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ECB sums up digital euro prototyping exercise as it nears possible pilot launch
26.5.2023
The European Central Bank exercise looked at a variety of use cases, most of which were quite satisfactory, as well as the use of self-custodied wallets
EU regulator urges crypto firms to disclose regulatory status of products
26.5.2023
ESMA reminded investment firms that crypto will remain unregulated in most jurisdictions despite the upcoming adoption of regulations
OpenAI warns European officials over upcoming AI regulations
25.5.2023
The CEO of OpenAI, Sam Altman, spoke with European officials in Brussels warning over the ramifications of over-regulation of the AI industry
EU watchdog warns about the risk of a bank run on stablecoins
25.5.2023
The European Systemic Risk Board suggests more disclosures, more monitoring to fight the risks of the crypto market
9 Asian Countries Discuss De-Dollarization Measures in Meeting Hosted by Iran
25.5.2023
Top officials from nine Asian countries, members of the Asian Clearing Union (ACU), have gathered in Tehran for their annual meeting, where de-dollarization takes center stage. In addition to the officials from Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka...
EU Spokesperson: Russian Banks Will Not Be Reconnected to SWIFT Anytime Soon
23.5.2023
The European Union (EU) has no intention of allowing Russian banks to be reconnected to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) banking system anytime soon. Peter Stano, spokesperson for external affairs of the EU, stated that these restrictions can only be lifted...
G7 discusses crypto, supports CBDC — Law Decoded, May 15–22
22.5.2023
The European Council has approved updated rules that extend tax reporting requirements to include transfers of crypto assets
Responsible AI can create policies to help ‘better serve society’
22.5.2023
Sabin Dima, the CEO and founder of Humans.Ai, said that with the right implementation, governments could use AI to enhance public services and policies
BRICS, Eurasian Economic Union, SCO Members Plan to Discuss Forming an Extensive Alliance
20.5.2023
In four days, representatives from the BRICS nations and the Eurasian Economic Union free trade group are set to convene to explore the possibility of integration with the Shanghai Cooperation Organization (SCO), as revealed by a recent russia-briefing.com report. The report emphasizes...
Italy sets aside millions for workers at risk of AI replacement
18.5.2023
Italian officials are setting aside $33 million to enhance the development of digital skills for workers at risk termination due to automation and AI
EU Council Adopts New Rules for Europe’s Crypto Markets
18.5.2023
The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin....
There's a growing case for allowing crypto firms to bypass banks
18.5.2023
Making the European Central Bank accessible to payment companies other than traditional banks would allow users to redeem their stablecoins directly for cash
Updated European tax directive requires reporting on all crypto asset transfers
16.5.2023
DAC8 extends tax reporting procedures to crypto transfers in line with the OECD crypto reporting framework and EU AML rules
Today in Crypto: BlockFi to Liquidate Platform as Selling It Wouldn’t Generate Enough Value, Justin Sun Fires a Round of Accusations at Huobi Founder’s Brother, Digital Yuan Enters Vietnam Border Region
16.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: BlockFi to Liquidate Platform as Selling It Wouldn’t Generate Enough Value, Justin Sun Fires a Round...
EU Council approves MiCA for clear crypto regulation
16.5.2023
European Union Council finance ministers vote to adopt the continent’s Markets in Crypto-Assets legislation following unanimous approval of new legal frameworks
De-Risking or Decoupling? China- US Bilateral Trade Falls More Than 10% This Year
15.5.2023
Analysts have criticized the new ‘de-risking’ strategy that the U.S. is currently using against China, explained by U.S. National Security Advisor Jake Sullivan in April, clarifying that national security was over economic costs. These de-risking policies might affect bilateral trade...
G7 Nations Discuss Countering China’s ‘Economic Coercion’
14.5.2023
The Group of Seven (G7) countries are discussing ways to counter China’s “economic coercion” against other nations, U.S. Treasury Secretary Janet Yellen has shared. Noting that Canada, France, Germany, Italy, Japan, the U.K., and the European Union share similar concerns,...
European Banking Authority May Veto Large Stablecoins During MiCA Approval Process
12.5.2023
The chair of the European Banking Authority (EBA), José Manuel Campa, has argued that central banks should veto stablecoins if they have fears the private, permissionless blockchains and crypto projects could threaten monetary policy.
"Central banks should have the power to veto the widespread...
EU AI Act updated with public facial recognition ban
11.5.2023
Regulators in the EU concluded another round of voting which added a new ban on the public use of biometric surveillance into its forthcoming AI Act
3 takeaways from the European Union's MiCA regulations
11.5.2023
The European Union’s Markets in Crypto-Assets regulation could stifle innovation and increase compliance costs for the crypto industry