European Union

The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.

Source: europa.eu

TikTok Joins Ranks of Tech Firms Facing EU Privacy Crackdown
TikTok Joins Ranks of Tech Firms Facing EU Privacy Crackdown
January 17, 2023  |  Regulation

A five million euro fine for privacy violations welcomes TikTok to an expensive club. It’s not the first time the Chinese company has been fined...

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UK and EU’s Payments and Crypto Regulation Divergence Set to Accelerate
UK and EU’s Payments and Crypto Regulation Divergence Set to Accelerate
December 30, 2022  |  Cryptocurrency

In 2023, the U.K. will accelerate its divergence from EU payment and crypto regulations. Meanwhile, the EU is moving ahead with its own policy agenda...

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Crypto Firms May Have to Report EU Tax Evaders
Crypto Firms May Have to Report EU Tax Evaders
December 08, 2022  |  Cryptocurrency

The EU has proposed new tax transparency rules for crypto transactions. During a press conference on Thursday (Dec. 8), Paolo Gentiloni, the EU commissioner for...

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European Retail Sales Fall Amid Consumer Caution
European Retail Sales Fall Amid Consumer Caution
December 05, 2022  |  Economy

European retail sales declined in October as consumers struggled with an increased cost of living. Figures released Monday (Dec. 5) by Eurostat, the statistics office...

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New AML Measures a ‘Tectonic Shift’ in EU Approach to Combating Financial Crime
New AML Measures a ‘Tectonic Shift’ in EU Approach to Combating Financial Crime
November 20, 2022  |  AML

In the latest changes to the European Union’s (EU) anti-money laundering (AML) framework, the European Commission (EC) is finalizing the details of a package of...

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EU Beefs Up Antitrust Enforcement Team Aimed at Big Tech
EU Beefs Up Antitrust Enforcement Team Aimed at Big Tech
October 27, 2022  |  Regulation

The European Union (EU) reportedly aims to build a team comprised of 40 people to enforce the Digital Markets Act (DMA) rules aimed at Google,...

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EU Financial Services Boss Pushes US for Crypto Regulations
EU Financial Services Boss Pushes US for Crypto Regulations
October 18, 2022  |  Cryptocurrency

The European Union’s financial services boss stressed to leaders on Capitol Hill that it’s important for the U.S. to finalize regulations governing cryptocurrency oversight.   Mairead...

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Regulation and Readiness Will Go Hand in Hand for European Banks in 2023
Regulation and Readiness Will Go Hand in Hand for European Banks in 2023
October 07, 2022  |  Bank Regulation

In its recently published work plan for 2023, the European Banking Authority (EBA) signals how the European Union’s banking sector intends to adapt to new...

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Today in Crypto: EU Lawmakers Target DeFi, NFT Money Laundering in New Bill
Today in Crypto: EU Lawmakers Target DeFi, NFT Money Laundering in New Bill
September 29, 2022  |  Cryptocurrency

Members of the European Parliament determined to fight money laundering will be looking into big crypto transactions alongside the metaverse, DeFi and NFTs. The European...

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