Eu Financial News

Governor Matolcsy of the Central Bank of Hungary has expressed support for the idea of a crypto ban in the EU. He noted in a statement,

As the government weighs up responses to its landmark consultation on a new approach to rulemaking for UK watchdogs now freed from EU structures, rival camps are set for a fierce tussle.

As the United Kingdom breaks away from the rest of the European Union, one Member of Parliament believes it could foster the growth of the country’s cryptocurrency industry while also making it more inclusive.

György Matolcsy, Governor of the Hungarian National Bank, has proposed a blanket ban on all cryptocurrency trading and mining operations across the European Union. 

As the government weighs up responses to its landmark consultation on a new approach to rulemaking for UK watchdogs now freed from EU structures, rival camps are set for a fierce tussle.

Protesters from across France are planning to descend on Paris in a Canada-inspired "Freedom Convoy" on Friday to voice opposition to the country's COVID-19 vaccine and public health policies.

Spanish police say they have dismantled a drug trafficking ring who simulated boat damage, and even orca attacks, to get towed into ports and smuggle in hashish.

Russian figure skater Kamila Valieva’s right to compete in the women’s event at the Beijing Olympics will be decided at an urgent hearing at the Court of Arbitration for Sport.

US President Joe Biden has repeated his warning that any Americans still in Ukraine should leave as soon as possible.

False online claims have suggested an unfounded link between COVID-19 vaccines and HIV, the virus that causes AIDs.

The European Commission has announced that a bill for a digital euro will be proposed in 2023.

The global cryptocurrency market capitalisation dipped 3.30 percent over the last 24 hours to $1.96 trillion while trading volumes were up 46.41  percent to $113.88 billion.

The head of London's Metropolitan Police resigned on Thursday evening stating she has lost the confidence of Mayor Sadiq Khan.

Inflation will remain high across the eurozone until at least the end of the summer, Brussels has warned.

Although regulators have been slow to make a move on the crypto industry, they could come up with a new global framework of rules within months, an official from the Financial Stability Board said.

Regulators came late to the fast evolving cross-border world of cryptoassets but they could come up with their first global framework of rules within months, a senior official said on Wednesday. The Financial Stability Board, which groups regulators, central banks and finance ministry officials from the G20 economies, is looking at what needs to be done with cryptoassets such as bitcoin and stablecoins.Crypto assets are currently treated differently across the world, ranging from bans to no rules at all even though they are traded by international firms. The European Union is approving a comprehensive set of standards for authorising and supervising participants in crypto asset markets.

The Central Bank of Ireland has stated that it is unlikely to approve investment funds for retail crypto investors because they lack the know-how to navigate the high-risk asset class.

Pope Francis said he hopes that the diplomatic process will help avoid armed conflict between Russia and Ukraine because "war is insane."

The Irish Central Bank has made some glaring statements regarding cryptocurrency investments in a report published on Tuesday, that could potentially effect the way retail investors engage with the industry.

Large firms and organisations representing the UK’s financial services sector are balking at the proposed scope of regulator responsibility under plans to shift the landscape following the UK's split from the European Union.

The "only detectable impact" of Brexit on British businesses so far is "increased costs, paperwork and border delays", says the chair of a prominent parliamentary committee.