Tag "European Union (EU)"

Digital Euro Project Moves to Preparation Phase

Europe’s digital euro project is moving to its next stage of development and entering the preparation phase. This new phase will seek to establish the foundations for the potential issuance of a central bank digital currency (CBDC) with works to

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EU Adopts New Crypto Asset Regulation

The European Union (EU) has taken a significant step in regulating the crypto-assets sector with the Council’s adoption of the Regulation on Markets in Crypto-Assets (MiCA).  This milestone marks the establishment of an EU-level legal framework for the crypto-assets industry,

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ECB Survey: Nearly All EU Banks Have Digital Transformation Strategy in Place

Advancements in technology, rising demand for digital solutions and increased competition have prompted European banking incumbents to undertake digital transformation journeys. To understand the status of banks’ digitalization efforts, the European Central Bank (ECB) launched in 2022 two major initiatives

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EU “Tokenise Europe 2025” Initiative Aims to Boosts Asset Tokenization

A new initiative called Tokenise Europe 2025 is being spearheaded by the European Commission (EC) and the German Banking Association to tap into the potential of asset tokenization and distributed ledger technology (DLT) to strengthen the bloc’s competitiveness and build

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EU Passes Uniform Legal Framework for Crypto-Assets Across the Bloc

The European Union’s (EU) Economic and Monetary Affairs Committee voted 28 to 1 in favour of the Markets in Crypto Assets regulation (MiCA), a uniform legal framework for crypto-assets in the EU. Under the MiCA, entities issuing and trading crypto-assets

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Finax Launches the First Pan-European Pension Product for Digital Nomads

Bratislava-based wealthtech Finax has become the first company to receive a license to offer a pan-European Personal Pension Product (PEPP) to clients in Slovakia. The PEPP is a portable, voluntary personal pension scheme regulated by the European Insurance and Occupational

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EU Plans Digital Identity Scheme for All Bloc’s Citizens, Residents and Businesses

The European Commission (EC) has released a framework for a digital identity scheme for all citizens, residents and businesses in the European Union (EU), allowing anyone in the bloc to prove their identity, share electronic documents and access online services

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EU’s Shareholder Rights Directive II, a Catalyst for Change in the Securities Industry

September 10, 2020 marked the deadline for member states of the European Economic Area (EEA) to implement new measures required by the Shareholder Rights Directive II (SRD II). SRD II, which came into force on June 09, 2017, amends the

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German Ministry of Finance Calls for Blockchain-Based, Digital, Programmable Euro

At a time when China is trialing its own central bank digital currency (CBDC), European leaders must urgently come together and work collectively on the development of a digital, programmable euro, the Fintech Council of the German Federal Ministry of

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European Commission Unveils AI, Data Strategy

In a whitepaper released last month, the European Commission (EC) unveiled its strategy to promote the development of artificial intelligence (AI) in Europe whilst ensuring the respect of fundamental rights. The whitepaper outlines the institution’s plan to develop what it

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