Tag "regulation"

Switzerland and Estonia Among Europe’s Most Advanced Blockchain Ecosystems

In Europe, Switzerland, Estonia, Malta and Cyprus have the most advanced and mature blockchain ecosystems with well-developed startup scenes and high levels of regulatory maturity, a paper by the EU Blockchain Observatory and Forum says. More specifically, the European Commission

Read More

EU Consumers Uncomfortable Sharing their Data, Finds New Open Banking Survey

European consumers still have reservations about open banking offerings despite the entry into force of the Revised Payment Services Directive (PSD2) and efforts from governments to promote fintech and open banking, according to a new survey by PwC’s Strategy&. The

Read More

Portugal’s Fintech Industry Continues to Grow and Mature on the Back of Favorable Regulation

Portugal’s fintech ecosystem continued to grow and mature in 2020 with several new developments including the establishment of fintech hub Fintech House as well as the release of the framework for a regulatory sandbox. Committed to supporting the development of

Read More

A COVID-19 Regulatory Guide for Financial Institutions in Europe

Amid the COVID-19 pandemic, regulators across Europe have put in place various measures to ensure continuity and sustainability of the financial sector. In a new guide released earlier this month, international law firm Baker McKenzie provides information on key policies

Read More

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

Read More

Coordinated Stablecoin EU Approach / Switzerland Rejects Cryptofranc Proposal

The European Council and Commission have issued a joint statement in which the two bodies call for a “coordinated approach” in regulating crypto-assets. The statement puts a focus on so-called stablecoins which, given their global nature, pose multifaceted challenges and

Read More

Libra: Despite Claims, Facebook Has Yet To Contact Swiss Data Protection Authority

During a hearing in the US Senate, David Marcus, the head of Facebook’s digital currency project Libra, said that Swiss authorities will be overseeing data and privacy protections for its Libra cryptocurrency. But a spokesperson for the Federal Data Protection

Read More

Fintech Infographic of the Week: The World of Regtech

Regulatory technology, or regtech, is an emerging field within the fintech industry that utilizes information technology to enhance and streamline regulatory processes. The main functions of regtech are regulatory monitoring, reporting and compliance, with companies in the space using technologies

Read More

EU Calls for a European Blockchain Infrastructure

The blockchain ecosystem has been steadily maturing over the past several years and projects are getting both larger and closer to going live, or have already done so. 2019 is set to witness several large platforms attract significant user bases,

Read More

Alipay Accelerates EU Expansion with New Luxembourg E-Money License

Alipay, the mobile and digital payments platform of Ant Financial, Alibaba’s financial affiliate, has been granted an electronic money license in Luxembourg as the service accelerates its expansion across Europe. The launch of the new Luxembourg licensed entity, Alipay (Europe)

Read More