United Kingdom’s digital pound meets public backlash — Why?
The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency? Go to Source Powered by WPeMatico
Europe
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Europe’s first spot Bitcoin ETF eyes 2023 debut after a year-long delay
Jacob Asset Management got approval from the Guernsey financial regulator in October 2021 and was set to debut on Euronext Amsterdam Exchange in July last year. Go to Source Powered by WPeMatico
‘Extended reality’ to create 860K jobs by 2025: EU Commission
The European Commission has laid out its plans for becoming a “world leader” in Web 4.0 and the Metaverse. Go to Source Powered by WPeMatico
European trade body warns against the exclusion of DeFi from MiCA
The trade body recommended creating a taxonomy for the DeFi ecosystem and a consistent regulatory framework along with different levels of centralization. Go to Source Powered by WPeMatico
EU blockchain sandbox unveils first 20 use cases after wave of applications
According to the European Commission, 20 projects have been selected in the first cohort to receive legal advice and regulatory guidance. Go to Source Powered by WPeMatico
EU finalizes Data Act with a kill switch for smart contracts: Law Decoded, June 27–July 3
European Union lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. Go to Source Powered by WPeMatico
The EU’s AI regulations sparked a letter signed by 160 tech execs
As the EU works on its upcoming AI bill, executives from 160 companies in the industry drafted an open letter on the implications of too strict regulations. Go to Source Powered by WPeMatico
Slovakian parliament votes in approval of lower crypto taxes
A parliamentary vote held by officials in Slovakia approved an amendment that will reduce the taxation of cryptocurrencies, which is currently on a sliding scale. Go to Source Powered by WPeMatico
European Commission aims for universal acceptance with Digital Euro proposal
With this move, the European Commission aims to open up the payments market that has been controlled by banks, Visa and Mastercard. Go to Source Powered by WPeMatico
EU finalizes controversial smart contract kill switch rules under Data Act
The Data Act was first proposed in early 2022 and passed by the European parliament on March 14. Go to Source Powered by WPeMatico
