European Union Financial News

20.04 / 11:27

regulation Europe European Union MICA The European Parliament adopts crypto-focused MiCA legislation

After two consecutive delays, the European Parliament has finally conducted the final vote on the Markets in Crypto-Assets Act, known as MiCA. Now the legislation, introduced for the first time in 2020, should grant approval from the European Council to be published as an effective regulation.

19.04 / 20:09

CBDC Adoption Europe European Union ECB Euro digital euro NOT European Parliament report recommends researching, but not launching, digital euro

An analytical paper released by the European Parliament Committee on Economic and Monetary Affairs has given the digital euro a mixed review. The title of the paper summed up its position: “Digital Euro: When in doubt, abstain (but be prepared).”

19.04 / 18:39

business regulation European Union Machine Learning ChatGPT OpenAI has until April 30 to comply with EU laws, ‘next to impossible’ say experts

OpenAI may soon face its biggest regulatory challenge yet as Italian authorities insist the company has until April 30 to comply with local and European data protection and privacy laws, a task artificial intelligence (AI) experts say could be near impossible.

19.04 / 06:45

business Facebook Europe Google European Union EU sets up research hub to analyze Big Tech's AI algorithms

The European Commission has launched a new research unit that will investigate the impact of the algorithms made and used by prominent online platforms and search engines such as Facebook and Google.

19.04 / 02:55

business Blockchain Adoption regulation privacy coinbase European Union UK may have crypto regulation within a year, says senior minister

The United Kingdom could lay out digital asset regulation within 12 months a British lawmaker claimed, saying the country wants to capitalize on the benefits that blockchain can bring to the private sector and economy.

18.04 / 18:47

business defi regulation Europe European Union Kraken Bitcoin Kraken receives virtual asset service provider authorization in Ireland ahead of MiCA vote

Payward Europe Solutions, an Irish subsidiary of Kraken registered in Dublin, was awarded virtual asset service provider (VASP) authorization from the Central Bank of Ireland on April 18.

17.04 / 21:19

business Polygon European Union Smart Contracts lawmakers Polygon calls on EU lawmakers to address smart contracts in Data Act

Polygon Labs, an Ethereum layer-2 scaling solution, has called on policymakers in the European Union to “clarify the scope and intent” in legislation targeting smart contracts.

14.04 / 15:37

Stablecoin Adoption Europe Tether European Union Usd Coin Future Crypto in Europe: Economist breaks down MiCA and future of stablecoins

In October 2022, the European Union finalized the text of its regulatory framework called Markets in Crypto-Assets or MiCA. The final vote on the new regulation is scheduled for April 19, 2023, meaning the days of an unregulated crypto market in the EU may soon be over. The MiCA regulations introduce clear guidelines for handling cryptocurrencies and consumer protection, and divide crypto assets into different sectors, each subject to specific rules.

13.04 / 13:41

Government Law Adoption Europe European Union First of many? How Italy’s ChatGPT ban could trigger a wave of AI regulation

Italy has recently made headlines by becoming the first Western country to ban the popular artificial intelligence (AI)-powered chatbot ChatGPT.

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.

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.

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.

29.03 / 08:55

Adoption Digital Currency regulation Europe European Union Euro lawmakers crypto transfers EU lawmakers push for stricter rules on anonymous crypto transfers

European Union lawmakers have adopted new draft legislation that would impose a 1000 euro ($1,083) cap on anonymous crypto asset transfers in a bid to combat money laundering and terrorist financing.

28.03 / 18:01

Adoption Europe European Union Banks Central Bank banking Euro digital euro European Banking Federation shares its vision of digital euro, wCBDC, bank tokens

The European Banking Federation (EBF) has released a paper detailing its vision for the digital money ecosystem of the future, and the retail digital euro in particular. The carefully worded paper expressed values and concerns about the digital euro from the perspective of commercial banks.

27.03 / 14:31

business Europe European Union Banks UBS Credit Suisse UBS’s acquisition of Credit Suisse brings some good and bad for crypto

On Sunday, March 19, the 167-year history of banking giant Credit Suisse ended with a takeover by the largest Swiss bank, UBS. Under pressure from the Swiss government, UBS took over its ailing competitor for 3 billion Swiss francs ($3.25 billion) — less than half the $8 billion market value of Credit Suisse just two days before, on Friday, March 17.

27.03 / 10:59

business defi Investments Europe European Union European DeFi startups saw 120% increase in VC investment in 2022: Data

2022 was a turbulent year for the crypto space, from an ongoing bear market and high-profile collapses of some of the industry’s most prominent players, like Terra and FTX. Despite the setbacks, venture capital (VC) investors continued to show support for crypto startups.

25.03 / 09:29

business regulation SEC coinbase European Union us government 'US has left a vacuum that other countries are eager to fill': Coinbase

With Coinbase seemingly on the verge of a court battle with the Securities and Exchange Commission (SEC), the firm has emphasized that the U.S. government’s hawkish approach to crypto regulation has “left a vacuum that other countries are eager to fill.’

22.03 / 14:43

Ethereum Adoption Europe European Union Bitcoin week EU MiCA crypto regulation is a ‘balancing act’: Paris Blockchain Week 2023

Regulators and industry players highlighted a number of implications and potential impacts of the European Union’s Markets in Crypto-Assets (MiCA) regulation at the Paris Blockchain Week 2023.

20.03 / 23:33

Binance European Union Banks Congress Court Silicon Valley In the aftermath of banks’ horrorshow: Law Decoded, March 13–20.

A week after the twinning collapse of Silicon Valley Bank (SVB) and Signature Bank, and the trouble at Credit Suisse, the dust is slowly settling down. SVB Financial Group has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court. The company is no longer affiliated with Silicon Valley Bank, which operates under the jurisdiction of the Federal Deposit Insurance Corporation (FDIC) and is not included in the Chapter 11 filing. Meanwhile, the United Kingdom arm of the bank was acquired by HSBC for 1 British pound.

European Union Financial News

popular questions about European Union

What is European Union and why is it important?

Where can I find the latest updates on European Union?

How can I verify the accuracy of information on European Union?