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EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
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South Korea Implements Legal Framework to Protect Crypto Community Against Financial Risks: All Details
South Korea has deployed a list of rules to be followed by crypto companies. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing.
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22 Arrested With Villas, Cars, Gold Worth $652 Million In EU Covid Fund Fraud
Italian police said on Thursday they had arrested 22 people and seized assets from villas to Rolexes worth over 600 million euros ($652 million) as part of an investigation into alleged fraud tied to European Union and Italian funding schemes.
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European Union Agrees 5 Billion Euro Boost For Ukraine Military Aid Fund
EU member states on Wednesday agreed to add five billion euros ($5.5 billion) to a central fund to pay for weapons sent to Ukraine, officials said.
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EU Parliament Approves Ban On Foreign Funding Of Political Ads
EU lawmakers on Tuesday adopted new rules on political advertising that seek to bolster protection from foreign interference in European elections.
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ChatGPT Parent OpenAI Announces $100,000 Grant for Ideas on AI Governance to Address Bias
OpenAI, the startup behind the popular ChatGPT artificial intelligence chatbot, said Thursday it will award 10 equal grants from a fund of $1 million (roughly Rs. 8.2 crore) for experiments in democratic processes to determine how AI software should be governed to address bias and other factors.
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EU's Chips Act Said to Get Approval on April 18, Likely to Cut EU's Reliance on US and Asian Semiconductors
The European Union's EUR 43 billion (nearly Rs. 3,84,120 crore) plan to boost its semiconductor industry and catch up with the United States and Asia is likely to get the green light from EU countries and lawmakers on April 18, people with direct knowledge of the matter said on Wednesday. The European Commission announced the Chips Act last year in...
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Deal Reached On "Loss And Damage" Fund At UN Climate Talks: Report
A deal was reached at UN climate talks on Saturday on creating a fund to cover the losses suffered by vulnerable countries hit by extreme weather, an EU source said.
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Pentagon, EU Said to Consider Funding Access to Elon Musk's Starlink Satellite Internet Network in Ukraine
The Pentagon is said to be considering funding Internet access in Ukraine via Elon Musk's Starlink satellite Internet service, according a report. Musk recently said SpaceX spends nearly $20 million (roughly Rs. 165 crore) a month for maintaining satellite services in Ukraine and that the company has spent about $80 million (roughly Rs. 660 crore) ...
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Google Says Decade-Old Demand for Shared Network Costs by EU Telecom Operators is Bad for Consumers
Google has stated that European telecom operators' demand to get Big Tech to help fund network costs was a ten-year-old idea and was bad for consumers. EU operators like Deutsche Telekom, Orange, Telefonica and others have long complained that tech giants use a huge part of internet traffic on their networks and should contribute financially. Googl...
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Italy's Government to Provide Subsidies of Up to $46 Million for Blockchain Companies
The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46 million (roughly Rs. 364 crore) in government subsidies starting from September.
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CoinShares Acquires Napolean Asset Management as Part of European Union Expansion
CoinShares has officially purchased French fintech firm — Napolean Asset Management — for an undisclosed amount. The completion of this acquisition comes after France’s top financial regulator, the Autorité des Marchés Financiers, granted all necessary approvals. CoinShares will now provide services around Exchange-Traded Products (ETPs) an...
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Russia Could Take to Bitcoin Mining to Evade Sanctions, Warns IMF in New Global Financial Stability Report
The International Monetary Fund (IMF) has mentioned in a new financial stability report that Russia could evade economic sanctions levied in the wake of its invasion of Ukraine by pivoting to cryptocurrency mining.
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EU Parliament Votes in Favour of Regulation That Could Impact Unhosted Crypto Wallets
In another installment of the European Union’s discussions on the controversial Transfer of Funds Regulation (TFR), the European Parliament’s Committee for Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties, Justice and Home Affairs (LIBE) have passed a controversial draft that could exert a negative impact on the industr...
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European Union to Vote on Proposal That Could Make Things Difficult for Non-Custodial Wallets
The European Parliament Committee on Economic and Monetary Affairs will vote on an Anti-Money Laundering (AML) regulatory package soon. The package seeks to revise the current 'Transfer of Funds Regulation' (TFR) in a way that requires financial institutions to attach information of transacting parties when dealing in crypto assets.
-
EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
-
South Korea Implements Legal Framework to Protect Crypto Community Against Financial Risks: All Details
South Korea has deployed a list of rules to be followed by crypto companies. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing.
-
22 Arrested With Villas, Cars, Gold Worth $652 Million In EU Covid Fund Fraud
Italian police said on Thursday they had arrested 22 people and seized assets from villas to Rolexes worth over 600 million euros ($652 million) as part of an investigation into alleged fraud tied to European Union and Italian funding schemes.
-
European Union Agrees 5 Billion Euro Boost For Ukraine Military Aid Fund
EU member states on Wednesday agreed to add five billion euros ($5.5 billion) to a central fund to pay for weapons sent to Ukraine, officials said.
-
EU Parliament Approves Ban On Foreign Funding Of Political Ads
EU lawmakers on Tuesday adopted new rules on political advertising that seek to bolster protection from foreign interference in European elections.
-
ChatGPT Parent OpenAI Announces $100,000 Grant for Ideas on AI Governance to Address Bias
OpenAI, the startup behind the popular ChatGPT artificial intelligence chatbot, said Thursday it will award 10 equal grants from a fund of $1 million (roughly Rs. 8.2 crore) for experiments in democratic processes to determine how AI software should be governed to address bias and other factors.
-
EU's Chips Act Said to Get Approval on April 18, Likely to Cut EU's Reliance on US and Asian Semiconductors
The European Union's EUR 43 billion (nearly Rs. 3,84,120 crore) plan to boost its semiconductor industry and catch up with the United States and Asia is likely to get the green light from EU countries and lawmakers on April 18, people with direct knowledge of the matter said on Wednesday. The European Commission announced the Chips Act last year in...
-
Deal Reached On "Loss And Damage" Fund At UN Climate Talks: Report
A deal was reached at UN climate talks on Saturday on creating a fund to cover the losses suffered by vulnerable countries hit by extreme weather, an EU source said.
-
Pentagon, EU Said to Consider Funding Access to Elon Musk's Starlink Satellite Internet Network in Ukraine
The Pentagon is said to be considering funding Internet access in Ukraine via Elon Musk's Starlink satellite Internet service, according a report. Musk recently said SpaceX spends nearly $20 million (roughly Rs. 165 crore) a month for maintaining satellite services in Ukraine and that the company has spent about $80 million (roughly Rs. 660 crore) ...
-
Google Says Decade-Old Demand for Shared Network Costs by EU Telecom Operators is Bad for Consumers
Google has stated that European telecom operators' demand to get Big Tech to help fund network costs was a ten-year-old idea and was bad for consumers. EU operators like Deutsche Telekom, Orange, Telefonica and others have long complained that tech giants use a huge part of internet traffic on their networks and should contribute financially. Googl...
-
Italy's Government to Provide Subsidies of Up to $46 Million for Blockchain Companies
The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46 million (roughly Rs. 364 crore) in government subsidies starting from September.
-
CoinShares Acquires Napolean Asset Management as Part of European Union Expansion
CoinShares has officially purchased French fintech firm — Napolean Asset Management — for an undisclosed amount. The completion of this acquisition comes after France’s top financial regulator, the Autorité des Marchés Financiers, granted all necessary approvals. CoinShares will now provide services around Exchange-Traded Products (ETPs) an...
-
Russia Could Take to Bitcoin Mining to Evade Sanctions, Warns IMF in New Global Financial Stability Report
The International Monetary Fund (IMF) has mentioned in a new financial stability report that Russia could evade economic sanctions levied in the wake of its invasion of Ukraine by pivoting to cryptocurrency mining.
-
EU Parliament Votes in Favour of Regulation That Could Impact Unhosted Crypto Wallets
In another installment of the European Union’s discussions on the controversial Transfer of Funds Regulation (TFR), the European Parliament’s Committee for Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties, Justice and Home Affairs (LIBE) have passed a controversial draft that could exert a negative impact on the industr...
-
European Union to Vote on Proposal That Could Make Things Difficult for Non-Custodial Wallets
The European Parliament Committee on Economic and Monetary Affairs will vote on an Anti-Money Laundering (AML) regulatory package soon. The package seeks to revise the current 'Transfer of Funds Regulation' (TFR) in a way that requires financial institutions to attach information of transacting parties when dealing in crypto assets.
