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“#Google’s ‘stranglehold’ on online ads targeted by EU publishers in complaint” Google was hit with an antitrust complaint from a coalition of publishers in the European Union on Friday, who argued that the company has “stranglehold” over the online ad market that threatens the news industry. The European Publishers Council — which includes the CEOs of…
“# EU finance chief says digital euro bill coming in early 2023 ” The European Commission has announced that a bill for a digital euro will be proposed in 2023. As first reported by Politico, EC finance chief Mairead McGuinness officially disclosed the EU’s formal consideration of digital euro legislation at a fintech conference on…
“# Vale Diem: How Facebook’s ambitious stablecoin project came to an end ” On Jan. 31, Meta, formerly known as Facebook, announced that it was pulling from its stablecoin project, Diem, formerly known as Libra. Intellectual property and other assets related to the operations of the Diem Payment Network were to be sold to Silvergate…
“#Publishers ask EU to stop Google from removing cookies” German media companies want the European Union to prevent Google from removing third-party cookies from its Chrome browser, claiming the move will eat into critical ad revenues for news organizations. Axel Springer and hundreds of other publishers, advertisers, and content providers claim that Google parent Alphabet…
“# How should DeFi be regulated? A European approach to decentralization ” Decentralized finance, known as DeFi, is a new use of blockchain technology that is growing rapidly, with over $237 billion in value locked up in DeFi projects as of January 2022. Regulators are aware of this phenomenon and are beginning to act to…
“# Bulgaria’s finance minister says country is exploring crypto payment options: report ” Assen Vassilev, Bulgaria’s Deputy Prime Minister for EU Funds and Minister of Finance, said the EU member nation is exploring options for rolling out a crypto payment mechanism. According to a Friday Bloomberg report, Vassilev said the government was in discussion with…
“#EU regulator wants ban on energy-intensive bitcoin mining” The European Union should ban a form of bitcoin mining that uses up an excessive amount of energy because it poses a threat to the continent’s climate goals, according to one of the bloc’s top financial regulators. Erik Thedéen, the vice chairman of the European Securities and…
“# Iota selected for Phase 2A of EU blockchain initiative ” On Thursday, the Iota Foundation, which oversees developments in the namesake Internet-of-Things transactions blockchain (IOTA), announced that it had been selected as one of five contractors by the European Commission to develop blockchain and distributed ledger technology in the region. According to the announcement,…
“# EU regulator calls for public input on DLT for trading and settlement ” The European Securities and Markets Authority (ESMA) is seeking stakeholder input on the use of distributed ledger technology for securities trading and settlements. The European Union’s securities regulator recently published a “call for evidence” to invite stakeholders to share their feedback…
“# Point of no return? Crypto investment products could be key to mass adoption ” The first Bitcoin (BTC) futures exchange-traded fund (ETF) was launched in the United States back on October 19, 2021. Since then, a number of other cryptocurrency investment products have been launched in various markets. That first ETF, the ProShares Bitcoin…