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“# Hungary plans Bitcoin tax cut as part of economic recovery program ” Cryptocurrency investors in Hungary could be getting a major tax break very soon, as lawmakers seek to make the central European country more competitive in the wake of the COVID-19 pandemic. In a video that appeared on Facebook Tuesday, Finance Minister Mihály…
“# Stablecoins present new dilemmas for regulators as mass adoption looms ” Stablecoins present peculiar challenges to regulators. Although there is no single, agreed-upon definition of a stablecoin, the common denominator of the commonly used definitions is that stablecoins are designed to maintain a stable value in relation to a specified currency, asset or pool…
“# Digital euro’s privacy promise not worth a centralized system, Oasis exec says ” When European Central Bank board member Fabio Panetta addressed the European Union Committee on Economic and Monetary Affairs in April, he emphasized the importance of privacy in any potential future CBDC rollout. The ECB had conducted a public consultation on the…
“#EU accuses Apple of antitrust breach following Spotify complaint” European Union regulators accused Apple on Friday of violating the bloc’s antitrust laws, alleging the iPhone maker distorts competition for music streaming by imposing unfair rules for rival services in its App Store. The EU’s executive Commission said it objected to Apple’s rules for music streaming…
“# 100M euro digital bond was a CBDC test, says Banque de France ” It turns out the 100 million euro digital bond issued by the European Investment Bank earlier this week was actually a trial of a European central bank-issued digital currency, or CBDC. An April 28 announcement from France’s central bank, Banque de…
“# Swiss Stock Exchange SIX and Borse Xetra list physically backed Ether ETP ” New York-based exchange-traded product sponsor and asset manager WisdomTree is expanding its digital assets range with the launch of a new Ether (ETH) exchange-traded product on two European stock exchanges. Borse Xetra and Swiss stock exchange SIX have both listed WisdomTree’s…
“# Irish crypto firms must comply with money laundering laws for the first time ” Ireland’s crypto businesses have become subject to regulatory oversight for the first time, with local digital asset firms now observing anti-money laundering guidelines set out by the European Union, or EU. The EU’s Fifth Anti-Money Laundering Directive, or 5AMLD, was…
“# Brexit and fintech: A spring stocktake ” It has been four months since the Brexit trade deal came into effect between the United Kingdom and the European Union. The deal, in common with other free trade agreements, does very little to support the export of financial services from the U.K. into the single market….
“#Facial recognition should be banned, EU privacy watchdog says” BRUSSELS, April 23 – Facial recognition should be banned in Europe because of its “deep and non-democratic intrusion” into people’s private lives, EU privacy watchdog the European Data Protection Supervisor (EDPS) said on Friday. The comments come two days after the European Commission proposed draft rules that would allow facial recognition to be used to search for missing children or criminals and…
“#TikTok faces claim for billions in London child privacy lawsuit” TikTok, the wildly popular video app, and its Chinese parent ByteDance could face a damages claim worth billions of pounds (dollars) in London’s High Court over allegations they illegally harvested the private data of millions of European children. Anne Longfield, the former Children’s Commissioner for…