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European Banking Authority, ESMA issue crypto entity suitability guidelines
20.10.2023
The joint guidelines include granting authorization for ART and CASP issuance and conducting prudential assessments for potential acquisitions
EU data protection regulators urge anonymity for smaller transactions in digital euro
20.10.2023
The European Data Protection Board and the European Data Protection Supervisor issued a joint opinion statement on the regulation of “digital euro.”
US surveillance and facial recognition firm Clearview AI wins GDPR appeal in UK court
19.10.2023
According to court documents, the UK commissioner doesn’t have the authority or jurisdiction to cite or fine the “foreign” company for GDPR infractions
Tax Authorities in EU to Share Transaction Data Reported by Crypto Firms
19.10.2023
New EU rules will introduce automated exchange of information on crypto revenues reported by service providers in the sector. A new directive adopted by the Union expands existing registration and reporting obligations as well as cooperation between tax administrations across the bloc. Information...
Finland works on instant payments system, embraces digital euro
19.10.2023
The Bank of Finland actively promotes the development of new forms of payment
ECB officials move to 'preparation phase' for digital euro
18.10.2023
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
EU Adopts DAC8 – New Cryptocurrency Tax Reporting Rule To Take Effect Soon
18.10.2023
European Union (EU) finance ministers approve new regulations requiring cryptocurrency firms to share data on customer cryptocurrency holdings with tax authorities.
On October 17, the EU adopted the Eighth Directive on Administrative Cooperation (DAC8), which is set to go into force in 2024....
Central banks want to look under crypto’s hood — Is this a positive sign?
18.10.2023
The mere fact that the Deutsche Bundesbank, BIS and other financial incumbents want such information now suggests a tacit acceptance of crypto
Council of Europe adopts DAC8 crypto tax reporting rule
18.10.2023
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
18.10.2023
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
17.10.2023
The European Union’s anti-money laundering laws infringe upon personal privacy, and they come with costs that are simply too high
EU Formally Agrees on New Crypto Tax Data Sharing Rules
17.10.2023
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities
The explosive revelations of Caroline Ellison: Law Decoded
16.10.2023
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
16.10.2023
To date, Irish authorities managed to recover approximately 4 million euro of the 20 million euro that were lost in banking scams since January 2023
European regulators assess DeFi risks, Uniswap launches Android wallet: Finance Redefined
13.10.2023
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
11.10.2023
The European Securities and Markets Authority released an article on Decentralized Finance and its risks for the EU Market
Bitstamp Crypto Exchange Seeks Collaboration with European Banks to Boost Crypto Adoption
10.10.2023
The world’s longest-running crypto exchange Bitstamp is in talks with three large European banks about offering crypto services.
The 12-year-old exchange is in talks to help the banks begin offering these services possibly in the first quarter of 2024.
Cryptonews has reached out to Bitstamp...
EU mulls more restrictive regulations for large AI models: Report
9.10.2023
Negotiators in the EU are reportedly considering additional restrictions for large AI models - like OpenAI’s GPT-4- as a component of the forthcoming AI Act
Ukraine rolls out its AI regulation roadmap
9.10.2023
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
6.10.2023
The United Nations’ UNESCO and the Dutch government launched a new project for supervising AI to help create a framework for the wider EU area