While anonymity still stands as the core issue of a European CBDC, the inevitable competition with private banks also raises questions. As various stakeholders in the European Union continue to research the potential of a single central bank digital currency (CBDC), representatives of both private and public banking institutions share their opinion on the digital…
Read more
The bill will classify the risk of AI tools and force developers of generative-AI applications to disclose the use of any copyrighted materials. Controversies around artificial intelligence (AI) and its use of copyrighted material have arisen in various scenarios after a major uptick in the use of the technology in content creation. Legislators in the European…
Read more
Europe’s data protection supervisor predicts trouble abroad and at home for U.S. AI companies that run afoul of GDPR. Europe’s data watchdog, Wojciech Wiewiórowski, predicts a sour predicament for United States-based artificial intelligence (AI) companies currently being investigated for alleged General Data Protection Regulation (GDPR) violations. During a recent interview, Wiewiórowski told the MIT Technology…
Read more
Officials have revealed that Ukraine intends to implement the crypto market rules approved by the European Parliament. While the government is already moving in that direction, the tax service has issued a clarification regarding the taxation of income resulting from cryptocurrency transactions. Ukraine Set to Incorporate EU Crypto Regulations Into National Law A regional leader…
Read more
Members of the European Parliament gave their final approval to a package of EU-wide regulations for crypto assets. The legislators also backed the introduction of mechanisms allowing the tracing of cryptocurrency transactions which will also apply to private crypto wallets above a certain threshold. European Lawmakers Endorse Groundbreaking Crypto Assets Legislation Europe’s new common rules…
Read more
Immediately after passing the European Parliament, Ukrainian authorities announced plans to adopt the EU’s MiCA regulations on crypto assets. Hot on the heels of the European Parliament passing the Markets in Crypto-Assets (MiCA) regulation, Ukrainian regulators have stated publicly that they will adopt the legislative package in their own country as well. The Deputy Chairman…
Read more
United States-based cryptocurrency exchange Kraken received its virtual asset service provider authorization from the Central Bank of Ireland. Payward Europe Solutions, an Irish subsidiary of Kraken registered in Dublin, was awarded virtual asset service provider (VASP) authorization from the Central Bank of Ireland on April 18. We’re pleased to announce that Kraken has successfully registered…
Read more
A group of EU politicians called for a united front in developing AI while tech executives express concerns about its societal impacts. A dozen European Union (EU) politicians have signed a letter calling for the “safe” development of artificial intelligence (AI) as Google’s CEO cautioned against releasing powerful AI tech before society has had a…
Read more
A principal economist of the European Commission shares his views on stablecoins and the future of regulations in Europe. In October 2022, the European Union finalized the text of its regulatory framework called Markets in Crypto-Assets or MiCA. The final vote on the new regulation is scheduled for April 19, 2023, meaning the days of…
Read more
The Banque de France presented a well-written consideration of issues related to DeFi and forthcoming MiCA regulation, with suggestions. The Banque de France has contributed to the discussion of European crypto asset regulation with a close examination of decentralized finance (DeFi) and potential approaches to its regulation. This discussion is timely because of the growing…
Read more
