The European Commission announced Wednesday (October 10) that it plans to provide European Union states with guidelines for handling national schemes to sell passports and residency permits to wealthy foreigners. Reuters, citing the European Commission, reported that the move comes as lawmakers and those running for office have been raising concerns about money laundering. Reuters […]
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It’s almost five months since Europe’s General Data Protection Regulation (GDPR) went into effect. Although the initial buzz around the sweeping legislation has died down, we’ve seen momentum in the United States toward stricter state data privacy laws such as California’s Consumer Privacy Act (CCPA) as well as possible federal legislation. More laws, mean more tools. […]
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Blockchain isn’t a solution to the UK’s post-Brexit Irish border dilemma. Blockchain has one new supporter: the UK finance minister Philip Hammond. Quizzed at the Conservative Party conference on how the UK government might solve Brexit’s UK-Irish border issue, he suggested that blockchain technology may be a solution. “There is technology becoming available […] I […]
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Could APIs be the missing link in the quest for world banking services domination? One startup seems to think so. APIs are being used across the financial landscape to help traditional banks and FinTechs deliver products to a wider audience, including underbanked populations. This means developers can tap them to extend financial benefits to users […]
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Google is readying an appeal of the European Union’s record €4.34bn fine, which it was slapped with in July over its Android mobile operating system. According to the Financial Times, Google has until Wednesday (October 10) to file an appeal with the European Court of Justice against the European Union decision which was meted out […]
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The European securities watchdog is studying ICOs to see how it fits into existing regulation, as well as their impact on competition in the capital raising sector. The European Securities and Markets Authority (ESMA) has announced it is examining Initial Coin Offerings (ICOs) to determine how they should be regulated, Reuters reported Oct. 8. The […]
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Microsoft, the software giant, is expected to win antitrust approval for its $7.5 billion acquisition of GitHub, the coding website. Reuters, citing two people familiar with the matter, reported on Monday (Oct. 8) that the European Union will approve the deal with no conditions. Marking its largest acquisition since it acquired LinkedIn in 2016 for $26 billion, […]
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More governments are tracking crypto, but ways to stay anonymous remain. Much noise has been made about the untraceable qualities of Bitcoin and other cryptocurrencies. Bitcoin “can be used to buy merchandise anonymously” said early primers on crypto, it offers users the kind of financial privacy that was previously available only from a “Swiss bank […]
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The E.U. markets watchdog has set a budget for an initiative to monitor fintech and crypto assets in its 2019 work program. The European Securities and Markets Authority (ESMA) has budgeted over 1 million euro for monitoring fintech and crypto assets, according to a document published Oct. 4. Founded in 2011 in Paris, the ESMA […]
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An Oxford Business Law Blog contributor thinks that the process of blockchain regulation might help with mass adoption. Anastasios A. Antoniou, a member of the EU Blockchain Observatory and Forum, thinks that blockchain has to find its place within a regulatory framework rather than evade it, according to his post published in the Oxford Business […]
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