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

EU May Regulate How Gig Platforms Use Algorithms
EU May Regulate How Gig Platforms Use Algorithms
December 14, 2021  |  Regulation

The European Union announced on Dec. 9 a legislative package with proposals to improve the working conditions of people using digital labor platforms. While many...

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Facebook Faces Lawsuits Over Alleged Privacy Violations  
Facebook Faces Lawsuits Over Alleged Privacy Violations  
December 02, 2021  |  Facebook

Social media giant Facebook could face potential litigation from European consumer groups stemming from its collection of personal information related to games available on the...

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EU Competition Chief Urges Final Push To Pass Big Tech Rules
EU Competition Chief Urges Final Push To Pass Big Tech Rules
November 29, 2021  |  Regulation

Legislation regulating Big Tech should be approved ASAP by the European Parliament and European Council because “it is best to get 80 percent now than...

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European Banks Seek EU Exemptions to Access London Trading Markets
European Banks Seek EU Exemptions to Access London Trading Markets
November 28, 2021  |  International

Banking groups in the Eurozone want access to the London derivatives trading market — a multi-trillion dollar market — and other major markets. Finance trade...

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EU’s Digital Market Act Clears Hurdle, Would Set Restrictions on Social Media Platforms
EU’s Digital Market Act Clears Hurdle, Would Set Restrictions on Social Media Platforms
November 28, 2021  |  Regulation

The European Parliament Committee on Internal Market and Consumer Protection (IMCO) has approved the Digital Markets Act (DMA) to put more stringent rules about big...

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Brussels Proposes End to Banks’ Cross-Border Services Sales from Outside EU
Brussels Proposes End to Banks’ Cross-Border Services Sales from Outside EU
November 22, 2021  |  Cross Border Commerce

Brussels has proposed an end to almost all cross-border selling of services by banks based outside the European Union, according to a Financial Times report...

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Big Tech Firms Reset After New EU Regulations; Microsoft Has Its Eyes on Sweden
Big Tech Firms Reset After New EU Regulations; Microsoft Has Its Eyes on Sweden
November 19, 2021  |  Big Tech

Big Tech firms didn’t have it easy last week, as the European Union clamped down on some of the world’s largest technology companies with hefty...

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The MiCA Framework Seeks to Govern Stablecoin Issuance in EU
The MiCA Framework Seeks to Govern Stablecoin Issuance in EU
November 12, 2021  |  Regulation

The blockchain space continues to boom, and recent data from the International Monetary Fund (IMF) shows that the market capitalization of stablecoins – digital currencies...

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GDPR Fines Exceed $1.1B in Q3
GDPR Fines Exceed $1.1B in Q3
October 04, 2021  |  Regulation

The General Data Protection Regulation (GDPR)’s 984.47 million euro fines (more than $1.14 billion) in the third quarter of 2021 was almost 20 times higher...

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