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 consumers and businesses in the EU and European Economic Area nations. “The new rules will improve the strategic autonomy of...
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 high-risk obliged entities in the financial sector,” the European Council said Wednesday (Dec. 13). “Given the cross-border nature of financial crime, the new authority...
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 the law in December now abandoned, Coindesk reported on Friday (Nov. 4). Having published what was meant to be the...
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 Services Act (DSA), packaged with the Digital Markets Act (DMA), requires transparency from technology platforms as well as accountability in...
May 21, 2024
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 standard for the regulation of AI. The new law aims to harmonize rules on AI; promote the use of “safe and trustworthy” AI systems across the European Union (EU); and […]
February 26, 2024
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 consumers and businesses in the...
November 04, 2022
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 the law in December now...
October 04, 2022
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 Services Act (DSA), packaged with...
