European Council

European Council Approves AI Act, Says It Sets Global Standard
European Council Approves AI Act, Says It Sets Global Standard
May 21, 2024  |  artificial intelligence

The European Council (EC) has approved the Artificial Intelligence (AI) Act, saying this law is the first of its kind in the world and may set a global...

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EU Makes Instant Payments the Law of the Land
EU Makes Instant Payments the Law of the Land
February 26, 2024  |  Faster Payments

Making instant payments in the European Union (EU) just became much easier. The European Council on Monday (Feb. 26) adopted a regulation making instant payments available in euros to...

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Europe Plans Authority to Fight Money Laundering and Terror Financing
Europe Plans Authority to Fight Money Laundering and Terror Financing
December 13, 2023  |  AML

Officials in Europe are launching an authority to combat money laundering and terrorism financing. Known as ALMA, the group will have “direct and indirect supervisory powers over...

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Report: European Parliament Delays Vote on MiCA 
Report: European Parliament Delays Vote on MiCA 
November 04, 2022  |  Cryptocurrency

The EU’s Markets in Crypto Assets (MiCA) legislation looks set to be delayed by several months, with plans for the European Parliament to vote on...

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Europe Stamps Digital Services Act With Final Approval
Europe Stamps Digital Services Act With Final Approval
October 04, 2022  |  Regulation

The European Council has officially approved legislation that aims to ensure a safer and more transparent online environment with greater accountability and protection. The Digital...

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EU Lawmakers to Vote on Tougher Crypto Transaction Requirements 
EU Lawmakers to Vote on Tougher Crypto Transaction Requirements 
March 31, 2022  |  Cryptocurrency

Today, European lawmakers will vote on a proposal for a “regulation on information accompanying transfer of fund and certain crypto assets” (the so called “travel...

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Big Tech Firms Have 6 Months Before New EU Competition Rules Kick In 
Big Tech Firms Have 6 Months Before New EU Competition Rules Kick In 
March 25, 2022  |  Regulation

The Council and the European Parliament on March 24 reached a provisional political agreement on the Digital Markets Act (DMA). Final technical work will be...

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EU Proposes Tougher Stance On Foreign Investments
EU Proposes Tougher Stance On Foreign Investments
May 29, 2018  |  Europe

In response to an increase of Chinese acquisitions of European rivals, the European Parliament’s international trade committee has approved a proposal calling for greater scrutiny...

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