EU

The European Union is a political and economic union of 28 member states that are located primarily in Europe. Its members have a combined area of 4,475,757 km² and an estimated total population of about 513 million.

Source: en.wikipedia.org

European Commissioner: Crypto Rules Needed Worldwide
European Commissioner: Crypto Rules Needed Worldwide
January 19, 2023  |  Cryptocurrency

Cryptocurrency regulations need to be implemented around the world. So said European Commissioner Mairead McGuinness, who said it’s great the European Union (EU) has become...

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Germany’s Paid Training Leave Attempts to Plug Digital Skills Gap
Germany’s Paid Training Leave Attempts to Plug Digital Skills Gap
January 19, 2023  |  Connected Economy

The German government wants to introduce paid leave for employees to undergo training. In comments widely reported in the German media, Labor Minister Hubertus Heil...

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TikTok Joins Ranks of Tech Firms Facing EU Privacy Crackdown
TikTok Joins Ranks of Tech Firms Facing EU Privacy Crackdown
January 17, 2023  |  Regulation

A five million euro fine for privacy violations welcomes TikTok to an expensive club. It’s not the first time the Chinese company has been fined...

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Digital Pound’s Future Uncertain As Lawmakers Debate Financial Sector Oversight
Digital Pound’s Future Uncertain As Lawmakers Debate Financial Sector Oversight
January 16, 2023  |  emea

A digital pound consultation is expected to be published in “weeks not months.” The comments were made by city minister Andrew Griffith during a Treasury...

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Italy Reshapes Pro-Cash Strategy Amid Surge in Digital Payment Adoption
Italy Reshapes Pro-Cash Strategy Amid Surge in Digital Payment Adoption
January 15, 2023  |  Cash

Leading up to final approval, payments-related aspects of Italy’s 2023 budget were hotly debated. One of those debates ended up with the government backtracking on...

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Digitization Speeds Approvals, Closes Gaps in EU Trade Finance Sector
Digitization Speeds Approvals, Closes Gaps in EU Trade Finance Sector
January 12, 2023  |  B2B Payments

Digital technologies are driving innovation in trade finance, enabling faster decision-making and more streamlined processes. In the past, trade finance was bogged down by lengthy...

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EU Crypto Exchanges Capitalize on Post-FTX Uncertainty to Attract Users
EU Crypto Exchanges Capitalize on Post-FTX Uncertainty to Attract Users
January 12, 2023  |  Cryptocurrency

The EU cryptocurrency ecosystem has welcomed two new cryptocurrency exchanges this month. Following the sector’s renewed focus on risk management after the spectacular collapse of...

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EU Banks Risk Losing Customer Focus as They Reorganize
EU Banks Risk Losing Customer Focus as They Reorganize
January 10, 2023  |  Banking

Europe’s retail banking sector is battling weak consumer sentiment and the threat of loan defaults. To curb losses and adapt to a difficult consumer credit...

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Meta Fined $413M for GDPR Breaches
Meta Fined $413M for GDPR Breaches
January 04, 2023  |  Meta

Facebook parent company Meta is facing 390 million euros ($413.4 million) in fines. Ireland’s Data Protection Commission (DPC) said in a Wednesday (Jan. 4) press...

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