Eu Financial News

13.04 / 13:31

UPS Provident Twitter regulation Coindesk EU's MiCA Law Nears Final Vote, Raising High Hopes for Crypto Regulation

The EU’s new regulatory framework for crypto known as MiCA is expected to be debated in the European Parliament on Tuesday or Wednesday next week, with a final vote expected to follow one day later.

13.04 / 10:15

Technology Adoption regulation Web3 ChatGPT Italy ChatGPT ban: Data watchdog demands transparency to lift restriction

Italy’s data protection agency, known as Garante, has specified the actions that OpenAI must take to revoke an order imposed on ChatGPT. The order was issued in March 2023. The watchdog suspected the artificial intelligence (AI) chatbot service of violating the European Union’s General Data Protection Regulation (GDPR) and mandated the United States-based firm to halt the processing of data belonging to individuals residing in the country.

12.04 / 23:39

BlackRock Fund giants kicked off EU trade body’s board after battle over influence

BlackRock, Fidelity and other fund giants will have their influence at Europe's main asset management trade body curbed after an overhaul to its voting rules.

12.04 / 07:57

Blockchain Digital Cooper Ripple XRP SEC Simulation Montenegro to develop CBDC pilot in association with Ripple

The Montenegro central bank has inked a deal with Ripple, the blockchain firm based in San Francisco, to build a pilot program for the national central bank digital currency (CBDC).

11.04 / 18:59

regulation European Union DAO Decentralized Finance MICA French central bank looks at certification, incorporation as part of DeFi regulation

The Banque de France has contributed to the discussion of European crypto asset regulation with a close examination of decentralized finance (DeFi) and potential approaches to its regulation. This discussion is timely because of the growing use of tokenization in finance and the introduction of blockchain technology in many economic sectors, the authors said.

11.04 / 08:09

business regulation Investments G20 global crypto community AIM global framework Framework G20 countries aim to develop global framework against crypto-related risks

The G20 — an intergovernmental forum comprising 19 countries and the European Union — has planned to develop a common framework for helping all countries deal with risks associated with cryptocurrency investments.

07.04 / 13:19

Adoption regulation wallet Europe European Union identity data privacy Europe’s digital ID wallet — Easy for users or a data privacy nightmare?

On March 15, the European Parliament voted 418 to 103 (with 24 abstentions) in favor of negotiating a mandate for talks with the European Union member states about revising the new European Digital Identity (eID) framework and creating the “European Digital Identity Wallet,” also known as EUDI Wallet or EU wallet.

07.04 / 05:51

CBDC regulation European Union ECB Euro CBDC will be used for ‘control’ ECB president admits in vid chat with fake Zelensky

A widely shared video of European Central Bank (ECB) President Christine Lagarde admitting that a Digital Euro will be used in a "limited" way to control the payments people can make was taken from the three week old prank video.

06.04 / 18:11

business Blockchain regulation Europe European Union boost Germany plans to issue electronic shares on blockchain, boost startups

The German government is pushing for more welcoming regulations for startups working with financial innovation in the country, according to the newly drafted legislation of the "Future Finance Act" introduced by the finance ministry on April 5.

06.04 / 13:15

COST UPS Citi Fallout Moodys Deal Here's why travel to Europe is no longer a 'screaming, bargain-basement' deal

Travel to many European nations looked like a bargain heading into summer and fall last year thanks to a favorable exchange rate for American tourists.

06.04 / 05:59

business regulation Bloomberg Court Financial Times The New York Times Names of non-US FTX users demanded by mainstream media outlets

Some mainstream media outlets have objected to attempts to withhold the identities of non-United States customers of cryptocurrency exchange FTX during its bankruptcy proceedings.

06.04 / 05:59

business Adoption OpenAI faces Canadian privacy probe alleging personal info harvesting

OpenAI, the creators of artificial intelligence (AI) chatbot ChatGPT, is under investigation by Canada’s privacy commissioner for alleged collection and use of personal information without consent.

05.04 / 11:59

UBS Deal UBS-Credit Suisse deal allowed to move forward by EU regulators

The European Union's executive arm has granted UBS and Credit Suisse Group an exemption from their obligation to not move forward with their proposed merger either before its notification or clearance.

04.04 / 11:37

Provident Digital ETF crypto ETFs Institutional interest in crypto ETFs high, but no plans to buy: BBH Survey

The financial services firm Brown Brothers Harriman (BBH) released its 2023 Global ETF Investor Survey yesterday, revealing that institutional interest in cryptocurrencies hasn’t waned despite the market being 60% lower than its all-time highs.

03.04 / 10:29

regulation Trading Europe banking Investment UK Crypto Companies Crypto Companies Make Complaints to UK Government Amid Banking Woes – What's Going On?

Access to banking has gotten so limited in the UK over the past few weeks that crypto companies had to complain directly to Prime Minister Rishi Sunak’s government.

02.04 / 20:09

business European Union UK banks are turning away crypto clients: Report

Crypto companies are facing difficulties accessing banking services in the United Kingdom, according to multiple sources interviewed by Bloomberg. The few banks still working with crypto firms are requesting more documentation and information about how they monitor client's transactions.

02.04 / 02:55

business regulation us government US crackdown will push crypto’s 'center of gravity' to Hong Kong: Kaiko CEO

The U.S. government's frosty approach to cryptocurrency regulation could ultimately see the industry’s “center of gravity” shift to Hong Kong, says Ambre Soubiran, the CEO of Paris-based institutional crypto market data provider Kaiko.

31.03 / 15:27

Blockchain Ethereum ETF CFTC Cardano Gaming Bitcoin Lawyers EVM Today in Crypto: FTX EU Enables Withdrawal Requests, Ex-Binance.US CEO Lawyers Up, Cardano to Enable Access to EVM Contracts from Any ADA Wallet

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

31.03 / 06:03

business regulation Europe Middle east Bankruptcy FTX EU launches withdrawal website to pay back European users

The European arm of FTX, FTX EU has launched a website to allow European customers to submit withdrawal requests.

30.03 / 13:57

Blockchain Citizens Microsoft Racing Bitcoin ZKP could help resolve blockchain tensions with GDPR

Europe commissioned a new law called GDPR in 2018. It gives EU citizens control over who collects their personal data and how it’s handled. The pop-ups on websites seeking permission to gather and access your data result from the compliance need the act has imposed. Companies globally (if interacting with EU citizens) are subject to GDPR rules with onerous fines for non-compliance. GDPR definitions were clear on data protection until blockchains became mainstream, and a few use cases challenge the boundaries of technology and regulation.

30.03 / 12:09

Waves sustainable funds ABN AMRO upgrades sustainable funds to ‘dark green’ amid wave of downgrades

ABN AMRO has promoted two of its sustainable funds to ‘dark green’ – the strictest category under the EU’s ESG framework – as a slew of asset managers have preemptively downgraded their products.

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