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

EU Calls For Anti-Money Laundering Reforms
EU Calls For Anti-Money Laundering Reforms
December 05, 2019  |  AML

European Union finance ministers on Thursday (Dec. 5) agreed on strategy for anti-money laundering (AML) reforms and countering the financing of terrorism, Reuters reported. The...

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EU Finance Ministers Say Libra, Other Stablecoins Are Too Risky
EU Finance Ministers Say Libra, Other Stablecoins Are Too Risky
December 05, 2019  |  Cryptocurrency

EU finance ministers came to an agreement on Thursday (Dec. 5) that digital currencies like Facebook’s Libra have no place in the European Union unless...

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EU Warns Of Legal Risks With 5G Supplier Contracts
EU Warns Of Legal Risks With 5G Supplier Contracts
November 25, 2019  |  Safety and Security

Ahead of a meeting of European ministers, a European Union (EU) document noted that governments in the bloc should mull the broader consequences of giving...

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SCA Awareness Issues Persist Among EU Merchants, Consumers
SCA Awareness Issues Persist Among EU Merchants, Consumers
November 07, 2019  |  Regulation

Earlier studies found a surprising lack of both consumer and merchant awareness about the European Union’s Strong Customer Authentication (SCA) and second Payment Services Directive...

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Deutsche Bank Backs Idea For Stronger Banking Union
Deutsche Bank Backs Idea For Stronger Banking Union
November 06, 2019  |  Banking

Deutsche Bank Deputy Chief Executive Officer Karl von Rohr said the bank welcomes a finance ministry proposal from Germany that would strengthen the European banking...

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EU Draft Floats Digital Currency Proposal To Counteract Libra
EU Draft Floats Digital Currency Proposal To Counteract Libra
November 05, 2019  |  Cryptocurrency

A European Union draft document says the European Central Bank (ECB) should contemplate issuing its own digital currency, Reuters reported on Tuesday (Nov. 5). The...

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EU’s Vestager: Gig Workforce Should Be Able To Unionize For Better Pay
EU’s Vestager: Gig Workforce Should Be Able To Unionize For Better Pay
October 24, 2019  |  Gig Economy

European Union antitrust chief and Silicon Valley critic Margrethe Vestager said gig economy workers should join forces for better pay, the Financial Times reported on Thursday...

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EU Watchdog Probes Apple Pay Over Anticompetitive Conduct
EU Watchdog Probes Apple Pay Over Anticompetitive Conduct
October 16, 2019  |  ANTITRUST

The Apple payment platform, Apple Pay, is again being investigated by the European Commission again, MLex reported on Wednesday (Oct. 16).  A report says that...

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Deep Dive: Retailers Face Mobile Authentication Challenges Under SCA
Deep Dive: Retailers Face Mobile Authentication Challenges Under SCA
October 09, 2019  |  Regulation

SCA may have arrived on the payments scene, but questions remain regarding its exact authentication requirements. The overarching rule is simple enough: Consumers who make...

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