European Union Financial News

16.10 / 21:01

regulation SEC Europe IRS European Union Court The explosive revelations of Caroline Ellison: Law Decoded

Last week, the FTX court saga had elements of a TV drama, with Sam “SBF” Bankman-Fried’s former business associate and girlfriend, Caroline Ellison, sharing some shocking stories about SBF’s rule over the company. Ellison admitted to fraud during her time as CEO at Alameda under Bankman-Fried’s direction. However, she blamed the misuse of FTX user funds directly on SBF, claiming he “set up the systems” that led to Alameda taking roughly $14 billion from the exchange.

16.10 / 16:39

Disney European Union CLIMATE CRISIS Obituary World's largest crypto exchange Binance sells Russian business

Binance, the world's largest cryptocurrency exchange, has announced its exit from the Russian market, selling its business in the country to CommEX, a newly launched exchange.

16.10 / 11:21

Adoption regulation Scams European Union Banks banking Customers Scammers prefer banking customers over crypto investors in Ireland: Report

Fraudsters in Ireland prefer targeting traditional banking customers instead of cryptocurrency investors amid a two-year-long bear market.

13.10 / 20:17

Blockchain defi hacks Europe European Union Uniswap European regulators assess DeFi risks, Uniswap launches Android wallet: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

12.10 / 04:15

defi Europe European Union Decentralized finance yet to pose ‘meaningful risk’ to stability — EU regulator

Decentralized finance (DeFi) is yet to pose a meaningful risk to overall financial stability but does require monitoring, according to the European Union’s financial markets and securities regulator.

11.10 / 10:35

defi regulation Europe European Union ESMA European regulator: DeFi comes with significant risks as well as benefits

The European Securities and Markets Authority (ESMA), the European Union’s markets regulator, released an article on Decentralized Finance (DeFi) and its risks for the EU Market on Oct. 11.

10.10 / 15:07

Europe European Union banking BitStamp MICA Bitstamp Crypto Exchange Seeks Collaboration with European Banks to Boost Crypto Adoption

The world’s longest-running crypto exchange Bitstamp is in talks with three large European banks about offering crypto services.

09.10 / 11:47

regulation Europe Google European Union Meta OpenAI EU mulls more restrictive regulations for large AI models: Report

Representatives in the European Union are reportedly negotiating a plan for additional regulations on the largest artificial intelligence (AI) systems, according to a report from Bloomberg.

09.10 / 11:47

regulation Europe European Union Ukraine rolls out AI regulation roadmap

Ukraine’s Ministry of Digital Transformation presented its regulatory roadmap for artificial intelligence (AI) on Oct. 7. The roadmap was published on the ministry’s website and states that it aims to help local companies prepare for adopting a law analogous to the European Union’s AI Act. It also seeks to educate citizens on protecting themselves from AI risks.

06.10 / 10:53

regulation Europe European Union United Nations UNESCO and Netherlands design AI supervision project for the EU

The United Nations and the Dutch government announced plans for the creation of a framework for the ethical supervision of artificial intelligence (AI).

06.10 / 09:17

regulation Europe European Union MICA ESMA consultation European regulator publishes second consultation on MiCA

The European Securities and Markets Authority (ESMA), the European Union’s markets regulator, released a second consultative paper on Markets in Crypto-Assets (MiCA) mandates on Oct. 5.

05.10 / 07:35

economics European Union inflation Bank of England UK BoE's Andrew Bailey: Brexit has 'created opportunities' despite short-term negative impact - reports

Bank of England governor Andrew Bailey (pictured) credit: Bank of England

04.10 / 12:41

Technology regulation Europe European Union Quantum Computing EU to assess export controls on AI tech and semiconductor chips

The European Commission is conducting risk assessments and considering export controls on “critical technology areas,” including artificial intelligence (AI) and semiconductor technologies, according to a press release from the ommission.

04.10 / 12:41

Government Blockchain regulation Europe European Union BIS Bitcoin BIS, EU central banks building data platform to track crypto, DeFi flows

The Bank for International Settlements (BIS) has developed a proof-of-concept (PoC) for a system tracking on-chain and off-chain transactions from cryptocurrency exchanges and public blockchains, including Bitcoin.

03.10 / 10:51

regulation European Union MICA Unsustainable Head of Portugal central bank deems crypto unsustainable, calls for global regulation

Mário Centeno, the governor of Banco de Portugal, joins a chorus of regulators claiming that national efforts to oversee crypto wouldn’t work correctly without a global framework.

29.09 / 19:15

CBDC Adoption Digital Currency Europe European Union Euro Georgia preparing limited live CBDC pilot, considering Ripple among tech providers

The National Bank of Georgia (NBG) has announced that it will advance its research on a digital lari central bank digital currency (CBDC) in a limited-access live pilot environment. Nine companies, including Ripple Labs, will take part in the project, and one of them will be selected to move forward to the next stage of testing.

29.09 / 10:19

regulation Europe Gemini European Union MICA Gemini to halt operations in the Netherlands by mid-November

New York-headquartered crypto exchange Gemini has decided to quit the Netherlands, following in the footsteps of crypto giant Binance. The company cites its inability to meet regulators’ requirements but says it intends to return to the Dutch market.

28.09 / 13:47

European Union European Commission European Commission Initiates €800,000 Study to Address Crypto's Environmental Impact

On Tuesday, the European Commission awarded an 800,000 euro ($842,000) contract as part of its efforts to address the environmental impact of cryptocurrencies.

26.09 / 18:54

Blockchain Ethereum Stablecoin defi Europe European Union Euro Circle launches native euro stablecoin on Stellar

Stablecoin issuer Circle has launched a Stellar network version of its euro-backed stablecoin, EURC, according to a Sept. 26 announcement. EURC was previously only available on the Ethereum and Avalanche networks.

26.09 / 14:37

business Investments Europe European Union French telecom group invests millions in local AI industry

The French telecommunications group Iliad announced on Sept. 26 that it has plans to invest millions to build up the local French artificial intelligence (AI) industry.

22.09 / 11:39

Adoption regulation Europe European Union global crypto community EU Parliament research recommends non-EU nations tighten crypto regulation

The European Parliamentary Research Service (EPRS) highlighted the need for tighter oversight from non-European Union regulators to ensure greater stability and development in the global cryptocurrency market.

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