Eu Financial News

A majority of members of the European Parliament voted in support of establishing a mandate for interinstitutional discussions to bring about a digital wallet that is applicable throughout the whole EU. The new European Digital Identification (eID) framework plans to develop what will be known as the European Digital Identity Wallet. This wallet will be a digital one that EU people and enterprises may use (EDIW). The digital wallet gives individuals and businesses in the EU the ability to store their identity information, such as names and addresses, as well as digitized documents, such as data from bank accounts, birth certificates, diplomas, and other documents that can be used across international borders.

Johan Van Overtveldt, a member of the European Parliament and the former Minister of Finance of Belgium, has called for a “strict ban” on crypto as a result of the current banking crisis.

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In response to the turbulence in the banking industry, Johan Van Overtveldt, a member of the European Parliament and a former finance minister of Belgium, called for a ban on cryptocurrencies in a Friday tweet.

European regulators are turning up the heat on crypto and blockchain regulation just like their American counterparts. The recently passed European Parliament Act has a section that seeks to implement more control over smart contracts.

European investors risk a cash crunch and higher costs as firms race to keep up with the move in the US to a T+1 settlement model, named on account of trades taking a day to complete.

The electric vehicle (EV) charging sector is set to experience an unprecedented level of growth in the coming years, thanks to a confluence of factors that are driving the adoption of EVs and the development of charging infrastructure.

Bitcoin (BTC) accounts for more of the total value of all cryptocurrencies than at any time since June 2022.

The Euronews Brussels bureau brings you its latest episode of a new talk show that aims to break down European news and politics to make it more accessible to viewers. 

The CEO of American investment company BlackRock, Larry Fink, highlighted the potential of digital assets and tokenization for the asset management industry in his annual chairman’s letter to the company. 

European lawmakers are moving forward with the introduction of a European Union-wide digital wallet by passing a plenary vote on moving the initiative to interinstitutional negotiations.

Bitcoin (BTC) rebounded for a fresh challenge of $25,000 on March 16 ahead of a key interest rate decision in Europe.

The US Justice Department (DoJ) and Europol announced the takedown of ChipMixer, described as "one of the darkweb’s largest cryptocurrency laundromats." 

City leaders hoping that Chancellor Jeremy Hunt's Spring Budget would answer some of the lingering questions for financial services in the wake of Brexit were left disappointed.

According to The European Union Agency for Law Enforcement Cooperation, commonly known as Europol, on March 15, the agency seized assets of cryptocurrency mixer ChipMixer for its alleged involvement in money laundering activities. Total assets seized include 1,909.4 Bitcoin (BTC) in 55 transactions amounting to 44.2 million euros ($46 million). Decentralized finance analyst ZachXBT previously alleged on Nov. 25, 2022, that the hacker(s) of defunct cryptocurrency exchange FTX laundered 360 BTC ($5.9 million) using ChipMixer after an $372 million exploit. 

The European Parliament passed the Data Act on March 14. The comprehensive bill was intended to “boost innovation by removing barriers obstructing access to industrial data.” Among its provisions is an article that would require smart contracts to be alterable. 

Apple’s continued enforcement of in-app purchases to sell services remains a trade-off for NFT applications looking to tap into the convenience of streamlined in-app purchases for iPhone users and a massive user base around the world.

Caroline Hill, the director of global policy and regulatory strategy for stablecoin issuer Circle, has placed some of the blame from the recent collapse of banks tied to crypto on traditional financial institutions rather than digital assets.

WASHINGTON—The U.S. and Europe agreed Friday to new steps aimed at resolving a spat over subsidies for clean-energy technology, an effort to preserve a trans-Atlantic relationship that had strengthened following Russia’s invasion of Ukraine.

WASHINGTON—President Biden and European Commission President Ursula von der Leyen will meet Friday as the U.S. and Europe try to move beyond a spat over subsidies for clean-energy technology and preserve a trans-Atlantic relationship that had strengthened following Russia’s invasion of Ukraine. 

The United States Treasury has announced deputies of the multilateral Russian Elites, Proxies, and Oligarchs, or REPO, Task Force have targeted crypto in Russian entities’ attempts to evade sanctions.