EU’s anti-money laundering bill passes final vote
The latest AML package is part of an increased effort by the EU to combat terrorist financing, and money laundering, which was given urgency following Hamas' financing through digital assets.
Latest Europe News
EU is not so crypto-friendly, regulator warns
While much of the world is warming up with blockchain and digital currencies, laws targeting these industries in the EU signal that the region won't go easy with embracing emerging technologies.
German regulator BaFin calls for responsible AI use and regulation that avoids unnecessary bureaucracy
Bafin's Director, Dr. Thorsten Pötzsch, has highlighted the need for practical EU regulation and also called for companies to "manage their risks from cyber-attacks" and "handle data and AI responsibly."
Google pledges $26 million for AI training initiative in Europe
Half the funds in the AI Opportunity Initiative will go toward upskilling European workers, as the rest goes to supporting local startups building on AI.
EU catches up with AI, leads blockchain adoption
While the EU remains behind in AI adoption compared to other economic powerhouses, the region leads in blockchain adoption, launching various initiatives and regulations to strengthen its game.
European Banking Authority extends anti-money laundering guidance to digital assets
The EBA's amended AML guidelines, the second landmark law passed after MiCA, will apply from December 30, 2024, with an aim to help digital asset firms identify risks and adjust their mitigation.
Deloitte unveils AI chatbot prioritizes employee productivity
Deloitte debuts PairD, an in-house AI chatbot enhancing productivity for 80,000 employees in the Middle East and Europe with code and text generation, developed independently.
European Central Bank seeks feedback on latest draft of digital euro rulebook
The ECB Rulebook Development Group report provides an insight into the technical aspects of the European Union’s central bank digital currency design.
Eurosystem seeks participants for blockchain-based payment with central bank money
Eurosystem has initiated trials for blockchain-based interbank transfers, assessing solutions like Italy's TIPS Hash and France's Full-DLT, open to diverse financial institutions for participation between May and November 2024.
Industry figures fear EU ban on block reward mining could be imminent
The fate of block reward mining hangs in the balance following the European Commission methodology tender's conclusion, which seemingly hints at a ban, a move decried by pro-BTC miners.
EU agrees ‘historic’ deal to regulate AI
Legislators in the European Union reached an agreement on the Artificial Intelligence Act, which aims to ensure that "fundamental rights, democracy, the rule of law and environmental sustainability are protected from high-risk AI."
European Central Bank steps up wholesale digital euro trials
The European Central Bank recently held a meeting in which it outlined the themes it’s exploring, including assessing the demand for a wholesale CBDC and the need for atomic payments.