Luxembourg has been selected as the European hub of a proposed multilateral defence bank led by Canada. The project has nine government backers but still requires ratification and capital commitments.
Coinbase has opened larger offices in Luxembourg City and is expanding its local team, cementing the Grand Duchy as its regulated base for serving crypto users across the European Union under MiCA.
The European Commission's two-part corporate-tax simplification package, unveiled on 24 June, could save EU business up to €8 billion a year. But its biggest benefit is delayed eight years and conditional on unanimity, and it leaves the Pillar Two compliance burden largely intact — a modest result for Luxembourg, where tax is the financial centre's main competitive lever.