EU lays out a new vision of the digital future
The European Union has unveiled a new strategy to get ahead in the global battle for digital supremacy.
EU Parliament states Virtual Currencies cannot be anonymous
The European Parliament recently published a report detailing amendments to the Directive on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. "Virtual currencies are a marginal phenomenon at present,” the Parliament states, “it is possible that they will become increasingly important."
European Commission ‘actively monitoring’ Blockchain developments
The Vice-President of the European Commission, Andrus Ansip, recently provided details on initiatives, projects and partnerships to foster decentralised innovation ecosystems in Europe. “The Commission is actively monitoring Blockchain and DLT developments,” he said.
The Distributed Ledger Technology Applied to Securities Markets
This report sets out ESMAâs view on DLT, its possible applications, benefits, risks and how it maps to existing EU regulation. ESMAâs position is that regulatory action is premature at this stage, considering that the technology is still at an early stage.
Nasdaq offers opinion on the EU Capital Markets Union
The financial and sovereign debt crisis has taken a heavy toll on EU growth performance. Significant GDP loss occurred in many developed countries, and became permanent.
Commission presents Action Plan to strengthen the fight against terrorist financing
The European Commission presents an Action Plan to strengthen the fight against the financing of terrorism. The recent terrorist attacks in the European Union and beyond demonstrate the need for a strong coordinated European response to combatting terrorism. The European Agenda for Security had identified a number of areas to improve the fight against terrorist financing. Today's comprehensive Action Plan will deliver a strong and swift response to the current challenges, building on existing EU rules and complementing them where necessary. Through concrete measures, it will adapt or propose additional rules to deal with new threats.
Communication From The Commission To The European Parliament And The Council On An Action Plan For Strengthening The Fight Against Terrorist Financing
This Communication presents an action plan to further step up the fight against the financing of terrorism, building on existing EU rules to adapt to new threats and updating our policy and practices in line with international standards. There are also many ways in which Member States can act already to use the existing framework better.
European Parliament discusses Bitcoin and virtual currencies for the first time
The Committee on Economic and Monetary Affairs of the European Parliament spent an hour and a half discussing bitcoin and virtual currencies on Monday, although more questions were asked than answered.
Virtual currencies: what are the risks and benefits?
Are virtual currencies an opportunity to transfer money more cheaply or just a way for criminals to trade in illegal goods? The Parliament's economic committee held a hearing in January to discuss the issues involved with experts, who told them EU regulation should not go beyond preventing and fighting crime. Parliament is currently working on a report on virtual currencies, which the economic committee is expected to vote on in April.
Perspective on the structure of the Dutch banking sector
This vision paper focuses on the structure of the Dutch banking sector, within the context of the European banking union. The guiding principle of this vision paper is the promotion of a stable and efficient provision of services by the banking sector to its customers.
Changes in modus operandi of Islamic State terrorist attacks
Review held by experts from Member States and Europol on 29 November and 1 December 2015. Assessing changes in modus operandi of IS and other religiously inspired terrorist groups provides a better understanding of the threat these groups pose to Member States of the EU. It supports the development of likely future scenarios, based on which Member States can be better prepared for future attacks. It also stimulates the early exchange of information and intelligence between CT units.
The Evolution Of Third Party Payment Providers And Cryptocurrencies Under The Eu’s Upcoming Psd2 And Amld4
This paper critically assesses current legislation and ongoing legislative initiatives for their inclusion of TPP's. It also sets out the potential for the regulation of cryptocurrency in terms of combatting money laundering and terrorist financing.
Poland Ministry of Finance Calls for EU-Level Bitcoin Regulation
Polandâs Ministry of Finance provided a written statement in response to a request for information filed by two Polish Members of Parliament (MPs), Jan Warzecha and Bogdan RzoÅca
Commission presses Member States on VAT revenue collection
This important study highlights once again the need for further reform in VAT collection systems across the EU. I urge Member States to take the steps needed to fight tax evasion and tax fraud at all levels. This remains a burning issue and is at the top of this Commission's agenda."
Call for evidence: Investment using virtual currency or distributed ledger technology
ESMA has been monitoring and analysing virtual currency investment over the last 6 months, to understand developments in the market, potential benefits or risks for investors, market integrity or financial stability, and to support the functioning of the EU single market
