Germany plans to issue electronic shares on blockchain, boost startups
Under the Future Finance Act, the German government is pushing for more welcoming regulations for startups working with financial innovation. Go to Source Powered by WPeMatico
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Crypto firms needs to be ‘supervisable’, says ECB board member
“We need to put more thought into imagining what international coordination will look like and how it can be effective in regulating the crypto world,” said Elizabeth McCaul. Go to Source Powered by WPeMatico
European banks launch ‘sustainable’ blockchain platform for digital bonds
The platform makes the first use case of a so-called “Proof of Climate” blockchain protocol. Go to Source Powered by WPeMatico
Government requests for user data from Big Tech increased by 25%: data
Requests for user data from Big Tech companies such as Apple, Google and Microsoft continue to rise year after year from governments around the world. Go to Source Powered by WPeMatico
French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud
On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four French banks and one international … Read more
European Banking Federation shares its vision of digital euro, wCBDC, bank tokens
The EBF calls itself the voice of the European banking sector; it expressed its support for European digital money, with suggestions of its own. Go to Source Powered by WPeMatico
UBS’s acquisition of Credit Suisse brings some good and bad for crypto
Many in Switzerland have said that UBS’ takeover of Credit Suisse was necessary to avoid a calamitous banking crisis like that seen in 2008. Go to Source Powered by WPeMatico
European DeFi startups saw 120% increase in VC investment in 2022: Data
Despite the ongoing tumultuous market conditions, VC investments in European crypto startups hit an all-time high of $5.7 billion in 2022. Go to Source Powered by WPeMatico
Shares of Deutsche Bank, Other Euro Lenders Tumble
Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday. Deutsche Bank Credit Default Swaps Jump to 4-Year … Read more
European banks head into another weekend of uncertainty as default risks surge
An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system. Go to Source Powered by WPeMatico
