Tag "regulation"
Top Trends in Europe’s Digital Finance Landscape
In Europe, digital finance is being driven by the adoption of innovative technologies including artificial intelligence (AI), machine learning (ML), distributed ledger technology (DLT), big data and cloud computing. These technological advancements are presenting both opportunities and challenges, forcing regulatory
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EU Moves Closer to Instant Payment Ubiquity
Europe is undergoing a profound transformation in its instant payment landscape as the bloc strives to become a leader in payment innovation. Recognizing the need for enhanced adoption of real-time payments, regulatory bodies are driving the push for better instant
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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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Regulatory Clarity and Digital Innovation Enable Digital Bond Growth in Switzerland
The Distributed Ledger Technology (DLT) Act of Switzerland has placed the country among the global leaders in digital asset regulations and enabled the development of a rich and diverse ecosystem centered around DLT-based applications and systems. The regulatory clarity provided
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Swiss Central Bank Payment Vision Outlining Focus on DLT, Tokenization and Instant Payments
The Swiss National Bank (SNB) has shared how it intends to “future-proof” the domestic payment ecosystem, outlining its ambition to leverage technologies and processes including tokenization and distributed ledger technology (DLT) to establish an “efficient, reliable and secure ecosystem” that’s
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Finfluencers Come Under Regulatory Scrutiny
Financial influencers, also referred to as finfluencers, are a booming phenomenon on social media platforms and a growing concern for financial regulators. Around the world, governments are mulling on ways to create a regulatory framework for online personalities promoting risky,
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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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Governments, International Bodies Ramp up Crypto Tax Regulations
Over the past year, governments and regulatory bodies from around the world have increased their focus on the taxation of the cryptocurrency industry, a trend that comes on the back of increasing investment, adoption and innovation in the space despite
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Europe’s Forthcoming AI Act Will Have a Wide Reach and Broad Implications
Like the European Union (EU)’s General Data Protection Regulation (GDPR) that entered into force in 2016, the upcoming Artificial Intelligence (AI) Act will have extraterritorial scope and global impact. Considering the AI Act’s broad scope and the financial risks relating
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