The European Systemic Risk Board (ESRB) issued a set of recommendations on May 25, 2023, aimed at preventing potential shocks in the crypto sector from endangering financial stability in the European Union (EU). ESRB's recommendations include implementing rules for investment funds, exchanges, and other businesses dealing with cryptoassets, as well ...
The Economic and Financial Affairs Council of the European Union granted final approval to the Markets in Crypto-Assets (MiCA) legislation on May 16, 2023, following unanimous support from the finance ministers of all 27 member states. In addition to the approval of MiCA, the European Council also approved two other ...
The European Union is making significant progress towards implementing the AI Act, which is poised to become the world's first comprehensive legislation governing the use of AI technology. On May 11, 2023, European legislators approved a stricter draft of legislation that aims to regulate various aspects of artificial intelligence tools. ...
The European Parliament has approved the first set of EU regulations called Markets in Crypto Assets (MiCA), designed to prevent money laundering, track transfers of digital assets, and address customer protection and supervision. According to the statement by the National Security and Stock Market Commission of Ukraine, MiCA will encompass ...
After two consecutive delays, the European Parliament has finally held a final vote on the Markets in Crypto-Assets Act (MiCA). The regulation, originally proposed in 2020, now needs to be approved by the European Council to become an official regulation. Following the vote on April 20, Stefan Verger, MiCA's rapporteur ...
The European Commission has created a new research unit to investigate the effects of algorithms used by prominent online platforms and search engines such as Facebook and Google. On April 18, 2023, the European Centre for Algorithmic Transparency (ECAT), a research organization, began its operations with the aim of helping ...
A group of twelve European Union (EU) politicians has released a statement calling for the safe development of artificial intelligence (AI) in response to a warning from Google's CEO, Sundar Pichai, about the dangers of unleashing powerful AI technology before society is ready. On April 17, 2023, Dragoș Tudorache, an ...
FTX EU, the European division of the now-bankrupt cryptocurrency exchange, FTX, has launched a new website that allows European customers to request withdrawals of their funds trapped in the exchange. As per a report from Finance Magnates, the Cyprus Securities and Exchange Commission (CySEC) granted approval for the new website ...
