4 / 9 Relevant items tagged with #EuropeanUnion

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Finland works on instant payments system, embraces digital euro

[Oct 19, 2023 4:54 AM] The Bank of Finland actively promotes the development of new forms of payment.

ECB officials move to 'preparation phase' for digital euro

[Oct 18, 2023 1:59 PM] Though the issuance of a digital euro is not a certainty, officials with the European Central Bank are moving to next phase of the project.

Central banks want to look under crypto’s hood — Is this a positive sign?

[Oct 18, 2023 7:02 AM] The mere fact that the Deutsche Bundesbank, BIS and other financial incumbents want such information now suggests a tacit acceptance of crypto.

Council of the EU adopts DAC8 crypto tax reporting rule

[Oct 18, 2023 2:50 AM] The eighth iteration of the Directive on Administrative Cooperation was formally adopted by the Council of the European Union.

UK to target potential AI threats at planned November summit

[Oct 18, 2023 2:45 AM] The summit scheduled for Nov. 1–2 will place significant emphasis on the potential existential threat that AI represents, a concern shared by several legislators.

Europe's AML regulations come at a high cost — for your privacy and otherwise

[Oct 17, 2023 2:05 PM] The European Union’s anti-money laundering laws infringe upon personal privacy, and they come with costs that are simply too high.

The explosive revelations of Caroline Ellison: Law Decoded

[Oct 16, 2023 2:30 PM] SBF’s former girlfriend admits to fraud during her time as CEO of Alameda Research.

Scammers prefer banking customers over crypto investors in Ireland: Report

[Oct 16, 2023 4:09 AM] To date, Irish authorities managed to recover approximately 4 million euros of the 20 million euros lost in banking scams since January 2023.

European regulators assess DeFi risks, Uniswap launches Android wallet: Finance Redefined

[Oct 13, 2023 1:25 PM] EU securities regulators have their eyes on DeFi, and the top 100 DeFi tokens had mixed price action over the past week, with most trading in a tight range.

European regulator: DeFi comes with significant risks as well as benefits

[Oct 11, 2023 4:12 AM] The European Securities and Markets Authority released an article on decentralized finance and its risks for the EU market.

EU mulls more restrictive regulations for large AI models: Report

[Oct 9, 2023 4:34 AM] Negotiators in the EU are reportedly considering additional restrictions for large AI models, such as OpenAI’s ChatGPT-4, as a component of its coming AI Act.

Ukraine rolls out its AI regulation roadmap

[Oct 9, 2023 3:41 AM] The roadmap is based on a bottom-up approach that suggests providing businesses with tools to prepare for future requirements before adopting any laws.

UNESCO and Netherlands design AI supervision project for the EU

[Oct 6, 2023 4:27 AM] The United Nations Educational, Scientific and Cultural Organization and the Dutch government launched a new project for supervising AI to help create a framework for the wider EU area.

European regulator publishes second consultation on MiCA

[Oct 6, 2023 2:55 AM] The regulator will publish a final report based on feedback received and submit the draft technical standards to the European Commission by June 2024.

EU to assess export controls on AI tech and semiconductor chips

[Oct 4, 2023 5:19 AM] The European Commission outlined four critical technology areas, including AI technology and semiconductor chips, on which it plans to run assessments to consider export controls.

Head of Portugal Central Bank deems crypto unsustainable, calls for global regulation

[Oct 3, 2023 2:53 AM] Mário Centeno praised the European Union’s first comprehensive crypto framework, MiCA, but insisted on further international consolidation of regulatory efforts.

Georgia preparing limited live CBDC pilot, considering Ripple among tech providers

[Sep 29, 2023 12:50 PM] As the country is considered for EU membership, the digital lari is seen as providing interoperability with a digital euro while preserving monetary freedom.

Gemini to halt operations in the Netherlands by mid-November

[Sep 29, 2023 3:35 AM] The company cites the inability to meet regulators’ requirements but says it intends to return to the Dutch market.

French telecom group invests millions in local AI industry

[Sep 26, 2023 7:30 AM] The French telecom group Iliad revealed it has purchased one of Europe’s most powerful supercomputers and plans to create an AI research lab in Paris, among other developments.

EU Parliament research recommends non-EU nations tighten crypto regulation

[Sep 22, 2023 3:02 AM] Potential implications around financial stability, lower market appeal and mainstream use of stablecoins were the main concerns highlighted by the author of the report.

Binance plans to delist stablecoins in Europe citing MiCA compliance

[Sep 21, 2023 7:52 AM] A Binance executive said the cryptocurrency exchange plans to delist stablecoin in the European market by June 2024 in order to comply with standards laid out by MiCA.

Binance plans to delist stablecoins in Europe citing MiCA compliance

[Sep 21, 2023 7:52 AM] A Binance executive said the cryptocurrency exchange plans to delist stablecoin in the European market by June 2024 in order to comply with standards laid out by MiCA.

International financial group finds gaps in digital euro legislative package

[Sep 20, 2023 3:45 PM] The Institute of International Finance looked at seven areas where digital euro legislation, which is being developed alongside the technology, is lacking.

Latvia central bank opens to fintech with ‘Innovation Hub’

[Sep 19, 2023 7:03 AM] The Bank of Latvia has been quietly stepping up its game in providing assistance to fintech projects while employing the latest emerging technologies internally.

SEC accuses Binance of noncooperation, court unseals case documents: Law Decoded

[Sep 18, 2023 1:05 PM] The legal struggle between the SEC and Binance.US continues, with the company hitting new lows in trading volume.

Malta begins public consultation on revised crypto rules to align with MiCA

[Sep 18, 2023 7:06 AM] Malta has joined France and other EU nations in revising its existing crypto regulatory policies to align with MiCA, which comes into effect in December 2024.

Bosch, EU and blockchain companies to build decentralized IoT: IAA Mobility

[Sep 18, 2023 5:27 AM] Bosch and the Peaq network explain how the future of the Internet of Things and the Economy of Things will come via decentralization and on-chain automation.

EU announces initiative to fast-track supercomputer access for AI startups

[Sep 14, 2023 11:00 AM] European Union President Ursula von der Leyen also called for a global AI governance body during the 2023 State of the Union address.

EU parliament votes overwhelmingly in support of DAC8 crypto tax reporting rule

[Sep 13, 2023 12:09 PM] The measure received 535 votes for with 57 against and 60 abstentions in a plenary session.

Crypto ahead in fintech investments in France and Germany in 2023: Report

[Sep 13, 2023 4:27 AM] Europe experienced a 50% fall in fintech investments in the first half of 2023.