2 / 8 Relevant items tagged with #EuropeanUnion

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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…

Crypto Needs Cohesive Regulation – A Look at Europe’s MiCA

[Jan 24 10:45 AM] From the U.S. to South Asia, jurisdictions are creating a patchwork of crypto regulatory regimes, making international business harder. Europe, with its bloc-wide Markets in Crypto-Assets Regulation (MiCA), is different.

Regulatory Victory: Gemini Receives Digital Asset Service Provider Registration In France

[Jan 17 9:00 PM] Cryptocurrency exchange Gemini, founded by the Winklevoss twins, has been granted crypto registration by the French markets watchdog Autorite des marches financiers (AMF).  According to a recent announcement made by the exchange, this approval…

EU Commission targets X over ‘dissemination of illegal content’

[Dec 18, 2023 10:30 AM] X owner Elon Musk told advertisers to “go f--- yourself” on Nov. 29 after many left the social media platform in response to antisemitic content and a report on hate speech.

CZ must stay, Do Kwon to be extradited: Law Decoded

[Dec 11, 2023 2:00 PM] A Seattle district court ruled out CZ’s departure to the UAE, and the Montenegrin justice minister plans to grant the United States request for Do Kwon’s extradition.

French startup Mistral AI closes $415M funding round

[Dec 11, 2023 7:08 AM] The French artificial intelligence startup Mistral AI closed a funding round worth around $415 million as it strives to be the EU’s rival to OpenAI.

EU officials reach 'historic' AI regulation deal

[Dec 9, 2023 2:46 AM] The agreement mandates models like ChatGPT and general AI to follow transparency rules before market entry.

Robinhood launches crypto trading services in Europe

[Dec 7, 2023 3:58 AM] All eligible customers in the EU region can access Robinhood crypto for crypto trading services, with over 25 cryptocurrencies available for trade.

France’s third-largest bank, Société Générale, launches euro pegged stablecoin

[Dec 6, 2023 1:57 AM] The euro-pegged stablecoin will be the first of its kind in the region and will be available to the bank’s wide customer base for trading use.

Amnesty International head says AI innovation vs. regulation is ‘false dichotomy’

[Nov 28, 2023 3:16 AM] Amnesty’s secretary-general said the EU has a chance to lead with new AI regulations and member states shouldn’t “undermine” the forthcoming AI Act.