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The final vote for the European Union’s crypto regulation bill, MiCA, has been postponed until April 2023 due to technical difficulties.
MiCA, regulation, European Commission, cryptocurrency, digital assets
The Digital Operational Resilience Act (DORA), published in the Official Journal of the European Union, has come into force on 16 January 2023 and it applies starting with the 17th.
regulation, European Commission, financial services, fintech, risk management
The EU Commission has approved the merger of mobile payment companies MobilePay and Vipps into a new corporate group.
merger, mobile payments, digital wallet, cross-border payments, cross-border ecommerce, online payments, European Commission
An open digital ecosystem built on strong pillars of modularity and interoperability requires harmonisation across the entire European continent, writes Roland Eichenauer, VP & Head of Business Development, eSecurity & Digitisation at Nets, part of Nexi Group.
EIDAS, digital wallet, digital identity, digital payments, digitalisation, digital onboarding, digital verification, identity verification, identity method, online payments, online security, European Commission
The European Union has agreed on the legal text for licensed crypto firms, by passing the landmark Markets in Crypto Asset regulation (MiCA).
European Commission, European Union, AML, MiCA, money laundering, cryptocurrency, stablecoin
European Union lawmakers have reportedly given their final approval to its ecommerce-focused regulation – The Digital Services Act.
regulation, European Commission, ecommerce, digital payments, online shopping
The Spanish Ministry of Economy has announced plans to limit commissions of credit and debit cards from the current 2 percent to 0.3% and 0.2%, respectively.
expansion, payment processing, European Commission, credit card, debit card
Monica Monaco, Owner and Managing Director at Trust EU Affairs, shares her views on Europe’s approach to Open Finance and EC`s initiatives to further Open Finance legislation.
Open Finance, European Commission, PSD2, GDPR, regulation
Maike Jansen, Public Affairs Advisor at Ecommerce Europe, shares insights on VBER, the set of rules that will be adopted by the European Commission in 2022, aiming to protect fair competition within the European Single Market
Ecommerce Europe, cross-border ecommerce, VBER, European Commission, omnichannel, marketplace, ecommerce, retail
The European Parliament has approved the draft text of the Data Governance Act (DGA).
European Commission, GDPR, data protection, data privacy
The European Central Bank’s (ECB) research has explained that the ability to make instant payments, including P2P, is a priority for a digital euro.
European Commission, digital euro, biometric authentication, multi-factor authentication
The European Parliament is said to vote on an amendment to its AML legislation that regulates unhosted wallets and forces cryptocurrency exchanges to provide details of their customer’s anonymous transactions.
regulation, European Commission, AML, cryptocurrency, cryptocurrency exchange, crypto asset, virtual asset
The Paypers has compiled thorough research on the financial sanctions imposed on the Russian Federation in the last two weeks. We aimed to help create a clearer picture of the complex economic machinations that the global payments, banking, and ecommerce ecosystems are faced with
Russia Ukraine War, European Commission, Visa, MasterCard, American Express, central bank, financial sanctions
The European Commission has announced it is planning to propose a bill for a digital euro early in 2023.
European Commission, digital currency, CBDC, central bank, cryptocurrency
The European Commission has announced its intention to legislate on instant payments to accelerate their adoption across the EU, according to AltFi.
SEPA, European Commission, European Payments Council, regulation, instant payments
The three European Supervisory Authorities (EBA, EIOPA, and ESMA) have published a joint report in response to the European Commission’s February 2021 Call for Advice on Digital Finance.
EBA, regulation, European Commission, digital banking, ecommerce platform
The European Commission has presented a new initiative to fight fake shell entities for improper tax purposes.
European Commission, regulation, transaction monitoring, Open Data Economy, tax evasion , cross-border ecommerce, cross-border payments
The European Central Bank’s Governing Council has announced a new framework for electronic payments.
European Commission, regulation, e-wallet, e-money, central bank, crypto asset, online payments
Is the digital euro closer to being a reality? Isabelle Corbett of R3 goes into details on what can make this CBDC project happen
digital currency, CBDC, central bank, European Commission, blockchain
Alfredo Soria, Plug and Play: Data capture, building tools and knowledge to improve risk modeling, and stress testing can be valuable allies when building a sustainability policy
financial data, risk management, ESG, European Commission, fintech, COVID-19