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“# German law allowing institutional funds to hold crypto comes into effect Aug. 2 ” Beginning on August 2, 2021, German institutional funds will be able to hold up to 20% of their assets in cryptocurrencies, possibly setting the stage for wider mainstream acceptance of Bitcoin (BTC) and other crypto assets by the nation’s pension…
“# EU entrusts $30M to new blockchain and digital assets fund ” Analysts have long decried the European Union’s lack of homegrown tech giants, pointing to the gulf between the bloc and counterparts like the United States and China. However, the EU now appears to be making moves to up its investments in innovative technologies. The…
“#EU pushes for changes to Google’s flight and hotel search results” The European Union is pushing for clarity from Google about how the company processes flight and hotel searches. The tech giant must explain why it ranks certain flights and hotels above others and provide more clarity about how it calculates prices, European Union regulators…
“# New EU proposal looks to tighten regulations for sending cryptocurrency ” The European Commission has submitted a new proposal which would require crypto-asset service providers to collect additional anti-money laundering, or AML, information from users who utilize cryptocurrency for money transfers. The stated purpose of this proposal is to prevent the further propagation of…
“# French government pushes for one agency to regulate crypto across the EU ” The government of France has proposed that the European Securities and Market Authority, or ESMA, should regulate digital currency activity across the European Union. If enacted, this would establish a single authority over the crypto sector across the trading bloc and…
“#Europe floods show need to curb emissions, adapt” BRUSSELS — Just as the European Union was announcing plans to spend billions of euros to contain climate change, massive clouds gathered over Germany and nearby nations to unleash an unprecedented storm that left death and destruction in its wake. Despite ample warnings, politicians and weather forecasters…
“#US and allies blame China for massive Microsoft email hack” The US and its allies slammed China on Monday for a wide range of “malicious cyber activities” — including a massive hack of Microsoft’s email service earlier this year that exposed the private information of thousands of Americans. In a scathing statement, the White House…
“#Europe’s climate masterplan aims to slash emissions within a decade” BRUSSELS, July 12 – The European Union is set to take the lead in climate policy action among the world’s biggest greenhouse gas emitters this week, with a raft of ambitious plans designed to cut emissions drastically over the next decade. The policies, if approved,…
“#EU fines German car makers $1B over emission collusion” BRUSSELS — The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems. Daimler, BMW and Volkswagen along with its Audi and Porsche divisions avoided competing on technology to…
“#EU fines Volkswagen, BMW $1 billion for emissions cartel” The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems. Daimler, BMW and Volkswagen along with its Audi and Porsche divisions avoided competing on technology to restrict pollution…