Tagged: european commission

France: GSX CEO Comments on Autorité des Marchés Financieres Proposal on Digital Securities

Recently, the French Autorité des Marchés Financiers (AMF), the leading securities regulator in France, posted a legal analysis of security tokens or digital securities. The AMF posited that while there remain certain “legal obstacles,” in their opinion national authorities can adapt to these types of… Read More

Coronavirus: European Union to Aid SMEs with € 8 Billion of Financing

Like many jurisdictions around the world, the European Union has announced extraordinary measures to combat the Coronavirus, or COVID-19, including measures to mitigate the impact the illness will have on SMEs. In a statement yesterday, the Commission said it considers the COVID-19 pandemic as qualifying as… Read More

Here is the EU Strategy for SMEs and Digital Europe, Digital Assets on the List

Earlier today, the European Commission posted its “SME Strategy for a sustainable and digital Europe.” The strategy is in recognition that “SMEs play a key role in Europe’s industrial fabric, providing two out of three jobs, and are central to the success of this new… Read More

European Commission Launches Two Consultations, One on Crypto Assets, 2nd on Cybersecurity

Yesterday the European Commission announced the launch of two consultations. The first is on digital or crypto-assets including stablecoins. The second is on cybersecurity. The consultation on digital assets is due to President Ursula von der Leyen determination to keep abreast of innovation in the… Read More

European Commission Looks to Boost the Development of DLT/Blockchain, Invites Participation in Open Market Consultation

The European Commission has invited interested parties to participate in an open market consultation for the forthcoming “European Blockchain Pre-Commercial Procurement (PCP).” The Commission’s goal is to boost the development of distributed ledger technology, or blockchain, for the European Blockchain Service Infrastructure. A “Pre-Commercial Procurement”… Read More

EU: “No global stablecoin arrangement should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and addressed”

The Council of the European Union has posted a memo, or “draft joint statement,” regarding stablecoins – a hot policy topic these days due to Facebook’s attempt to launch a global, non-sovereign, cryptocurrency. When Facebook revealed the creation of Libra, and the executive body the… Read More

What the European Crowdfunding Industry Recommends for Harmonized EU Rules

Last month, Crowdfund Insider reported on comments by EC Vice President Valdis Dombrovskis, a Commissioner whose portfolio includes Financial Stability, Financial Services, and the Capital Markets Union, indicating harmonized crowdfunding rules may be forthcoming before the end of the year. In a tweet, Dombrovskis stated… Read More

Still Hope for Harmonized Crowdfunding Rules in Europe before End of the Year?

For some years now there has been a discussion at the European Commission regarding harmonization of online capital formation rules. Today, crowdfunding is regulated at the member state (national) level creating a mish-mash of European regulations that defy the entire concept of a single market… Read More

Spurned by Libra, EU Finance Commissioner Promises Cryptocurrency Laws

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

EU Member States Conclude Negotiations on European Crowdfunding Service Provider Regime: Harmonized Regime instead of Opt-In, Major Boost for Lending Platforms

The European Council has concluded its negotiations on the European Crowdfunding Service Provider Regime, after discussing for more than a year how to facilitate more cross-border Crowdfunding, especially for equity-based and lending-based Crowdfunding. The European Council “defines the EU’s overall political direction and priorities.” The… Read More

EU Report Says Blockchain Adoption to be Led by Permissioned Platforms, Must Solve Problems Such as Scalability

The European Union Blockchain Observatory and Forum has published a “thematic report” on blockchain adoption. The project is an initiative by the European Commission. This first report is one of a series of documents which is expected to be published over the coming months. The… Read More

European Commission General Report on the Activities of the European Union Updates on Progress Including Fintech, Blockchain, Crowdfunding and More

Today, the European Commission adopted the 2018 edition of the General Report. According to the Commission, this fulfills its legal obligation under the Treaty on the Functioning of the European Union. The report shows how the EU is delivering on its commitments to Europeans. The Commission… Read More

European Crowdfunding Service Provider Regime Eagerly Awaited in Europe

The European Parliament Elections are looming in May – and so far, there is no progress in sight regarding the European Crowdfunding Service Provider Regime. It remains unclear whether the Romanian Finance Minister TEODOROVICI will make the conclusion of the negotiation process a priority. The… Read More

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

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

Fintech News: The Biggest Fintech Stories of 2018

Fintech, or financial innovation, is pervasive within the financial services industry. Innovation has always existed in this sector of business but the advent of the internet combined with the creativity of risk taking entrepreneurs has engendered an accelerated period of disruptive change in finance. Think about… Read More

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

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

European Crowdfunding Network Publishes Open Letter to EU Member States Urging Fully Harmonized EU Crowdfunding Rules [u]

The European Crowdfunding Network (ECN) has just published an Open Letter directed towards EU member states and the ongoing debate regarding pan-European crowdfunding rules. Proposed rules would impact, and perhaps improve, the marketplace for both debt and equity crowdfunding. The ECN believes the European Crowdfunding… Read More

Oliver Gajda Updates on Pan European Crowdfunding Legislation & Possible Inclusion of ICO Rules

Several weeks back, CI covered the draft legislation for pan-European crowdfunding rules from the European Parliament. At that time, initial coin offerings (ICO) were part of the possible legislation. Crowdfunding is part of the European Union Fintech Action plan that directly aligns with the Capital… Read More

EU Startup Monitor Profiles European Entrepreneurial Marketplace

Most innovation occurs in smaller businesses and most job creation takes place within these small firms. This is a truism for all developed countries and in recent years governments around the world have sought to foster an innovation-driven economy. The European Union (Brexit aside) is… Read More

EC VP Valdis Dombrovskis Comments on Regulation of Virtual Currencies & ICOs, Expects Commission to Publish Perspective Before End of Year

European Commission Vice-President Valdis Dombrovskis has issued a comment on the regulation of initial coin offerings (ICOs) and virtual currencies. The statement is part of an ongoing discussion within the European Parliament and the Commission. Dombrovskis is the Commissioner in charge of Financial Stability, Financial… Read More

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