Tag: European Parliament
European football welcomes EU AML rules to ‘tackle financial crime’
European football has responded to new AML requirements introduced last week by the EU. Football leadership details that it will work closely with political...
EU 10 second instant payment rules to come into effect after...
Payment service providers active in the EU will now be required under European Commission regulations to offer merchants instant payments within 10 seconds.The implementation...
EU AML authority to set up shop in Frankfurt in 2025
The European Council and European Parliament have agreed to launch a dedicated AML and counter-terrorist financing (CTF) authority located in the German city of...
Timelines for EU instant payment goals ‘extremely ambitious’
The Council and the European Parliament reaching a political agreement on the instant payments proposal has been widely praised by the finance sector, however,...
European Parliament underlines the risks of Digital Euro
A Digital Euro being rolled out across the continent suffered a setback as a paper prepared for the European Parliament underlined the risks involved. It...
EU’s MiCA crypto bill passes to come into effect in 2024
The European Parliament has voted 529 in favour of a landmark cryptocurrency regulation - Markets in Crypto Assets (MiCA) - that could shape the...
Banks holding crypto could be capped by new EU ruling
The European Parliament is considering a cap on European Union (EU) banks that are holding Bitcoin under new amendments to the financial-services law. The proposal...
EU trident agrees upon new framework to regulate the ‘crypto wild...
A provisional agreement between the European Union Council, Parliament and Commission has concluded on a new regulatory framework to collect data from crypto transactions...
European Union planning a ban on interest of stablecoins
Patrick Hansen, Head of Strategy of DeFi-powered firm Unstoppable Finance, has stated that the EU will look to ban interest rates connected with stablecoins.The...
MEPs outline strong AI and ADM protections for consumers
Members of the European Parliament have outlined they want to implement a heightened set of rights to protect consumers in the wake of the...
