point to a rapidly maturing digital payments ecosystem, driven by wider adoption of electronic banking services.

Source: CoinGeek