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

Regulator: EU Should Ban Crypto Mining Method That Uses Large Amount of Energy

Regulator: EU Should Ban Crypto Mining Method That Uses Large Amount of Energy
Regulator: EU Should Ban Crypto Mining Method That Uses Large Amount of Energy
January 19, 2022  |  Cryptocurrency

The vice chairman of a European Union regulator has called on the 27 member states to prohibit energy-intensive cryptocurrency mining, the Financial Times (FT) reported....

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Fines for Breaches of EU Privacy Law Reach Nearly $1.2B
Fines for Breaches of EU Privacy Law Reach Nearly $1.2B
January 18, 2022  |  International

The European Union General Data Protection Regulation (GDPR) law is taking a financial toll on Big Tech as fines have soared nearly sevenfold in the...

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Software Acts as Digital Lawyer in Helping EU Firms Comply With GDPR
Software Acts as Digital Lawyer in Helping EU Firms Comply With GDPR
January 17, 2022  |  Regulation

Europe is an active market for legal tech, with the European B2B legal tech market expected to generate revenues of close to $6 billion by...

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Google, Big Tech Firms Face New EU Regulations This Year
Google, Big Tech Firms Face New EU Regulations This Year
January 07, 2022  |  Regulation

As the U.S. Department of Justice (DOJ) seeks to end Google’s alleged monopoly of the search and ad sector with a lawsuit, Germany’s antitrust watchdog...

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Europe Crackdown on Big Tech Continues as Facebook, Google Fined Over Cookies in France
Europe Crackdown on Big Tech Continues as Facebook, Google Fined Over Cookies in France
January 06, 2022  |  Regulation

France’s data regulator has fined Facebook, Google and YouTube for failing to make refusing cookies as easy as it is to accept them, according to...

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EU Securities Regulator Sees Competitive Advantage from Blockchain in Financial Markets
EU Securities Regulator Sees Competitive Advantage from Blockchain in Financial Markets
January 06, 2022  |  Regulation

The European Securities and Markets Authority launched a consultation on January 4 seeking feedback from stakeholders about the need to amend the regulatory technical standards...

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European Data Protection Supervisor Urges Increased Data Protection in Card Payments 
European Data Protection Supervisor Urges Increased Data Protection in Card Payments 
January 04, 2022  |  Security & Fraud

The European Union’s independent data protection authority has identified how data collected during card-based payment transactions can be used to profile customers and, if not...

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EU Says Proposed Cross-Border Banking Rules Target ‘Core’ Services
EU Says Proposed Cross-Border Banking Rules Target ‘Core’ Services
December 26, 2021  |  Bank Regulation

The EU is cracking down on the ability for banks outside the EU to sell services to the bloc, with a focus on “core banking.”...

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EU OKs Microsoft’s $19.7B Deal to Buy Telemedicine Tech Firm Nuance
EU OKs Microsoft’s $19.7B Deal to Buy Telemedicine Tech Firm Nuance
December 22, 2021  |  Partnerships / Acquisitions

The European Union has cleared Microsoft’s buy of Nuance, an artificial intelligence (AI) and cloud computing company, according to a Wednesday (Dec. 22) press release...

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