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EU financial chief: Don’t rush digital euro before new Commission in June 2024

[Sep 7, 2023 3:00 AM] Mairead McGuinness believes that the CBDC project should be approached “quietly and slowly” by the next European Commission.

IBM offers guidance for successful implementation of digital euro

[Aug 31, 2023 3:34 PM] Five members of IBM Consulting created a list of points that the European Commission could consider to optimize its proposed digital euro legislation.

MiCA: The good, the bad and the ugly of the EU’s crypto rules

[Aug 30, 2023 1:08 PM] The European Union’s Markets in Crypto-Assets regulatory framework isn’t all good, but it provides a level of clarity foreign to the United States.

Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer

[Aug 29, 2023 3:31 AM] Jacobi FT Wilshire Bitcoin ETF has been defined as an Article 8 fund by its issuer firm.

Google updates service policies to comply with EU regulations

[Aug 28, 2023 7:43 AM] Google and other major platforms on the web will need to update their service policies in order to comply with EU standards in its Digital Services Act by Aug. 28.

Spanish central bank official talks about private payment services in era of digital euro

[Aug 25, 2023 2:23 PM] Banco de España Deputy Gov. Margarita Delgado voiced concern about financial stability issues but painted a rosy picture for nonbank financial service providers.

Spain launches AI regulation agency in bid to become industry leader

[Aug 25, 2023 2:56 AM] Spain has become one of the first countries in the European Union to establish its own task force for regulating Artificial Intelligence on Aug. 22, when the Council of Ministers approved a Royal Decree establishing the new agency.

Ministry of Economic Development of Russia Pessimistic About Quickly Advancing BRICS Common Currency Proposal

[Aug 25, 2023 12:30 AM] The Ministry of Economic Development of Russia does not expect the rapid development of a common currency for the BRICS bloc. Deputy Economic Development Minister Vladimir Ilyichev stated that “quick breakthroughs” on this issue are…

Nobel Laureate Paul Krugman States Argentina Should Adopt the Euro Instead of the US Dollar

[Aug 20, 2023 10:30 PM] Economics Nobel laureate Paul Krugman recently stated that Argentina might be better off adopting the euro instead of the U.S. dollar amidst the devaluation of the Argentine peso. Krugman argued that Argentina has almost twice as much trade with…

From the U.S. to Japan, regulators are beginning to embrace crypto

[Aug 16, 2023 7:01 AM] Switzerland, Singapore and the EU have taken the early regulatory lead, but Japan and the UAE are coming on now. Even the U.S. may be awakening.

Spot Bitcoin ETF approved, but not in the US

[Aug 16, 2023 6:00 AM] This week’s episode of The Market Report discusses the spot Bitcoin ETF that just launched in Europe and why the U.S. still lags behind.

China’s new AI regulations begin to take effect

[Aug 15, 2023 7:16 AM] The Chinese has government loosened its original guidelines for AI it released in April and scheduled them to take effect starting on Aug. 15.

France updates its crypto licensing regime to synchronize with MiCA

[Aug 10, 2023 4:31 AM] The amendments will become obligatory starting Jan. 1, 2024, and must be taken into account in by applicants for enhanced DASP registration.

Crypto asset investment in Latvia declines by 50% over past year, per central bank

[Aug 4, 2023 2:00 PM] According to Latvijas Banka, 4% of the population bought crypto assets in February, down from 8% in 2022, while payments “continue to prevail.”

Agence France-Presse sues Elon Musk and X/Twitter over compensation for news

[Aug 3, 2023 11:08 AM] If the suit is successful, X will have to turn over data in order for AFP to determine how much compensation it will seek.

GitHub, Hugging Face, urge EU to relax open-source AI rules

[Jul 29, 2023 12:03 PM] An open letter calls for a review of the European AI Act, claiming that existing provisions would hinder open source AI development.

German political parties split on how to regulate increasing AI adoption

[Jul 27, 2023 6:01 AM] As the trilogue on the AI Act begins, the European Commission, German politicians, and digital experts express skepticism and make new demands.

Securitize issues tokenized assets in Spain, plans September trading start

[Jul 27, 2023 6:00 AM] The U.S.-based trading platform is set to become the first to issue and trade tokenized assets in both the U.S. and the EU, and will operate under the new DLT pilot regime.

The European Commission’s Web4 strategy might be a flop

[Jul 18, 2023 2:10 PM] There’s a lot of work left to be done on Web 3.0. The European Commission is getting ahead of itself by trying to move to what it calls “Web 4.0.”

Euro stablecoin market set to take off, thanks to real-world uses, regulatory clarity — Circle exec

[Jul 17, 2023 10:36 AM] Circle’s Patrick Hansen provided an overview of the euro-denominated stablecoin market at EthCC: It all looks rosy, he said.

European trade body warns against the exclusion of DeFi from MiCA

[Jul 7, 2023 6:29 AM] The trade body recommended creating a taxonomy for the DeFi ecosystem and a consistent regulatory framework along with different levels of centralization.

EU blockchain sandbox unveils first 20 use cases after wave of applications

[Jul 5, 2023 10:43 AM] According to the European Commission, 20 projects have been selected in the first cohort to receive legal advice and regulatory guidance.

EU finalizes Data Act with a kill switch for smart contracts: Law Decoded, June 27–July 3

[Jul 3, 2023 2:00 PM] European Union lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community.

The EU’s AI regulations sparked a letter signed by 160 tech execs

[Jun 30, 2023 5:53 AM] As the EU works on its upcoming AI bill, executives from 160 companies in the industry drafted an open letter on the implications of too strict regulations.

European Commission aims for universal acceptance with digital euro proposal

[Jun 28, 2023 7:04 AM] With this move, the European Commission aims to open up the payments market controlled by banks, Visa and Mastercard.

EU finalizes controversial smart contract kill switch rules under Data Act

[Jun 28, 2023 4:53 AM] The Data Act was first proposed in early 2022 and passed by the European Parliament on March 14.

Binance Rescinds Decision To Remove Privacy Coins From European Market

[Jun 26, 2023 8:30 AM] Binance has made a decision to reverse its initial plan of delisting certain privacy coins in Europe. This change in course comes after the exchange revised its operations to align with the local regulatory requirements. According to the developers…

Binance reverses decision to delist privacy coins in Europe

[Jun 26, 2023 3:58 AM] Binance said it revised operations to comply with EU standards after carefully considering feedback from the community and several projects.

Issuing digital euro, or ‘Cash+,’ is probably a duty, French central banker says

[Jun 22, 2023 2:15 PM] François Villeroy de Galhau tried to soft sell the proposed euro CBDC to commercial bankers, emphasizing collaboration and the CBDC’s advantages.

Santander, Crédit Agricole asset arm receives French crypto custody license

[Jun 22, 2023 12:00 PM] CACEIS’s registration comes just in time to avoid the bank being subject to France’s new crypto regulations.