AGP Executive Report
Last update: 4 hours agoCrypto Regulation in the EEA: Liechtenstein’s Financial Market Authority has granted Paymonade (Damoon Technology Europe) a MiCA licence, letting the firm offer regulated crypto-asset services across the EEA—an opening created as Binance retreats ahead of MiCA’s July 1 deadline. Trade & Industry Cooperation: EFTA (Iceland, Liechtenstein, Norway, Switzerland) and Cambodia reaffirmed plans to deepen trade ties as Cambodia prepares for LDC graduation in 2029, with a focus on rules-based trade and economic transition. Finance Tech Partnerships: BIL Suisse renewed its long-running strategic partnership with Avaloq, extending core banking automation and third-party integration work for the Swiss market. Defence Industrial Supply Chains: The EEA Committee cleared EDIP access for defence firms from Iceland, Liechtenstein and Norway, aiming to strengthen Europe’s defence industrial base and supply security. AI Access via Competition Law: EU enforcement orders restored ChatGPT access in WhatsApp across the EEA (including Liechtenstein), highlighting how regulators are reshaping AI distribution channels. SME Payments Infrastructure: Statrys added local account capabilities in the UK, Germany, Luxembourg, Denmark and Liechtenstein for Hong Kong SMEs, enabling local-network routing and potentially lower cross-border payment costs. Border Systems Impacting Mobility: The EU’s Entry/Exit System is still driving long queues at some airports, with calls to pause checks during summer rejected by the European Commission.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.