European Union Financial News

21.09 / 16:25

Stablecoin Binance regulation Europe European Union MICA compliance Binance plans to delist stablecoins in Europe, citing MiCA compliance

An executive at cryptocurrency exchange Binance said in a public hearing with the European Banking Authority (EBA) that it plans to delist stablecoins for the European market by June 2024.

21.09 / 15:03

Stablecoin Binance regulation Europe European Union MICA compliance Binance plans to delist stablecoins in Europe citing MiCA compliance

An executive at the cryptocurrency exchange Binance said in a public hearing with the European Banking Authority (EBA) that it plans to delist stablecoins for the European market by June 2024.

20.09 / 21:59

CBDC regulation Europe European Union Euro International Financial International financial group finds gaps in digital euro legislative package

The Institute of International Finance (IIF) has published an assessment of the European Commission’s proposed legislation on the digital euro. It gave the bill middling marks.

19.09 / 15:15

European Union industry ESG Investment Association SFDR Investment Association calls on EU policymakers to prioritise review of SFDR rules

The IA represents 250 investment management firms, which manage €3.2trn on behalf of European clients | Credit: iStock

19.09 / 13:37

Technology Adoption regulation Europe European Union Central Bank Latvia central bank opens to fintech with ‘Innovation Hub’

Fintech innovations and emerging technologies have swept the world, causing global lawmakers to rush to understand and regulate them.

19.09 / 04:11

European Union MICA consultation open Malta Embraces EU's MICA Regulations: Public Consultation Open Until Sept. 29

On Sept. 18, Malta's Financial Services Authority (MFSA) initiated a public consultation to harmonize its crypto regulations with Europe's Markets in Crypto-Assets (MICA) regulations, slated to become effective in December 2024.

18.09 / 19:59

CBDC Binance regulation SEC Europe European Union SEC accuses Binance of noncooperation, court unseals case documents: Law Decoded

The legal struggle between crypto exchange Binance and the United States Securities Exchange Commission (SEC) continues. The SEC has accused Binance.US of noncooperation in the ongoing investigation. The agency points out that Binance.US’s holding company, BAM, has produced only 220 documents during the discovery process. Many of those materials “consist of unintelligible screenshots and documents without dates or signatures,” the SEC said. The regulator added that BAM has refused to produce essential witnesses for deposition, instead agreeing only to four depositions of witnesses it has unilaterally deemed appropriate.

18.09 / 13:19

business Blockchain regulation Europe European Union Bitcoin consultation crypto rules Malta begins public consultation on revised crypto rules to align with MiCA

Malta’s Financial Services Authority (MFSA) has begun public consultation over changes in its crypto regulations in order to align with Europe’s Markets in Crypto-Assets (MICA) regulations set to take effect in December 2024. The public consultation period is open until Sept. 29.

18.09 / 11:41

Blockchain Adoption Europe European Union Decentralization Internet of Things IoT Bosch, EU and blockchain companies to build decentralized IoT: IAA Mobility

The engineering and technology company Bosch is at the head of a forthcoming, blockchain-based digital mobility project with backing from the German government, which was demoed live at IAA Mobility 2023 in Munich, Germany.

14.09 / 17:07

Government regulation Europe European Union EU announces initiative to fast-track supercomputer access for AI startups

European Union president Ursula von der Leyen announced a new initiative to give artificial intelligence (AI) startups expedited access to European supercomputers.

13.09 / 18:31

regulation European Union Taxes Support EU parliament votes overwhelmingly in support of DAC8 crypto tax reporting rule

Lawmakers in the European Parliament voted overwhelmingly in support of the eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule, in a plenary session on Sept. 13.

13.09 / 10:39

markets business Blockchain Adoption Europe European Union shares Crypto ahead in fintech investments in France and Germany in 2023: Report

In the midst of the global fintech market downturn, the crypto and blockchain sector managed to become a leader in investments in a number of major European markets.

07.09 / 09:07

CBDC Adoption regulation Europe European Union 2024 Financial EU financial chief: Don't rush digital euro before new EU Comission in June 2024

The European Union's financial services chief, Mairead McGuinness, believes there’s no reason to rush with the digital euro until after the next European elections in June 2024. In her opinion, the EU’s central bank digital currency (CBDC) project should be approached “quietly and slowly” by the next EU Commission, which will be appointed by the then-incoming parliament.

05.09 / 10:31

Ethereum defi European Union community ETH Warsaw Sparks Poland's Rise as the Premier EU Blockchain Hub

The European Union seems to have gotten its blockchain king - Poland - judging by the overwhelmingly positive feedback from the attendees of ETH Warsaw.

31.08 / 23:41

CBDC Adoption Digital Currency Europe European Union digital euro guidance IBM offers guidance for successful implementation of digital euro

IBM has some ideas about what it will take to make the digital euro a success, which it shared in a recent blog post. It suggested five items for designers to help the European Central Bank (ECB) digital currency “enter the highly competitive, multifaceted, and heterogeneous payments landscape in the Eurozone.”

30.08 / 20:05

Government Law regulation Europe Analysis European Union Opinion crypto rules MiCA: The good, the bad and the ugly of the EU’s crypto rules

While United States regulators such as Securities and Exchange Commission Chair Gary Gensler make bad-faith claims that “there’s been clarity for years” when it comes to cryptocurrency, the European Union took real action in April when it passed the Markets in Crypto-Assets (MiCA) regulatory framework. While imperfect, it was a crucial move in the right direction for our industry and a signal to the U.S. that it will be left behind if it continues to stand still and rely on antiquated regulations.

29.08 / 10:07

Adoption ETF Europe European Union ESG Bitcoin spot bitcoin Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer

The first-ever spot Bitcoin exchange-traded fund (ETF) launched on the European market has been classed as an Article 8 fund by its issuer firm, London-based Jacobi Asset Management. Funds included under Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) are those that “promote environmental and/or social characteristics.”

28.08 / 14:21

business Twitter Europe Google privacy European Union data Updates Google updates service policies to comply with EU regulations

Google plans to update some of its service policies in order to comply with the European Digital Services Act (DSA) according to a blog post on Aug. 24.

25.08 / 20:37

Adoption Payments Europe European Union ECB Euro digital euro services Spanish central bank official talks about private payment services in era of digital euro

Deputy governor of the Bank of Spain Margarita Delgado spoke to university students and others about the introduction of the digital euro in Pamplona on Aug. 25. Looking into a future through the lens of the recent European Commission’s recently proposed digital euro legislative plan, she spoke at length about how private payment solutions will interact with the digital euro and its infrastructure.

25.08 / 10:05

regulation Europe European Union Agency Spain launches AI regulation agency in bid to become industry leader

Spain became one of the first countries in the European Union to establish its own task force for regulating Artificial Intelligence (AI). The Spanish Agency for the Supervision of Artificial Intelligence (AESIA) should guarantee, along with the national digital strategy, that the AI development in the country will be "inclusive, sustainable, and citizen-centered."

25.08 / 09:05

cryptocurrency European Union Research Cryptoassets increase risk in developing economies, study says

developing economies, according to a paper from the Bank for International Settlements. «Cryptoassets hold out the illusory appeal of being a simple and quick solution for financial challenges» especially in emerging markets, but «have so far not reduced but rather amplified the financial risks in less developed economies,» the BIS report showed. The report looks at what would happen if crypto and traditional financial markets become more integrated in the future, with a focus on possible financial stability risks as cryptoassets «should be assessed from a risk and regulatory perspective like all other assets.» The risks are multi-fold, with cryptoasset vulnerabilities stemming from the nature, structure, composition and function of those markets.

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