Tag: European Union
Apple reportedly set to face €500m penalty in EU antitrust ruling
The European Union’s (EU) legal clash with Apple is set to culminate in a hefty fine for the Silicon Valley giant, in a development...
Newly-proposed cybersecurity rules could affect cloud banking services in the EU
According to new recommendations by the EU Union Agency for Cybersecurity (ENISA), collective cybersecurity across the 12 gold stars requires a regulatory overhaul.
The body...
EU’s MiCA bill vote delayed till April over ‘technical issues’
The European Union’s ground-breaking crypto regulatory bill, the Markets in Crypto Assets (MiCA), vote has been delayed until April.
A source close to the bill...
EU outlines new rules for online credit protection
The Council and the European Parliament reached a provisional agreement on the credit directive to better protect consumers when applying for online credit.
The revised...
Paradox of cash: Prevalence of banknotes leaves EU exposed to fraud...
The European Commission has published its newest evaluation of the financial threats and cyber crime endangering the internal EU market, highlighting that even after...
EU’s Instant Payment Legislation is ‘a milestone for consumers’
In what is being cited as a landmark move for the European payments ecosystem, the EU is implementing new legislation that ensures banks in...
Banks holding crypto could be capped by new EU ruling
The European Parliament is considering a cap on European Union (EU) banks that are holding Bitcoin under new amendments to the financial-services law.
The proposal...
Bank of England calls for tougher crypto restrictions
The Bank of England has called for more stringent restrictions on cryptocurrencies due to the market’s ‘extreme volatility’.
The same sentiment was expressed by its...
European Union planning a ban on interest of stablecoins
Patrick Hansen, Head of Strategy of DeFi-powered firm Unstoppable Finance, has stated that the EU will look to ban interest rates connected with stablecoins.
The...
Joe Biden: ‘Removing Russia from SWIFT is not the route European...
The power struggle over whether to inflict what many are citing as the most impactful economic sanction on Russia, in removing them from the...
