EU officials sign Markets in Crypto-Assets framework into law
First introduced in 2020, MiCA aims to create a consistent regulatory framework for crypto assets among the European Union member states.
Category Archives: european union
EU, US should push for AI code of conduct: EU tech chief
The EU tech chief spoke to members of the EU-U.S. Trade and Technology Council about the need for a voluntary code of conduct prior to the forthcoming laws.
The EU is watching your wallet, but it still beats the US for crypto
Europe is requiring crypto wallet providers to track every move you make, but companies should still consider the region for its regulatory clarity.
ECB sums up digital euro prototyping exercise as it nears possible pilot launch
The European Central Bank exercise looked at a variety of use cases, most of which were quite satisfactory, as well as the use of self-custodied wallets.
OpenAI warns European officials over upcoming AI regulations
The CEO of OpenAI, Sam Altman, spoke with European officials in Brussels warning over the ramifications of over-regulation of the AI industry.
EU watchdog warns about the risk of a bank run on stablecoins
The European Systemic Risk Board suggests more disclosures, more monitoring to fight the risks of the crypto market.
Italy sets aside millions for workers at risk of AI replacement
Italian officials are setting aside $33 million to enhance the development of digital skills for workers at risk termination due to automation and AI.
There’s a growing case for allowing crypto firms to bypass banks
Making the European Central Bank accessible to payment companies other than traditional banks would allow users to redeem their stablecoins directly for cash.
Updated European tax directive requires reporting on all crypto asset transfers
DAC8 extends tax reporting procedures to crypto transfers in line with the OECD crypto reporting framework and EU AML rules.
EU draft AI Act updated with public facial recognition ban
Regulators in the EU concluded another round of voting, adding a new ban on the public use of biometric surveillance into its forthcoming AI Act.
