Meta won’t launch new AI products in EU, citing ‘regulatory uncertainty’

July 18, 2024 Coin Telegraph

Apple

The door is now wide open for Google and Microsoft to gain first movers' advantage over the entire continent.

Meta is the latest US-based tech giant to pause artificial intelligence releases in the European Union. The company joins Apple, who in June announced that it would be withholding several AI-powered iPhone features from customers in the EU.

Neither company, so far, has given a timeline or described what, exactly, needs to happen for the embargoes to lift, but both companies have cited “regulatory uncertainty” as the catalyst.

In a statement sent exclusively to Axios on July 17, a Meta spokesperson said:

New York introduces new bill to crack down on crypto rug pulls and private key theft

Elon Musk’s X could face $200M EU fines over alleged DSA violations

July 12, 2024 Coin Telegraph

Elon Musk’s X could face 0M EU fines over alleged DSA violations

Coin Telegraph

At the heart of the findings are the “blue check” verification systems and X’s alleged obfuscation of data.

The European Union released documents on July 12 indicating that Elon Musk’s X.com has been preliminarily found to be in breach of the Digital Services Act (DSA).

According to the EU’s preliminary findings, X violated the DSA on three separate counts and faces fines of “up to 6% of the total worldwide annual turnover of the provider.”

Per documents published by the European Commission:

New York introduces new bill to crack down on crypto rug pulls and private key theft

European Central Bank is exploring blockchain and MPC technology

July 10, 2024 Coin Telegraph

Blockchain

The central bank has been experimenting with multiparty computation, which could support the entire European economy in the future.

Central banks worldwide are increasingly exploring blockchain technology adoption, with the European Central Bank (ECB) being the latest example.

The ECB recently completed a blockchain experiment for its central bank digital currency (CBDC) with Zama, according to the firm's chief academic officer, Nigel Smart.

He said during a panel discussion at FHE Summit 2024:

New York introduces new bill to crack down on crypto rug pulls and private key theft

Stablecoins USDC and EURC Now Compliant With European Union’s MiCA, Says Circle CEO Jeremy Allaire

July 3, 2024 The Daily Hodl

Altcoins

Circle’s digital assets designed to be pegged to the US dollar and the euro have achieved compliance with the European Union’s laws, according to the stablecoin issuer’s CEO, Jeremy Allaire. Allaire says that Circle is now the “first global stablecoin issuer to be compliant” with the Markets in Crypto Assets (MiCA) regulations. MiCA is a […]

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New York introduces new bill to crack down on crypto rug pulls and private key theft

Circle’s Stablecoins Now MiCA Compliant

July 2, 2024 Bitcoin.com

bitcoin.com

Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU’s Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customers. The company is also authorized as an e-money issuer in France, which now serves as its European headquarters. Circle’s Stablecoins Achieve EU […]

New York introduces new bill to crack down on crypto rug pulls and private key theft

SEC drops investigation into Ethereum: Law Decoded

June 24, 2024 Coin Telegraph

bitcoin etf

A letter from Consensys states that the SEC’s approval of spot Ether exchange-traded funds indicated that it had “updated its position to classify ETH as a commodity and not a security,” but not everyone agrees.

The United States Securities and Exchange Commission’s (SEC) case to prove Ether is a security may not have been as strong as it let on. The SEC closed its investigation into whether Ether is a security on June 19.

Consensys lawyer Laura Brookover said there will be “no more protestations from the SEC that Ether is a security.” She said it was a reaction to being pushed to “lift the subpoenas on Consensys given their recent ETH [exchange-traded fund] rule change approvals predicated on ETH being a commodity.”

The letter from Consensys states that the SEC’s approval of spot Ether (ETH) exchange-traded funds (ETFs) indicated that it had “updated its position to classify Ether as a commodity and not a security.”

New York introduces new bill to crack down on crypto rug pulls and private key theft

Uphold to delist USDT and 5 stablecoins by July 1, citing MiCA

June 18, 2024 Coin Telegraph

Coin Telegraph

Apart from Uphold, other major crypto exchanges, including Binance, Kraken and OKX, also tweaked their stablecoin listing policies to comply with MiCA regulations.

Cryptocurrency exchange Uphold has sent a notice to its European users informing them that the platform will end support for six popular stablecoins from July 1. Uphold says it is delisting the stablecoins to align with the European Union’s Markets in Crypto-Assets Regulation (MiCA).

The six stablecoins are Tether (USDT), Dai (DAI), Frax Protocol (FRAX), Gemini dollar (GUSD), Pax dollar (USDP) and TrueUSD (TUSD). Users holding these stablecoins must convert them to a different cryptocurrency before June 28, after which the cryptocurrency exchange will automatically convert them into USD Coin (USDC).

MiCA was passed into law in May 2023 and went into partial effect in June 2023. The extensive EU crypto laws are expected to come into full force by the end of 2024.

New York introduces new bill to crack down on crypto rug pulls and private key theft

Europe’s crypto industry can ‘sleep better at night’ with new parliament

June 16, 2024 Coin Telegraph

Coin Telegraph

The European elections have formed a new EU Parliament that will rule for the next five years.

The new European parliament is set to continue the European Union’s relatively supportive policies toward the cryptocurrency industry.

Last week, 185 million EU voters from 27 member states took part in the elections to choose the new European Parliament.

The European political arena has transformed thanks to a surge in representation from the far-right wing, the consolidation of the European People’s Party (EPP) and the decline of the Greens/European Free Alliance (Greens/EFA).

New York introduces new bill to crack down on crypto rug pulls and private key theft

Euro-Pegged Stablecoin Volumes Grow As New Regulation Acts As Potential Boon for Sector: Kaiko

June 12, 2024 The Daily Hodl

Altcoins

Euro-pegged stablecoin use is increasing amid new European crypto regulations that phase in over time, according to digital asset analytics firm Kaiko. In a new report, Kaiko says that the European crypto market is facing big changes as the regulations impacting stablecoins in the 2023 Markets in Crypto Assets (MiCA) law go into effect later this […]

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New York introduces new bill to crack down on crypto rug pulls and private key theft

EU elections 2024: Pro-crypto parties pick up seats amid Green losses

June 11, 2024 Coin Telegraph

Coin Telegraph

The European elections have caused a stir, but several pro-crypto or crypto-supportive parties have gained seats.

From June 6 to 9, more than 185 million people from the European Union’s 27 member states voted for candidates to serve a five-year term in a new European Parliament, the legislative branch of the political bloc.

This pivotal event will shape the political direction of the EU for five years, and crypto and blockchain are no exception.

The election results are mixed: The Christian Democrats won 10 seats, while the Social Democrats hung on, losing only four seats, and the pro-business (and pro-crypto) Renew Europe Group lost 23 seats.

European Union

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