2 / 9 Relevant items tagged with #EuropeanUnion

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SEC drops investigation into Ethereum: Law Decoded

[Jun 24 1:02 PM] A letter from Consensys states that the SEC’s approval of spot Ether exchange-traded funds indicated that it had “updated its position to classify ETH as a commodity and not a security,” but not everyone agrees.

European Central Bank releases first CBDC progress update

[Jun 24 12:10 PM] The ECB promised pseudonymization and independent audits of the CBDC system to calm consumer fears of tracking.

Italian gov’t to ramp up surveillance of crypto market

[Jun 20 12:00 PM] The latest draft policy stipulated fines between 5,000 and 5 million euros ($5,400–$5.4 million) for market manipulation and other financial crimes.

Uphold to delist USDT and 5 stablecoins by July 1, citing MiCA

[Jun 18 1:13 AM] Apart from Uphold, other major crypto exchanges, including Binance, Kraken and OKX, also tweaked their stablecoin listing policies to comply with MiCA regulations.

Europe’s crypto industry can ‘sleep better at night’ with new parliament

[Jun 16 8:19 AM] The European elections have formed a new EU Parliament that will rule for the next five years.

EU elections 2024: Pro-crypto parties pick up seats amid Green losses

[Jun 11 7:31 AM] The European elections have caused a stir, but several pro-crypto or crypto-supportive parties have gained seats.

Can Bitcoin close above $70K amid strong labor market?

[Jun 7 7:23 AM] Stronger-than-expected employment data could put more downward pressure on Bitcoin price. Are ETF inflows enough to get a weekly BTC close above $70,000?

Meta faces backlash in EU for AI data usage without user consent

[Jun 6 4:58 AM] The complaints claimed that Meta’s recent privacy policy changes would allow the company to utilize years of personal posts, private images and online tracking data for its AI technology.

EU elections 'wildcard' could pave the way for first Ether ETF

[Jun 3 4:59 AM] The outcome of the elections will be a pivotal moment for the implementation of the MiCA regulatory framework and the approval of the first spot Ether ETF.

ESMA labels MEV as 'market abuse’ in latest consultation paper

[May 28 10:47 AM] The European Union's Securities and Markets Authority has recommended treating miner-extracted value (MEV) as a form of market abuse under the MiCA regulatory framework.

Worldcoin faces bans worldwide amid increasing privacy fears

[May 27 7:26 AM] Regulators across the world are banning Worldcoin, which collects biometric data for a small payment of its native cryptocurrency.

EU Commission urged to prepare for blockchain and AI integration

[May 27 1:44 AM] Decentralized AI networks, enhancement of smart contracts and emerging DeFi protocols are some of the upcoming trends in blockchain, according to EUBOF.

EU says ChatGPT outputs too much false information to comply with rules

[May 24 1:55 PM] While the assessment remains ongoing, OpenAI appears to have made little in the way of progress since 2023.

Microsoft faces multi-billion dollar fine in EU over Bing AI

[May 18 2:01 PM] The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27.

Kraken considers dropping USDT in Europe ahead of new regulations

[May 17 11:11 AM] With new regulations in Europe set to enforce strict limits on transactions and reserve requirements, Kraken is assessing its stablecoins listing.

DeFi may struggle to stay decentralized after new EU law

[May 14 7:08 AM] DeFi’s exemption from MiCA regulation may fade as an update targets protocols with centralized components. The sector could split between hybrid and DeFi models.

Blockchain adoption in healthcare faces serious obstacles in Germany

[May 12 3:01 PM] Blockchain technology could enhance healthcare digitalization, but privacy concerns are hampering adoption.

EU Regulator Considers Crypto Inclusion in €12 Trillion UCITS Funds

[May 9 10:16 AM] The European Securities and Markets Authority (ESMA) has initiated a call for evidence to explore the potential inclusion of new assets, including cryptocurrencies, in UCITS funds, which represent a major share of EU retail investments. UCITS, an…

EU Regulator Considers Approving Bitcoin for UCITS Products

[May 9 6:51 AM] The European Securities and Markets Authority (ESMA), the EU's financial watchdog, is reviewing whether to allow Bitcoin into the region's €12 trillion mutual fund market.JUST IN: EU Securities Authority is exploring adding #Bitcoin and Crypto

EU seeks stakeholder opinions on adding crypto to 12T euro investment market

[May 9 4:28 AM] If approved, the EU’s UCITS funds would make way for crypto assets to gain exposure to a 12 trillion euro investment product market.

EU crypto regulations undermined by lack of enforcement, say observers

[May 7 9:44 AM] The European Union’s Markets in Crypto-Assets Regulation is being phased in, but regulators have reportedly been inconsistent in enforcing existing laws.

Central banks must revise business model, embrace CBDCs — ECB member

[May 6 3:10 PM] Bundesbank’s president Joachim Nagel urged central banks to revamp their business models and adopt digital currencies during the BIS Innovation Summit.

Binance sued in Canada, CZ could serve 36 months in prison: Law Decoded

[Apr 29 1:05 PM] Cryptocurrency exchange Binance is under legal pressure in Canada and the Philippines, while U.S. prosecutors are demanding 36 months in prison for Changpeng Zhao.

OpenAI hit with privacy complaint in Austria, potential EU law breach

[Apr 29 1:36 AM] Austrian data rights group Noyb filed a privacy complaint against OpenAI, accusing its ChatGPT of providing false information and potentially breaching EU privacy regulations.

Here’s How EU Nations Are Preparing to Enforce MiCA

[Apr 29 12:00 AM] With MiCA stablecoin rules taking effect in June, CoinDesk reached out to regulators in all 27 EU member states to show where countries are at with implementation.

Europe needs ‘Airbus for the metaverse’ to become global Web4 leader

[Apr 28 11:09 AM] Analysts from the London School of Economics and Political Science say a pan-European industrial cluster is necessary for the EU to compete in Web4.

EU DeFi regulations set to welcome big banks, challenge crypto natives

[Apr 26 2:26 PM] New rules under the MiCA framework may encourage big banks to enter the DeFi space, potentially complicating compliance for native crypto projects.

EU touts health benefits for children in the metaverse despite risks

[Apr 26 10:03 AM] The European Union’s in-house think tanks says the metaverse can help children heal from diseases.

EU Parliament Adopts AML Laws Regulating Bitcoin Based On Questionable Assumptions

[Apr 26 10:03 AM] The European Parliament adopted a new AML law package which increases the reporting requirements of crypto asset service providers (CASPs) when sending and receiving ‘anonymous’ payments between self-hosted wallets and custodial service providers…

EU Anti-Money Laundering Laws Ban Provision of Services for Anonymous Cryptocurrency Accounts

[Mar 24 4:30 AM] A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for the “prevention of the use of the…