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Euro at 25: ECB President Christine Lagarde Calls Euro the ‘World’s Second Most Important Currency’
3.1.2024
The president of the European Central Bank Christine Lagarde and fellow European Union leaders recently hailed the euro for its role in giving the bloc “greater sovereignty in a turbulent world.” The EU leaders added, however, that more still needs to be done if the bloc and...
Report: EU Represents Just 6% of Bitcoin Mining Hashrate, US Significantly Leads China
31.12.2023
The countries in the European Union collectively account for 6% of the Bitcoin network’s hashrate while the U.S. has emerged as the world’s number one bitcoin miner, a new report has said. The economic bloc’s bitcoin mining prospects are however being hamstrung by geopolitical tensions...
New EU Crypto Regulation Allow Governments to Freeze and Seize ‘Unexplained Wealth’ Believed Tied to Crime
26.12.2023
EU has passed expanded powers allowing governments to freeze and confiscate crypto tied to a crime. Image by Vitalii Vodolazskyi, Adobe Stock. European Union officials reached an agreement on December 12 on new crypto regulations that will grant member states expanded powers to freeze...
New EU Sanctions Package Preclude Russians From Owning Crypto Companies
21.12.2023
The European Union said Russian nationals from owning or controlling crypto service providers under the bloc’s twelfth package of restrictive measures against the country. According to the EU, diamonds entering its will now have to be traced from “the mine to the finger” and this...
EU Reveals Details of Russian Sanctions Package in New Q&A, Includes Updated Crypto Provisions
19.12.2023
The European Union (EU) revealed details on their latest package of sanctions against Russia, which includes provisions on crypto, in a newly released Q&A this week. Enacting bans and closing loopholes According to the Q&A posted on the website of the European Commission, the updated...
Former Credit Suisse Executive Launches Crypto Trading Platform for Financial Institutions
14.12.2023
Source: Pixabay A new Zurich-based startup Rulematch is creating a customized crypto trading experience for banks and securities firms. The trading venue is launched by a former Credit Suisse executive David Riegelnig. Rulematch has commenced Bitcoin (BTC) and Ether (ETH) spot trading against...
US-China Rivalry Risks Cold War II, Warns IMF Official
13.12.2023
The International Monetary Fund (IMF)’s first deputy managing director has warned of the risk of Cold War II. Noting that in the Cold War, it was the U.S. and the Soviet Union, the IMF official stressed that now it is the U.S. and China. “If fragmentation deepens, we could find...
BankSocial’s Crypto-Friendly Credit Union, Seagrass & Hashgraph Association’s Carbon Credit Web3 Identity Wallet + More News
11.12.2023
Source: AdobeStock / Andrey Popov Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: BankSocial Plans to Create a Crypto-Friendly Credit Union Seagrass and The Hashgraph Association Announce...
Robinhood Launches Crypto Trading in EU, Aims for Global Accessibility
9.12.2023
Financial services firm Robinhood has announced the launch of crypto trading in the European Union. “Like we did with the stock market, it’s our goal to make crypto more accessible and affordable to everyone, regardless of where they live,” the company explained. Robinhood Expands...
Starfield Testers Had To Unionize To Get A Copy Of The Game
8.12.2023
Microsoft has agreed to add 77 temporary game testers the recently established quality assurance union at ZeniMax Studios. In a breakthrough moment for the industry’s growing labor movement, 23 of the workers will become full-time, while all will get raises and free copies of Starfield,...
Robinhood Launches Commission Free Crypto Trading App in EU
7.12.2023
Source: Adobe Robinhood is expanding its services in the European Union (EU) by launching commission-free crypto trading. The move comes just a week after the company made its international debut with stock-broking services in the UK. The Robinhood app, set to go live on Thursday, will enable...
Binance Backed Crypto Wallet Firm Web3Auth, and Safe Launch SafeAuth
5.12.2023
Source: PexelsWeb3Auth, a wallet-as-a-service infrastructure provider has teamed up with the smart contract-based multi-signature crypto wallet provider Safe (formerly known as Gnosis Safe) to launch “SafeAuth” a service which allows users to create wallets quickly without the need for seed...
Digital Ruble Will Spark Russia’s ‘Biggest Monetary Reforms Since the 1990s’
4.12.2023
Source: Larisa/Adobe The launch of the Russian digital ruble will trigger the nation’s “largest monetary reforms since the 1990s,” a media report has claimed. Per ProGorod, Russia’s CBDC project will be the biggest transformative event in the nation’s economic history since the collapse of...
EU Parliament Tasks Members to Take Leading Role in Metaverse-Tech Implementation
28.11.2023
Source: AdobeStock / Grecaud Paul The European Union (EU) parliament has called on member-states to take the lead in the creation of digital worlds in terms of strategy and technology implementation. In a Nov 29 press release, the body urged relevant parties in the jurisdiction to take charge...
Amnesty International head says AI innovation vs regulation is 'false dichotomy'
28.11.2023
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
Eurasian Economic Union Minister: CBDCs Will Pave the Way for the Launch of a Digital Reserve Currency
27.11.2023
Sergei Glazyev, minister of integration and macroeconomics of the Eurasian Economic Union (EEU), has noted the advancements the adoption of central bank digital currencies (CBDCs) could ostensibly bring to the trading dynamics of the region. According to Glazyev, the launch of several digital...
European Banking Authority Calls for Enhanced Anti-Money Laundering Rules for Crypto Providers – Regulation Incoming?
24.11.2023
Source: AdobeStock / rarrarorro The European Banking Authority (EBA) aims to update the Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) rules for crypto providers. In a consultation paper released on November 24, the banking regulator of the European Union acknowledged...
European regulator: CASPs should work on protocol interoperability, self-hosted wallets
24.11.2023
The European Banking Authority wants to update existing anti-money laundering rules and combat the financing of terrorism for crypto providers
EU tech coalition warns of over-regulating AI before EU AI Act finalization
24.11.2023
A group of 33 businesses and tech companies have signed a joint letter to EU regulators urging them not to over-regulate emerging AI technologies at the cost of innovation
FTX collapse, Binance’s US settlement provides strong case for MiCA regulations
23.11.2023
European Commission policy officer Ivan Keller highlights high profile centralized exchange shortcomings as key reasons for the implementation of MiCA regulations in Europe