Tagged: european union

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

January 23, 2024 @ 10:50 am By JD Alois  |  

SeedBlink is an emerging investment crowdfunding platform that is registered with the Romanian Financial Supervisory Authority and also approved under the new European Crowdfunding Service Providers Regulation (ECSPR) and thus allowed to issue securities across the EU. Under ECSPR, an issuer may raise up to… Read More

January 8, 2024 @ 10:35 am By JD Alois  |  

New cybersecurity rules are kicking in this week for the European Union. The regulation establishes an “internal cybersecurity risk management, governance and control framework for each Union entity, and sets up a new Interinstitutional Cybersecurity Board (IICB) to monitor and support its implementation by Union… Read More

January 7, 2024 @ 6:37 pm By Omar Faridi  |  

Heavyfinance CEO Laimonas Noreika has commented on how far the HeavyFinance has come in just a year, and the strides they’ve made in “advancing sustainable agriculture and climate-conscious investments.” The Heavyfinance CEO said that the year commenced with a key achievement — securing €3 million… Read More

January 7, 2024 @ 6:28 pm By Omar Faridi  |  

Norlantic Capital, a cross-border private markets firm, was established specifically to provide next-gen private equity investors—European and U.S. high-net-worth individuals, wealth managers, and family offices—diversified access to one of the most dynamic, diversified, and “fast-growing” markets in the world. The firm claims that it offers… Read More

January 7, 2024 @ 6:19 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) claims that it’s on a mission to increase economic freedom for more than 1 billion people. In support of this mission, Coinbase says that it’s focused on “building the most trusted, compliant products and services and expanding their use around the world.” Coinbase‘s… Read More

December 27, 2023 @ 10:24 pm By Omar Faridi  |  

The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) published a joint report on the impact of climate change on the European Union (EU) financial system. The report sets out detailed frameworks for “addressing risk to the financial system by (i) gathering… Read More

December 24, 2023 @ 7:58 pm By Omar Faridi  |  

TaxBit, the provider of compliance solutions for digital assets, announced the launch of its CESOP Compliance Platform, catering to crypto exchanges operating in the EU. This solution addresses the upcoming CESOP compliance requirements set “to commence in Q1 2024, underscoring TaxBit‘s dedication to upholding tax… Read More

December 22, 2023 @ 10:27 am By Omar Faridi  |  

Amdax‘s vault is reportedly among the first crypto service providers in the EU to achieve the  ISAE-3000 Type-1 audit, conducted by accountancy firm Grant Thornton and assisted by Big-Four consultancy firm Deloitte. Amdax, the crypto-asset custodian and asset manager, is confirming that it is “the… Read More