Tagged: european union

June 12, 2023 @ 10:47 pm By Omar Faridi  |  

Onfido, the automated identity verification provider, announced it has achieved ETSI TS 119 461 certification, the latest European technical standards for identity proofing and trust services by the European Telecommunications Standards Institute (ETSI). This allows Onfido to “act as an Identity Proofing Service Provider (IPSP)… Read More

June 1, 2023 @ 12:54 pm By JD Alois  |  

MiCA or Markets in Crypto-Assets – the legislation designed to create a regulatory ecosystem for digital assets in the European Union, has officially been signed into law. While the law had been previously approved and the signing is a formality, the legislation is now enforceable,… Read More

May 29, 2023 @ 11:07 am By JD Alois  |  

Following an initial €2.5 million from the Bulgarian Development Bank’s (BDB) Capital Investment Fund in February, Evrotrust eID is now part of the national eID program in Bulgaria. Bulgarian individuals and businesses will be able to access EU public services digitally from their mobile phones…. Read More

May 26, 2023 @ 9:15 am By JD Alois  |  

The European Systemic Risk Board (ESRB) has published a report providing a succinct outline of the global digital asset industry while outlining policy recommendations to regulate crypto and decentralized finance (DeFi). Similar to other reports, the ESRB views crypto as not systemically risky while noting… Read More

May 24, 2023 @ 11:34 am By JD Alois  |  

The University of Agder’s School of Business and Law Crowdfunding Research Centre has kicked off the European Crowdfunding Market Survey. The survey is being supported by the following entities: Bulgarian Fintech Association (Bulgaria) Bundesverband Crowdfunding eV (Germany) Czech and Slovak Crowdfunding Association (Czech Republic and… Read More

May 24, 2023 @ 11:22 am By JD Alois  |  

The European Commission has adopted a new “Retail Investment Package” that seeks to “empower retail investors.” The new policy is part of the European Union’s ongoing Capital Markets Union action plan. During the past few years, the Commission has been gathering and researching the proposals,… Read More

May 16, 2023 @ 3:17 pm By Omar Faridi  |  

The European Union (EU) brings crypto-assets, crypto-assets issuers, and crypto-asset service providers under a regulatory framework. Last month after several delays, the European Parliament adopted MiCA or Markets in Crypto-Assets regulation. This legislative development aims to allow all EU member states to provide digital asset… Read More

May 13, 2023 @ 2:47 pm By Omar Faridi  |  

Revolut announced its strategy for France over the next few years, including the launch of customer credit products towards the end of May 2023. At a recent press conference held in Paris hosted by Antoine Le Nel, VP of growth at Revolut, Le Nel said… Read More

April 28, 2023 @ 8:26 am By Omar Faridi  |  

Bitpanda are pleased to announce that Raiffeisenlandesbank NÖ-Wien, which forms part of Austria’s major banking group, has become the first major traditional bank in the European Union “to move into digital assets through a planned collaboration with Bitpanda Technology Solutions.” Since launching their digital Investment-as-a-Service… Read More

April 24, 2023 @ 8:50 am By JD Alois  |  

As was reported last week, the European Parliament approved MiCA, or Markets in Crypto-Assets legislation, which aims to make the EU a digital asset-friendly jurisdiction. At the same time, the Transfer of Funds regulation was approved, which requires crypto operators to identify their customers as… Read More

April 23, 2023 @ 6:07 pm By Omar Faridi  |  

The EU Parliament’s passing of the Markets in Crypto Act, or MiCA, on Thursday has been hailed as a “landmark moment” for cryptocurrencies that will “help drive prices” for the likes of Bitcoin. This, according to the CEO of an independent financial advisory, asset management and… Read More

April 20, 2023 @ 11:26 am By JD Alois  |  

The European Parliament has adopted MiCA or Markets in Crypto-Assets regulation. This legislative development means the European digital asset (crypto-asset) will now have a bespoke regulatory framework, allowing all EU member states to provide services under a harmonized environment. After several delays, MiCA was approved… Read More

April 17, 2023 @ 8:32 am By Omar Faridi  |  

Thunes, a global cross-border payments company, has been granted a new Payments Institution license by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France, which will enable the company “to send payments worldwide on behalf of its French or EU customers and partners.”… Read More

April 7, 2023 @ 12:28 pm By Omar Faridi  |  

MEPs approved stricter rules “to close existing gaps in combating money laundering, terrorist financing and evasion of sanctions” in the European Union. This past week, MEPs from the Economic and Monetary Affairs and Civil Liberties, Justice and Home Affairs committees “adopted their position on three… Read More

April 5, 2023 @ 9:13 am By Omar Faridi  |  

The second largest neobank in the European Union is reportedly launching in all 50 US states. bunq, a neobank in the EU, has filed an application for a US banking license with the FDIC in the state of New York. By applying for a bank… Read More

March 30, 2023 @ 8:47 am By Omar Faridi  |  

Smart contracts will reportedly have to include a “kill switch” under an update of the European Union’s (EU) Data Act which was recently released by the bloc’s member states on Monday (March 27, 2023). The European Union’s Council, which is focused on representing national governments,… Read More

March 20, 2023 @ 5:00 pm By JD Alois  |  

In 2020, rules were approved by the European Union to facilitate cross-border online capital formation for issuers raising up to €5 million. For platforms, they must seek approval from the relevant authority in their home member state. While the process has been a bit slow,… Read More

February 22, 2023 @ 8:08 am By Omar Faridi  |  

Klink Finance, a crypto startup based in London, has received its initial authorization to offer its cryptocurrency services across the European Union. Klink is “building a Prize Linked Wallet that offers cryptocurrency investors the opportunity to store their funds and earn regular rewards on top… Read More

February 16, 2023 @ 2:08 pm By JD Alois  |  

Wefunder, the top US platform for firms raising capital using Reg CF, has kicked off its European expansion with 12 securities offerings. As was reported last month, Wefunder was approved Wefunder was approved in the Netherlands to issue Securites under the new EU rules. ECSPRECSPR or European… Read More

February 16, 2023 @ 6:47 am By Omar Faridi  |  

The Bank of London, the next-generation technology company and the world’s first purpose-built global clearing, agency, and transaction bank, is delighted to announce “the appointment of Norbert Becker as Chair of the European Union (EU) region for the firm.” In addition to his role as… Read More