Google and other major internet platforms must update their service policies to comply with EU standards from its Digital Services Act by Aug. 28. Google plans to update some of its service policies to comply with the European Union’s Digital Services Act (DSA), according to an Aug. 24 blog post. The Big Tech giant said…
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Banco de España Deputy Gov. Margarita Delgado voiced concern about financial stability issues but painted a rosy picture for nonbank financial service providers. Deputy Governor of the Bank of Spain Margarita Delgado spoke to university students and others about the introduction of the digital euro in Pamplona on Aug. 25. Looking into a future through…
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The Ministry of Economic Development of Russia does not expect the rapid development of a common currency for the BRICS bloc. Deputy Economic Development Minister Vladimir Ilyichev stated that “quick breakthroughs” on this issue are unlikely to happen during the ongoing BRICS summit, citing the process the European Union underwent to create the euro. Ministry…
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Economics Nobel laureate Paul Krugman recently stated that Argentina might be better off adopting the euro instead of the U.S. dollar amidst the devaluation of the Argentine peso. Krugman argued that Argentina has almost twice as much trade with the European Union as it does with the U.S., stating that the euro would suit them…
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According to Latvijas Banka, 4% of the population bought crypto assets in February, down from 8% in 2022, while payments “continue to prevail.” The number of people buying crypto assets in Latvia is declining, Latvijas Banka said in its 2023 “Financial Stability Report.” The central bank attributed the falling interest in crypto to negative sentiment…
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An open letter calls for a review of the European AI Act, claiming that existing provisions would hinder open source AI development. An open letter from GitHub, Hugging Face, Creative Commons and other tech firms are calling the European Union to ease upcoming rules for open-source artificial intelligence models. The letter urges policymakers to review…
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There’s a lot of work left to be done on Web 3.0. The European Commission is getting ahead of itself by trying to move to what it calls “Web 4.0.” On July 11, the European Commission formally adopted its new strategy on Web4 and virtual worlds with the aim of ensuring “an open, secure, trustworthy,…
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Circle’s Patrick Hansen provided an overview of the euro-denominated stablecoin market at EthCC: It all looks rosy, he said. The future is bright for euro-denominated stablecoins, according to Patrick Hansen, European Union strategy and policy director at Circle. The United States dollar may preserve its first-mover advantage, but euro stablecoins will see increasing real-world use…
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In an interview with Cryptonews, Bernhard Blaha, co-founder of the Austrian Digital Asset Association (DAAA) and CEO of decentrally governed organization (DGO) The People’s SCE, discussed the new type of digital coin: deposit tokens. He explained the key differences between deposit tokens and stablecoins, why he calls the former ‘hybrids’, and why they can’t be…
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