Tagged: european union

European Parliament Votes to Boost Crowdfunding Cap to € 8 Million

Matching what several European countries have already done, the Economic and Monetary Affairs Committee of European Parliament voted this week to boost the crowdfunding cap to € 8 million across all of the European member states. This stands in contrast to an existing proposal emanating out of… Read More

Malta Bank Accused of Money Laundering by Murdered Journalist Loses License

Pilates, a private bank accused by murdered journalist Daphne Carauna Galizia of laundering money for Maltese politicians and foreign interests, has lost its license, Financial Times reports. The license was withdrawn last Friday by the European Central Bank (ECB), several months after Pilatus’ founder and ex-chairman Seyed… Read More

European Regulation Is on the Way, Crypto Exchanges Had Best Be Prepared

The European Union does not need to seek out any problems for the moment, with the highly publicized ‘divorce’ from the UK taking place in the full media spotlight, but it’s easy to forget that, as things stand, the EU is also taking its approach… Read More

Will the EC Pass Pan European Crowdfunding Regulations, Including Initial Coin Offerings?

For quite some time now, the European Commission has been discussing creating a pan-European approach to investment crowdfunding. This policy move absolutely makes sense and clearly aligns with the Fintech Action Plan and Capital Markets Union. In many ways, creating a single law for all… Read More

European Financial Ministers: ICOs Can Be a Valuable Tool for Access to Funding but No Rules Yet

Federal Minister Löger

At the meeting of EU financial ministers in Vienna last week, Austria’s Minister of Finance Hartwig Löger said that Europe is working on rules and regulations for crypto assets to support the development of the sector. The meeting included all of the economic and financial affairs… Read More

22 European Countries Sign Comprehensive Blockchain Cooperative Agreement

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

European Securities and Markets Authority Prohibits Binary Options for Retail Investors

The European Securities and Markets Authority (ESMA) has banned the marketing, distribution and sale of binary options to retail investors. Simultaneously, contracts for differences (CFDs) will have a restriction on the marketing, distribution or sale to retail investors. ESMA can only introduce temporary intervention measures… Read More

InstaReM Launches Zero-Margin FX Rate Overseas Money Transfer Service from EU

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Thursday it has extended its outbound money transfer operations to another important market, the European Union (EU). ), Prajit Nanu, the co-founder of the fintech start-up, revealed the exciting news at the Money20/20 Asia 2018… Read More

European Banking Authority Publishes its Fintech Roadmap

Following in the footsteps of the European Commission’s Fintech Roadmap, the European Banking Authority (EBA) has released its opinion as to how to best foster and promote Fintech adoption. The EBA’s Fintech Roadmap is the result of a recent consultation as to how the Authority… Read More

Here is the FAQ on Proposed Pan European Crowdfunding Rules

EU coins money Europe

The European Commission is finally address a pressing issue: facilitating online capital formation across all member countries in the European Union. Since investment crowdfunding emerged as a viable form of providing access to capital to early stage – and later stage companies – the industry… Read More

EU Roundtable: Blockchain Good. Cryptocurrencies Risky

In a speech today delivered by European Commission Vice President Valdis Dombrovskis, the public official commented on the the EU Roundtable on Cryptocurrencies. The “debriefing” was light on details and simply shared a high level perspective of the discussion. Dombrovskis said the mission of the… Read More

Taking the Initiative: Blockchain Bundesverband Makes Legal Recommendations for ICOs to Point Europe in the Right Direction

  The Blockchain Bundesverband has published a position paper on initial coin offerings regarding important regulatory considerations.  The focus is largely on the European Union, and specifically Germany, but the discussion has global considerations regarding exchanges and public policy in general. Much of the world… Read More

Recommendations Provided to EU to Boost Crowdfunding in Renewable Energy

CrowdfundRES is a group of policy recommendations to improve the regulatory and market framework to boost investment in renewable energy across the European Union. A group of 14 different partners worked on the project that saw the participation of the European Crowdfunding Network and four… Read More

FESE Responds to EU’s Consultation on Fintech

Fintech

  The Federation of European Securities Exchanges (FESE) recently published their response to the European Commission’s Consultation, “FinTech: a more competitive and innovative European Financial Sector.” In their response, they listed three principles that they believe will be vital for the development of the Fintech… Read More

Last Day: European Commission Public Consultation on Fintech Ends June 15th

The European Commission public consultation on Fintech ends today. Launched in March, the consultation was created to better understand how Europe can engender a more competitive and innovative financial sector. The feedback will hopefully help guide the Commission how Fintech can make the EU Single Market… Read More

European Commission to Implement Blockchain and DLT Pilot Project

In the context of the Horizontal Taskforce on Fintech and Distributed Ledger Technologies (DLT), the European Parliament has mandated the European Commission to implement a pilot project in order to build up technical expertise and regulatory capacity. The European Commission intends to launch a call… Read More

European Commission Considers Passport For Fintech Firms in Recognition of Consumer Benefits

The US Fintech marketplace is saddled with 50 different state regulators and innumerable federal agencies touching financial services. The UK is dealing with Brexit ramifications and its divorce proceedings with continental Europe. Meanwhile, the European Commission is considering passporting Fintech services in recognition of the profound benefits… Read More

European Union Stops Harmonization Process for Crowdfunding Rules

At Crowddialogue Europe in Graz, Austria last week, a panel presentation, moderated by Ronald Kleverlaan, inquired about the status of the European legislation on crowd-investing. Looking back to 2014, with the EU Commission’s Communication “Unleashing the Potential of Crowdfunding”, soon followed by the 2015 Communication “Action Plan… Read More

EU Commissioner Talks CMU, Alternative Finance Following Brexit

EU Commissioner Valdis Dombrovskis replaced Jonathan Hill of the UK at the Commission following the Brexit decision. He recently sat down with CNBC for an interesting interview where he shared some insight into his perspective on the Capital Markets Union (CMU) in light of the UK EU… Read More

Lending Works Reflects on the Brexit Economy Two Months Later

On Thursday, UK-based peer-to-peer lender, Lending Works, took to its blog to reveal the status of UK’s economy since voters made the Brexit decision, to depart from the European Union (EU),  just two months ago (June 23rd). The lender stated: “Depending which newspaper you’re inclined to… Read More

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