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Bank of Lithuania Calls For Uniform Regulation for Digital Financial Innovation Across Europe

Bank of Lithuania Calls For Uniform Regulation for Digital Financial Innovation Across Europe

Bank of Lithuania, Lietuvos Bankas, has proposed uniform regulations throughout the European Union in response to the European Commission’s consultations for the development of the digitalization of financial services in Europe.

European Commission Eyes Crypto Regulatory Framework with New Digital Finance Package

European Commission Eyes Crypto Regulatory Framework with New Digital Finance Package

The European Commission (EC) has unveiled a digital finance package that highlights legislative proposals on crypto assets and digital resilience.

European Commission Blockchain Report: The 3 Key Takeaways

European Commission Blockchain Report: The 3 Key Takeaways

Since the inception of Bitcoin, much hype and public attention have followed the development of cryptocurrencies their value being dismissed by many while others have become hoarders of crypto. Away from the uncertainty of cryptocurrency future value, one aspect of the technology is now squarely in the limelight—the blockchain platform or distributed ledger technology that make the currencies possible.

Ethereum Dominates European Blockchain Startup Scene

Ethereum Dominates European Blockchain Startup Scene

LeadBlock Partners, a European Venture Capital fund that invests in early-stage B2B Blockchain solutions, has announced that Ethereum is a prominent gamechanger among all the European blockchain startups.

European Union Parliament Considers Petition for Crypto Fraud Victims Fund

European Union Parliament Considers Petition for Crypto Fraud Victims Fund

European Union Parliament is considering a petition from a consortium of individuals and companies to establish a restitution fund for victims of crypto-fraud.

European Central Bank President: Coronavirus Has Accelerated Digital Currency Adoption

European Central Bank President: Coronavirus Has Accelerated Digital Currency Adoption

COVID-19 has led to an acceleration in digital payments adoption and technological innovation, as seen by the spending pattern of European citizens.

Feeling Left Out? EU Establishes Approximately €400m Blockchain & AI Fund

Feeling Left Out? EU Establishes Approximately €400m Blockchain & AI Fund

The European Commission and European Investment Fund (EIF) have launched a €2B fund to be invested in fundamental technologies. Nearly €300-€400M will be invested in blockchain and artificial intelligence (AI) amid fears that China and the US are setting a precedent in these areas.

European Crypto Miners Share Insights About Their Local Mining Industry

European Crypto Miners Share Insights About Their Local Mining Industry

dGen, a non-profit research organization, in its report, has revealed that the cryptocurrency miners in the European region believe that Europe's higher electricity prices as compared to that of Russia and China is due to the strict regulation, strong protections, and political stability.

European Central Bank Assesses Potential Digital Euro CBDC Issuance

European Central Bank Assesses Potential Digital Euro CBDC Issuance

The European Central Bank (ECB) evaluated whether a digital euro would be a beneficial addition to its financial system through an October report.

European Blockchain Service Infrastructure PCP to Begin—Why it Could Benefit XRP and BTC

European Blockchain Service Infrastructure PCP to Begin—Why it Could Benefit XRP and BTC

The EC seeks industry tenders for the European Blockchain Service Infrastructure (EBSI) - a European blockchain solution that could inadvertently see BTC and XRP soar.

Samsung Collaborates with Israel’s Credorax On Automated Blockchain Platform For Merchants

Samsung Collaborates with Israel’s Credorax On Automated Blockchain Platform For Merchants

Samsung SDS has signed an agreement with Israel’s fintech startup Credorax to build payment solutions to serve European merchants and banks.

Most European Regulators Have Scrutinized Facebook's Libra, Except One: Who’s the Odd One Out?

Most European Regulators Have Scrutinized Facebook's Libra, Except One: Who’s the Odd One Out?

Made up of more than two dozen companies and based in Geneva, a few of the founding members, including PayPal, Mastercard, Visa, Stripe, Booking Holdings, and eBay, decided to leave the Libra project. A five-member board governance board was formed after the Libra Association reaffirmed its commitment by holding its inaugural meeting in Geneva, Switzerland, on Oct. 14.

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