Tagged: ec

PayPal Prodded the EU to Go After Apple Pay: Report

Apple Store 5th Avenue New York City

PayPal (NASDAQ:PYPL) is at least one of the firms that called up the European Commission to complain about Apple (NASDAQ:AAPL) and its Apple Pay offering pushing the competition ministry to pursue possible anti-trust violations, according to a report in Bloomberg. This is not the first… Read More

Caleb James DeLisle: Co-founder at PKT Explains how they’ve Used Blockchain Tech to Pay Users for Contributing Unused Internet Bandwidth

Computer Speed Fast Internet Zoom Keyboard

CJDNS SASU, a French software R&D start-up in the PKT ecosystem, recently announced its funding agreement with NGI-LEDGER, a European Commission’s initiative that aims “to shape the development and evolution of the Internet.” The agreement secures funding for SafePKT, an initiative that aims to bring… Read More

European Online Lender October Italy’s CEO Shares Latest Fintech Industry Insights

Trevi Fountain Rome Italy

Online lender October is currently active in five different European countries and now it’s the turn of the CEO of October Italy Sergio Zocchi to share his views and insights (after the company’s Netherlands and Spain Chief Executives provided comments during interviews). Sergio Zocchi, who… Read More

Karsten Wenzlaff of the German Crowdfunding Association Provides Insight into Harmonization of Pan-European Crowdfunding Rules

EU flags at the European Commission Berlaymont building guillaume perigois unsplash

Last year, the European Union approved pan-European crowdfunding rules that will apply to all member states thus finally offering a harmonized approach to online capital formation. Crowdfunding advocates and European platforms had long recognized the unnecessary friction intrinsic to raising capital based on national regulations… Read More

France: AMF Chairman Embraces EC Move to Regulate Crypto Assets, “Potential gains to be expected from DLT can be significant”

Robert Ophele

Speaking about the ongoing digital transformation of financial services the Chairman of the French Autorité des Marchés Financiers (AMF), Robert Ophèle, commented on the emergence of crypto assets (digital assets) for both non-securities and securities. Ophèle first noted the ongoing COVID health crisis has helped… Read More

European Banking Authority to Allow Banks to Include Software based Assets in their Capital Requirement Estimates

Computer Code Develop Work Software

The European Banking Authority, a regulatory body of the European Union that’s headquartered in Paris, has revealed plans to allow banks to include software-based assets in their capital requirement calculations. This should help lenders with strengthening their safety buffers, the agency noted. At present, banking… Read More

European Union Digital Asset Legislation Anticipated to Create Confidence, Open the Market to DLT Innovators

European Parliament Paul Henri Spaak building Brussels Belgium guillaume perigois unsplash

A Discussion with Franck Guiader of Gide 255 Last week, the European Commission adopted a Digital Finance Package along with legislative proposals on cryptoassets (digital assets). The move had been widely telegraphed by the Commission and, in fact, a draft of the crypto regulation was leaked… Read More

European Commission Adopts Digital Finance Package and Legislative Proposals on Crypto-Assets

marius badstuber Brussels Belgium Grande Place

The European Commission has announced the adoption of a Digital Finance Package along with legislative proposals on crypto-assets (digital assets).  The announcement has been widely anticipated and earlier this month draft legislation pertaining to crypto-assets was leaked to the public. According to a statement by… Read More

Digital Assets: Germany, France, Other Nations Ask European Commission to Draft Strict Policies for Stablecoins

Euros 200 Money

Germany, France, Italy, Spain, and the Netherlands recently asked the European Commission (EC) to draft strict regulatory policies for stablecoins, which are digital assets that are supposed to be backed or pegged 1-to-1 with major fiat currencies like the US dollar or the British pound… Read More

Eurozone: EC Vice President Dombrovskis Talks Digital Assets – “We Want to Regulate Innovation In”

Valdis Dombrovskis

In a speech delivered to the ECOFIN press conference in Berlin today, European Commission Executive Vice President Valdis Dombrovskis commented on crypto-assets and stablecoins. It is anticipated that later this month and update will be be presented pertaining to the EU Digital Finance Strategy and… Read More

European Commission is Being Asked to Use European Social Fund to Issue Loans via Crowdfunding and P2P Lenders

Euros Money Europe 200

The European Commission (EC), the executive branch of the European Union that recommends legislation, implements various policies and decisions, among other duties, is being asked to use its European Social Fund (ESF) to issue loans via crowdfunding and peer to peer (P2P) lending platforms across… Read More

Sustainable Development Crowdlending Platform Oneplanetcrowd Gets European Union Support

Euros Money Europe 200

Oneplanetcrowd, a crowdlending platform, has received € 1 million in growth finance from the European Investment Fund to support social entrepreneurship. The funding from the EIF came via the EU’s Employment and Social Innovation Programme Capacity Building Investments window. According to a statement by the… Read More

Spurned by Libra, EU Finance Commissioner Promises Cryptocurrency Laws

Valdis Dombrovskis

The European Union’s finance commissioner-designate, Valdis Dombrovskis, has told fellow members of Europe’s governing body that he plans to propose laws for the regulation of cryptocurrencies, Reuters reports. “Europe needs a common approach on crypto-assets such as Libra…I intend to propose new legislation on this,” Dombrovskis… Read More

Security Token Platform Smartlands Joins European Crowdfunding Network

London Property Bus Real Estate Puzzle UK

UK based Smartlands has joined the European Crowdfunding Network (ECN). Smartlands is a blockchain based crowdfunding platform that tokenizes real estate investments. Earlier this month, Smartlands announced their first tokenized property investment while staking claim to being the first platform in the UK to accomplish… Read More

European Central Bank Paper Addresses Crypto Assets and Impact on Financial Stability

European Union

As part of their ongoing “Occasional Paper Series,” the European Central Bank (ECB) has published a missive entitled, Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures.” The paper was produced by the ECB Crypto-Assets Task Force. The ECB has monitored digital… Read More

GDPR by the Numbers: the European Commission Provides a Glance at the Data

Europe at Night Map

GDPR or the General Data Protection Regulation is a big deal. GDPR was designed to better protect consumers and their digitized information. While clearly not perfect, GDPR is the direct result of big corporations failing their customers with poor security protocols, lackluster attention to cyberfraud… Read More

Juncker Plan: €360 Million Investment for Spanish SMEs will Use Hyperledger Blockchain Tech

Blockchain 3

The European Commission (EC) recently announced a European investment plan designed to boost access to capital to Spanish SMEs and “midcap investment projects.” The plan is for the European Investment Bank Group and BBVA to provide €360 million for these smaller businesses. A €60 million “synthetic… Read More

Oliver Gajda of the European Crowdfunding Network Updates on EC Fintech Plan, European Regulatory Approach for Crowdfunding

Oliver Gajda Paris

The European Crowdfunding Network (ECN) is the leading independent advocate for Fintech innovation, including crowdfunding, in Europe. The ECN has earned a reputation of engaging with a broad group of industry participants, thought leaders and public officials to help guide the evolution of new forms… Read More

22 European Countries Sign Comprehensive Blockchain Cooperative Agreement

Europe at Night Map

On Tuesday, April 10th, 22 European countries signed an declaration vowing to cooperate as partners in the development and deployment of blockchain tech across European jurisdictions. According to the declaration, “Cooperation on a European Blockchain Partnership,” earnest efforts to “reaffirm” Europe’s “leading role” globally in blockchain… Read More

Here is the European Commission Fintech Action Plan

Paris France Champs Elysee Europe

As we reported last week, the European Commission has announced its intent to pursue a Fintech Action Plan designed to boost Fintech innovation across continental Europe. The recognition that enabling innovations in finance are of strategic importance. This is a vital step in keeping Europe… Read More

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