European Union Financial News

10.11 / 01:59

Law regulation Europe European Union Smart Contracts EU backs Data Act with clause to shut off smart contracts

The European Parliament has voted to approve the Data Act — controversial legislation that includes a stipulation necessitating smart contracts have the ability to be terminated.

08.11 / 14:19

business Europe European Union Bankruptcy OPNX gets EU spot crypto trading license in Lithuania

Crypto exchange OPNX has obtained a virtual asset service provider license (VASP) in Lithuania, allowing it to provide spot crypto exchange services throughout the European Union, according to a Nov. 8 announcement seen by Cointelegraph.

08.11 / 14:19

Blockchain Stablecoin regulation Europe European Union Bitcoin EU banking watchdog proposes liquidity rules for stablecoin issuers

The European Banking Authority (EBA) — the European Union’s banking watchdog — has proposed a new set of guidelines for stablecoin issuers that will set minimum capital and liquidity requirements.

08.11 / 10:25

Adoption Robinhood European Union services Robinhood to Launch Crypto Trading Services in EU in the “Coming Weeks”

Robinhood has revealed plans to introduce cryptocurrency trading services in the European Union (EU) in the near future.

01.11 / 10:21

CBDC regulation Europe European Union Euro Survey: 65% of Spaniards aren’t interested in using digital euro

As the Bank of Spain embraces the potential adoption of a digital euro, the country’s population doesn’t appear to have the same strong appetite for the European Central Bank’s digital currency project.

31.10 / 11:35

economics European Union inflation European Central Bank GDP Euro area inflation falls to lowest level in two years as GDP shrinks

The economy of the euro zone shrank by 0.1% in the third quarter, as per initial calculations, falling short of the expected consensus that the GDP would remain stable compared to the previous quarter.

31.10 / 08:25

regulation Europe European Union MICA Spain to implement MiCA six months ahead of July 2026 deadline

The Spanish Ministry of Economy and Digital Transformation reported that the first comprehensive European Union crypto framework, the Markets in Crypto-Assets (MiCA) Act, will come into force on a national level in December 2025.

27.10 / 15:37

Adoption NFT Europe European Union How major German firms like Mercedes and Lufthansa are using NFTs

For the most part, nonfungible tokens (NFTs) have two primary use cases: Buying and selling digital products (digital art, virtual fashion items) and building digital communities (exclusive memberships, access to events).

25.10 / 11:19

CBDC Adoption regulation Europe European Union Euro Bank of Spain Bank of Spain embraces ‘digital euro,’ explains its benefits

Banco de España, Spain’s central bank, has joined a chorus of European banking institutions preparing their customers for the potential benefits of a digital euro. The central bank published a short text on Oct. 19 explaining the nature and uses of the European Union’s potential central bank digital currency (CBDC).

24.10 / 15:43

Health European Union Ukraine war Cinema energy transition Financial FTX co-founder testifies against Sam Bankman-Fried, saying they committed financial crimes

Gary Wang, FTX co-founder, began his testimony against Sam Bankman-Fried on Thursday, alleging that he and his former college roommate and boss committed financial crimes and lied to the public before the cryptocurrency trading platform collapsed last year.

20.10 / 22:07

regulation Europe European Union committee Greece establishes AI advisory committee to create national strategy

Greek Prime Minister Kryiakos Mitsotakis announced the establishment of an advisory committee to create a national strategy for artificial intelligence (AI) in Greece on Oct. 19.

20.10 / 18:09

business Binance Payments VISA Europe European Union Euro Binance shutting down European Visa debit card in December

Binance Visa debit card services will close down in the European Economic Area (EEA) on December 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance accounts will be unaffected.

20.10 / 13:05

regulation European Union MICA European Banking Authority, ESMA issue crypto entity suitability guidelines

The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) jointly released a consultation paper on Oct. 20 featuring two drafts. These drafts encompass the assessment of the suitability of management body members and shareholders or members holding qualifying stakes in issuers of asset-referenced tokens (ARTs) and crypto asset service providers (CASPs).

20.10 / 09:53

CBDC regulation Europe European Union Euro EU data protection regulators urge anonymity for smaller transactions in digital euro

On Oct. 18, the European Data Protection Board and the European Data Protection Supervisor issued a joint statement on regulating a digital euro, as proposed by the European Commission in July 2023. The regulators made several recommendations to enhance the personal data protection standards for the European Union central bank digital currency (CBDC).

20.10 / 04:49

business Binance regulation Europe European Union Euro services Crypto exchange Binance restores euro services after new fiat partners

Crypto exchange Binance has announced it has onboarded new partners to handle euro deposits and withdrawals, months after losing its previous fiat partner PaySafe in September.

19.10 / 19:45

regulation Europe privacy European Union Court US surveillance and facial recognition firm Clearview AI wins GDPR appeal in UK court

U.S. surveillance and facial recognition firm Clearview AI has won a court appeal in the United Kingdom after being accused of alleged infractions related to the U.K’s general data protection regulation (GDPR).

19.10 / 12:39

CBDC Digital Currency regulation Europe European Union Euro ECB officials move to 'preparation phase' for digital euro

The governing council of the European Central Bank (ECB) has announced it will begin the ”preparation phase” for the digital euro project following a two-year investigation.

19.10 / 12:39

CBDC Adoption regulation Europe European Union Euro Finland works on instant payments system, embraces digital euro

The Bank of Finland (BOF) is coordinating the creation of a Finnish instant payment solution compatible with European standards. Tuomas Välimäki, BOF board member and member of the Governing Council of the European Central Bank (ECB), made the announcement on Oct. 19.

18.10 / 19:33

Provident Digital Cooper European Union reports guidelines new cryptocurrency EU Adopts DAC8 – New Cryptocurrency Tax Reporting Rule To Take Effect Soon

European Union (EU) finance ministers approve new regulations requiring cryptocurrency firms to share data on customer cryptocurrency holdings with tax authorities.

18.10 / 09:33

Technology regulation European Union UK to target potential AI threats at planned November summit

The United Kingdom will be hosting the world’s inaugural international summit on artificial intelligence (AI) safety in November 2023. This event seeks to establish the U.K.’s presence as a mediator between the United States, China and the European Union in the critical field of technology post-Brexit.

18.10 / 09:33

regulation Europe European Union Taxes Council of Europe adopts DAC8 crypto tax reporting rule

The eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule, was formally adopted by the Council of the European Union on Oct. 17. The regulation will enter into force after it's published in the Official Journal of the EU.

what you should know about European Union

What is European Union and why is it gaining attention?

European Union is a trending topic that interests a wide audience. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on European Union?

All recent news about European Union can be found in the special selection. We publish information as it becomes available.

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

We use verified data to ensure that the information about European Union is reliable and valuable for our readers.