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 European Union 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.
ESMA DLT Pilot Regime Year 1 outcome highlights low uptake, key challenges
ESMA published a letter to the European Commission, the Parliament, and the Council on Thursday, providing an interim update on the bloc’s DLT Pilot Regime.
Ensuring regulatory compliance in the decentralized economy
As technology evolves, so do global regulations, which the London Blockchain Conference aims to highlight as it returns later this year packed with more sessions and learnings.
EU opens probe against Alphabet, Apple, Meta over Digital Markets Act non-compliance
The various investigations by the European Union are to be concluded within 12 months, after which the Commission will inform the companies of its findings and explain the measures it is considering taking.
EU Parliament passes landmark AI Act
The European Union parliament has approved the AI Act, which will introduce a regulatory framework that categorizes artificial intelligence apps based on their risks.
Meta announces AI safeguards for 2024 EU elections
Meta has invested more than $20 billion into AI safety and security and quadrupled the size of its global team working in this area.
EU’s new AML watchdog to be based in Frankfurt
Frankfurt beat bids from Madrid, Paris, Rome, and five other cities to host AMLA, a new 400-member agency whose anti-money laundering mandate will include digital assets.
EU Parliamentary Committee votes in favor of ‘digital euro’ CBDC
EU inches closer to having a CBDC after 48 LIBE members voted in favor of the digital euro, but it likely won't be until June 2024 before a full EU Parliament vote is heard.
EU AI Act paves the way for regulatory clarity—what does it mean?
While critics think that the European Union is over-regulating again with its AI Act, others see this as an advantage but admit that the rules may need to be updated in line with future AI developments.
MiCA’s treatment of systemic stablecoins is counterproductive for EU: report
Under MiCA, a stablecoin is regarded as of systemic importance if it has over 10 million holders, has over €5 billion in reserves, or €500 million daily transactions.
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.