Tagged: european union

December 26, 2024 @ 8:04 am By Omar Faridi  |  

As the European Union’s Corporate Social Responsibility Directive (CSRD) marks its first year of being implemented / enforced – and as compliance with it becomes mandatory for more firms, research reveals that over half of businesses are “risking non-compliance by failing to take key steps… Read More

October 7, 2024 @ 12:12 pm By Omar Faridi  |  

Coinbase Global Inc. (NASDAQ:COIN) will reportedly delist all “unauthorized” stablecoins from its digital assets exchange in the European Economic Area by the end of this year. This could be a potential setback for digital tokens such as Tether’s USDT. As widely reported, the European Union… Read More

September 5, 2024 @ 10:48 am By JD Alois  |  

In September 2023, Mario Draghi, previously the head of the European Central Bank (ECB), was asked by Ursula von der Leyen, the President of the Commission, to devise a plan to boost economic growth and competitiveness in the European Union. Yesterday, Draghi delivered an address to the European Parliament that… Read More

August 7, 2024 @ 9:40 am By Omar Faridi  |  

The European Union has a productivity problem, according to an update from the International Monetary Fund (IMF). Its people produce nearly 30 percent “less per hour worked than they would have, had real output per hour worked increased in line with that in the United… Read More

July 25, 2024 @ 9:59 am By JD Alois  |  

Described as a “landmark” event, the European Union (EU) and Singapore have inked a Digital Trade Agreement (DTA). The EU states that the goal is to emerge as a global standard setter for digital trade rules. The DTA is said to complement the existing 2019… Read More

June 26, 2024 @ 9:03 am By JD Alois  |  

MiCA, or Markets in Crypto Assets regulation approved by the EU, will soon come into effect. The new regulations aim to create a compliant ecosystem to enable digital asset innovation while protecting consumers and businesses. Today, Bitstamp, a long-established crypto exchange, has announced that it… Read More

June 13, 2024 @ 10:17 pm By Omar Faridi  |  

MoonPay is pleased to announce that PayPal (NASDAQ: PYPL) is now live to users across the European Union and United Kingdom, following a successful launch in the United States last month. MoonPay users in 24 EU member states and the UK can “now buy cryptocurrency… Read More

June 6, 2024 @ 10:51 am By Omar Faridi  |  

To ensure a smooth transition for local banks to comply with the new and amended requirements arising from the Banking package, which was recently adopted by the European Parliament and the Council of the European Union, the MFSA has issued a Dear CEO Letter to… Read More

June 6, 2024 @ 10:23 am By JD Alois  |  

While stating the 2% target rate of inflation is still in place, the European Central Bank (ECB) has cut benchmark rates by 25 basis points. The ECB said the European economy is starting to grow, and they anticipate the 2% target will be hit in… Read More

May 21, 2024 @ 8:37 am By Omar Faridi  |  

The Digital Identity Regulation has reportedly entered into force. This means that the solution will become available by 2026. A digital ID and personal digital wallet for EU citizens, residents and businesses should help with enabling more frictionless experiences in an online environment. As noted… Read More

April 26, 2024 @ 11:39 am By JD Alois  |  

As CI has covered in the past couple of years, the European Union created harmonized rules designed to improve online capital formation under ECSPR, or European Crowdfunding Service Provider Regulation. Advocates, like EuroCrowd, have lobbied the EU for years to advance the common-sense approach of… Read More

April 22, 2024 @ 11:00 am By JD Alois  |  

The former PM of Italy, Enrico Letta, has released a report on how to improve the EU single market. The 147-page document, called “Much More Than a Market,” is a “call to action” to improve upon the single market and monetary union. Letta states that… Read More

March 23, 2024 @ 3:48 pm By Omar Faridi  |  

KPMG UK launches the fourth edition of its Financial Services Regulatory Barometer, providing a biannual measure of the regulatory pressure faced by financial services firms in the UK and EU. The latest aggregate Regulatory Impact Score “stands at 7.3 (out of 10), up from 7.2… Read More

February 29, 2024 @ 9:33 pm By Omar Faridi  |  

Yapily, a provider of open banking solutions, is announcing its partnership with Uncapped, a Fintech providing working capital funding to scaling brands, retailers, and merchants across the UK, EU, and US. This collaboration significantly bolsters progress in “the financial lending sector and democratises access to… Read More

February 22, 2024 @ 3:13 pm By JD Alois  |  

The European Union has doled out the new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to Frankfurt, Germany. According to the EU, nine member states were in the running for the new bureaucracy. The competing cities included; Belgium (Brussels), Germany (Frankfurt),… Read More

February 9, 2024 @ 5:47 pm By Omar Faridi  |  

Brite Payments, an enabler of instant bank payments, announced that it has joined The Payments Association EU as a Patron Member. The membership underlines Brite’s commitment “to industry collaboration as it expands its product offering across Europe.” Brite Payments enables instant account-to-account (A2A) payments and… Read More

February 8, 2024 @ 9:42 am By Omar Faridi  |  

B2C2, the crypto liquidity provider servicing institutional clients globally, has obtained regulatory approval to operate in Luxembourg and expand its EU presence. B2C2 has become the 12th virtual asset service provider (VASP) to “be officially registered on the Commission de Surveillance du Secteur Financier’s (CSSF)… Read More

February 1, 2024 @ 10:34 pm By JD Alois  |  

The European Union (EU) is pursuing a policy to improve the environment for listings on the various European stock exchanges. According to a statement issued today, the European Council and Parliament have now reached a consensus on a “provisional agreement” for a package that will… Read More

February 1, 2024 @ 10:52 am By JD Alois  |  

The pan-European regulatory regime for securities crowdfunding is still very young. Many platforms established before the rules existed have yet to apply to be approved under the new rules. ECSPR, or European Crowdfunding Securities Provider Regulations, enables a platform to list securities and sell them… Read More

January 30, 2024 @ 8:38 am By JD Alois  |  

As Lithuania explains, only a short time ago few people knew about the country – much less where it is located. Today, Lithuania punches above its weight class when it comes to attracting innovative young firms – including many Fintechs. According Invest Lithuania and its… Read More