European Union Financial News

23.08 / 13:57

Law Adoption regulation Europe European Union Smart Contracts EU Data Act smart contract ‘kill switch’ brings uncertainty

On June 28, the European Council and Parliament achieved a political consensus on the Data Act, which moves the legislation regarding non-personal data closer to fruition.

16.08 / 13:15

Adoption Europe European Union From the U.S. to Japan, regulators are beginning to embrace crypto

When it comes to cryptocurrency/blockchain regulation, considerable attention has been focused, this past year, on the United States' action (or inaction). But the U.S. is not the world, just one important player, and crypto, from its beginnings, has been a global enterprise.

16.08 / 12:05

Adoption ETF SEC Europe European Union Bitcoin spot bitcoin approved NOT Spot Bitcoin ETF approved, but not in the US

In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman discusses the first spot Bitcoin exchange-traded fund (ETF) approved in the European Union, which went live on the Euronext Amsterdam exchange on Aug. 15. Despite the seemingly unconventional choice of the Guernsey regulator for its constitution, the fund’s listing on Euronext suggests a strategic maneuver, though its meager 1 million euro launch and unfamiliar management casts a shadow over its appeal.

15.08 / 13:29

Law regulation European Union China’s new AI regulations begin to take effect

China’s provisional guidelines for artificial intelligence (AI) activity and management in the country are scheduled to come into effect on Aug. 15.

10.08 / 10:37

Adoption regulation Europe European Union MICA Updates France updates its crypto licensing regime to synchronize with MiCA

In France, amendments to the existing crypto regime will come into effect in next year to align national regulations with the pan-European framework, set by Markets in Crypto Assets act (MiCA).

04.08 / 21:17

Adoption Europe European Union retail Digital Asset Euro Crypto asset investment in Latvia declines by 50% over past year, per central bank

The number of people buying crypto assets in Latvia is declining, Latvijas Banka said in its 2023 “Financial Stability Report."

03.08 / 17:51

business Twitter Social Media European Union compensation elon Agence France-Presse sues Elon Musk and X/Twitter over compensation for news

Agence France-Presse (AFP) announced a lawsuit against X, the company formerly known as Twitter, on Aug. 2, citing Europe’s “neighboring rights” legislation.

29.07 / 19:05

business regulation Europe European Union open GitHub, Hugging Face, urge EU to relax open-source AI rules

An open letter from GitHub, Hugging Face, Creative Commons and other tech firms are calling the European Union to ease upcoming rules for open-source artificial intelligence models.

27.07 / 12:09

Law Adoption Europe privacy European Union German political parties split on how to regulate increasing AI adoption

In April 2021, the European Commission presented its proposal for harmonized rules on artificial intelligence (AI), dubbed the Artificial Intelligence Act (AI Act). After the Council of the European Union and the European Parliament finalized their positions in December 2022 and June 2023, the legislative institutions entered a trilogue on the upcoming AI regulation.

27.07 / 12:09

Blockchain Europe Tokens European Union Digital Asset Securitize issues tokenized assets in Spain, plans September trading start

Digital asset trading platform Securitize has begun tokenizing equity in the Spanish real estate investment trust Mancipi Partners, it announced on June 27. The firm expects to launch secondary trading on the Avalanche blockchain in September.

18.07 / 20:23

Law regulation Europe Analysis European Union Opinion Bitcoin Regulation The EU Commission’s strategy on Web4 is a flop

On July 11, the European Commission formally adopted its new strategy on Web4 and virtual worlds with the aim of ensuring “an open, secure, trustworthy, fair and inclusive digital environment” for European Union citizens. The strategy is based on four main pillars, revolving around the empowerment of human resources, support of businesses, further development of public services, and shaping of global standards for “Web 4.0” — a freshly coined term that attempts to preempt the next technological wave.

18.07 / 14:27

Adoption regulation Europe European Union Metaverse European Commission strategies EU stays on top of Web3 with metaverse, AI and crypto strategies

The European Union has been vocal about its place in the rapidly expanding ecosystem of emerging technologies.

17.07 / 17:27

Stablecoin Adoption Conference Europe European Union Circle Euro regulatory Euro stablecoin market set to take off, thanks to real-world uses, regulatory clarity — Circle exec

The future is bright for euro-denominated stablecoins, according to Patrick Hansen, European Union strategy and policy director at Circle. The United States dollar may preserve its first-mover advantage, but euro stablecoins will see increasing real-world use cases emerge to lift them above their current meager market share, Hansen said at EthCC in Paris.

12.07 / 14:11

cryptocurrency SEC Europe Gaming European Union EU ‘Understands the Benefits of Having One Crypto Market’, Says Blocktrade CEO Christian Niedermüller

The EU's comprehensive work on regulating the industry will provide numerous benefits to crypto companies and their customers, argued Christian Niedermüller, CEO of the fully regulated crypto platform Blocktrade, in an interview with Cryptonews.

12.07 / 03:01

Adoption regulation Europe European Union virtual reality Metaverse augmented reality ‘Extended reality’ to create 860K jobs by 2025: EU Commission

The European Commission has tipped “extended reality” — technology that enables people to interact with virtual worlds — will create as many as 860,000 jobs in Europe by 2025.

10.07 / 14:45

Adoption Europe European Union Asia Regulation, User Trust, and Tech Constraints Stand in the Way of Mass Crypto (Banking) Adoption, Says Brighty’s CTO Nikolay Denisenko

In an interview with Cryptonews, Nikolay Denisenko, the co-founder and CTO of mobile digital finance Brighty app and former Lead Backend Engineer at neobank Revolut, spoke of the major challenges crypto companies face when moving into neobanking.

10.07 / 04:57

Stablecoin Adoption regulation Europe Tether European Union Usd Coin Lawyers MiCA's stablecoin transaction cap stifles crypto adoption, say lawyers

Stablecoin use could be "stifled" by daily transaction caps in the European Union's Markets in Crypto-Assets (MiCA) legislation, with some calling for the framework to be revised.

07.07 / 12:51

defi regulation Europe European Union Bitcoin Regulation MICA European trade body warns against the exclusion of DeFi from MiCA

The Association for Financial Markets in Europe (ASME), an industry advocacy group that represents wholesale market participants in Europe, called for the inclusion of the decentralized finance (DeFi) sector within the recently passed markets in crypto assets (MiCA) regulations.

05.07 / 17:51

Blockchain regulation Europe European Union European Commission EU blockchain sandbox unveils first 20 use cases after wave of applications

The first batch of blockchain use cases to debut in Europe's regulatory sandbox was formally introduced on July 3, following a long wait and nearly 90 applications received in April. First disclosed in 2020, the initiative aims to bridge the regulatory gap between European nations and crypto companies.

04.07 / 13:23

CBDC Adoption Europe JPMorgan European Union banking Crypto Will Benefit from Bank-Issued Stablecoins, aka Deposit Tokens, Says DAAA’s Bernard Blaha

In an interview with Cryptonews, Bernhard Blaha, co-founder of the Austrian Digital Asset Association (DAAA) and CEO of decentrally governed organization (DGO) The People's SCE, discussed the new type of digital coin: deposit tokens.

03.07 / 20:11

CBDC regulation SEC Europe coinbase European Union EU finalizes Data Act with a kill switch for smart contracts: Law Decoded, June 27–July 3

European Union (EU) lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The act, aimed at encouraging greater use of data resources to train algorithms, would update the EU’s rules on smart contracts to include a kill switch option that would allow them to be safely terminated. Obviously, this contradicts the fundamental idea of trust in smart contracts.

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