Eu Financial News

21.07 / 13:53

business EU slaps Russia with more sanctions over Ukraine war

The European Union has imposed more sanctions on Russia over its invasion of Ukraine after the bloc's member states backed a series of measures that would include gold imports and tighten export controls on some high-technology goods.

21.07 / 13:09

Provident Digital Strategy Gemini UK to regulate stablecoins as part of Finance bill

It marks the first time that the UK’s licensing regime will cater specifically for a cryptoasset. While certain crypto businesses have to comply with the UK’s anti-money laundering rules, any issuer of stablecoins used for payment must now seek a licence from the Financial Conduct Authority (FCA).

20.07 / 22:55

Stablecoin regulation legislation Financial UK financial markets bill authorizes regulation of stablecoins, service providers

The Financial Services and Markets Bill was introduced into the UK Parliament on July 20. The comprehensive bill, which was meant to preserve the UK’s leading place in the financial world post-Brexit, repealed retained EU laws, reformed certain insurance laws, supported victims of financial fraud and established new growth and competitiveness objectives. The bill also regulated stablecoins.

20.07 / 19:57

Technology European Union Ukrainian forces strike key bridge in Russian-occupied south

Ukrainian forces have seriously damaged a bridge that is key for supplying Russian troops in southern Ukraine, a regional official said Wednesday.

20.07 / 19:57

Technology Prime Minister Sunak Rishi Sunak and Liz Truss face runoff to become next UK Prime Minister

Former UK Chancellor Rishi Sunak and current Foreign Secretary Liz Truss will face each other in a runoff vote to replace Prime Minister Boris Johnson.

20.07 / 18:57

UPS Citi Support Radical overhaul to tighten screws on regulators post-Brexit sails through on City support

The UK government published its long-awaited Financial Services and Markets Bill, ushering in a new era of scrutiny for the Financial Conduct Authority and the Prudential Regulation Authority.

20.07 / 17:21

Government Law Stablecoin Europe Demand for widely used euro stablecoin is huge, says DeFi expert

The market capitalization of Tether (USDT), a United States dollar-pegged stablecoin, is currently over $65 billion. USD Coin (USDC), another stablecoin backed by the U.S. dollar, clocks in near $55 billion. Some reports estimate that the total market cap of dollar-backed stablecoins is over $160 billion.

20.07 / 14:13

Technology European Union Heatwave Video

Russian President Vladimir Putin was left awkwardly waiting and fidgeting by Turkish counterpart Tayyip Erdogan ahead of talks in Tehran on Tuesday.

20.07 / 14:13

Technology European Union Heatwave EU must cut gas use by 15% this winter over Russian disruption fears, Commission says

The European Commission urged member states on Wednesday to reduce their gas use by 15% from August 1 of this year until 31 March 2023 to ensure they can cope in the event of a total gas cut-off from Russia.

20.07 / 12:59

Adoption regulation Gemini Gemini receives virtual asset service provider license in Ireland

New York-based crypto trading platform Gemini claims to be the first one to get registered as a virtual asset service provider (VASP) by the Central Bank of Ireland (CBI). Earlier in February 2022, a company received an electronic money institution (EMI) authorization from the CBI.

20.07 / 07:51

European Union Heatwave Moment of truth as Italian PM Draghi faces parliament

Italian Prime Minister Mario Draghi's political future hangs in the balance on Wednesday, with a key speech and discussion in the Senate potentially deciding whether his government stands or falls.

20.07 / 02:57

BlackRock Row erupts at European fund body over influence of non-EU giants

A rift has emerged within the EU’s fund management trade body over the influence that corporate members such as BlackRock, Fidelity and others have when lobbying on behalf of the sector.

19.07 / 22:47

Government confirms mulling powers to overrule regulators

Chancellor Nadhim Zahawi confirmed that the government is considering call-in powers to intervene when it disagrees with financial regulator decisions.

19.07 / 22:01

European Union Gas flows through Nord Stream to resume after 10-day maintenance

Gazprom is expected to restart gas flows through the Nord Stream 1 pipeline Thursday, after the completion of a 10-day maintenance that has put EU leaders on edge.

19.07 / 21:07

business European Union regulatory Crypto.com secures regulatory license in Italy

Digital asset exchange Crypto.com has received approval from Italian regulators to offer its services in the Mediterranean country — a move the company says aligns with its vision of “building lasting growth in the region.”

19.07 / 18:59

European Union Heatwave 'Major incident' in London, as wildfires continue to rage across western Europe

London is facing a "major incident" caused by fires amid record-breaking temperatures, as wildfires continue to rage and claim lives across large parts of Europe.

19.07 / 18:31

Blockchain Ethereum CFTC Bitcoin Warning NFT Warning, Bitcoin Mining Academy, Inflation in EU Heats Up + More News

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

19.07 / 17:19

European Union Heatwave What you need to know about the Ukraine war Tuesday

Russia's ambassador to Pyongyang has said that North Korean labour could be sent to repair Russian-controlled territories in Ukraine.

19.07 / 15:13

Fighting Mansion House dinner to spotlight rift between government and regulators

Chancellor Nadhim Zahawi is set to continue a fight between the government and regulators as he plans to double down on plans to axe financial services rules in the wake of Brexit.

19.07 / 13:39

European Union Kyiv Heatwave Financial Ukraine won't default but financial situation is 'dire,' warns EU ambassador to Kyiv

Ukraine is not likely to default on its foreign debt, but the financial situation inside the war-torn country is 'dire' and requires urgent foreign aid to make up for a monthly budget shortfall worth €5 billion, the EU's ambassador to the country has warned.

19.07 / 09:25

UPS Digital Platform Arrow Looking to get your funds out of a collapsed crypto platform? Don't get your hopes up

Traders hoping to recoup their funds from failed cryptocurrency exchanges anytime soon are likely to end up disappointed, legal experts tell CNBC.

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