Tag: EU

  • European Union Approves Banks to Hold up to 2% of Capital in Bitcoin and Cryptocurrencies!

    European Union Approves Banks to Hold up to 2% of Capital in Bitcoin and Cryptocurrencies!

    In a significant regulatory development, the European Union (EU) has taken a pivotal step toward integrating cryptocurrencies into the financial system by voting to permit banks within the bloc to allocate a maximum of 2% of their capital to holdings in Bitcoin and other cryptocurrencies.

  • MEP Kaili Suspended From The Party Over A Money Laundering & Corruption Scandal!

    MEP Kaili Suspended From The Party Over A Money Laundering & Corruption Scandal!

    European Parliament Vice President Eva Kaili, a key figure in ongoing efforts to regulate cryptocurrencies in Europe, has been suspended by her party. It comes in response to reports that she and others are allegedly involved in a wide-ranging corruption scandal involving illegal lobbying for Qatar.

  • Fighting Cyber Treats – EU Provisional Agreement On Cybersecurity And Resilience!

    Fighting Cyber Treats – EU Provisional Agreement On Cybersecurity And Resilience!

    The EU is strengthening the IT protection of monetary entities, including banks, coverage corporations, and funding companies. On 10 Maz 2022, the EU Council presidency and the European Parliament reached a provisional agreement on the Digital Operational Resilience Act (DORA), which will make sure the financial sector in Europe is…