A senior Bank of Italy official warned that stablecoins issued by multiple entities across different countries pose significant risks to the European Union’s financial system unless they are strictly limited to jurisdictions with equivalent regulatory standards. Speaking at the Economics of Payments Conference in Rome on Thursday, Chiara Scotti, vice director of the Bank of … Read more
A senior Bank of Italy official warned that stablecoins issued by multiple entities across different countries pose significant risks to the European Union’s financial system unless they are strictly limited to jurisdictions with equivalent regulatory standards. Speaking at the Economics of Payments Conference in Rome on Thursday, Chiara Scotti, vice director of the Bank of … Read more
A senior Bank of Italy official warned that stablecoins issued by multiple entities across different countries pose significant risks to the European Union’s financial system unless they are strictly limited to jurisdictions with equivalent regulatory standards. Speaking at the Economics of Payments Conference in Rome on Thursday, Chiara Scotti, vice director of the Bank of … Read more
The European Union on Tuesday designated 19 online platforms, including Instagram, TikTok and Twitter, as having user numbers so big they will come under stricter regulatory rules for content. The list — on which services from Amazon, Google, Meta, Instagram and Microsoft also feature — all have more than 45 million monthly active users. That … Read more
Dubai became one of the first jurisdictions in the world to clarify regulatory requirements for Web3 firms in 2022, and regulators are now making changes to its rules related to marketing of digital assets. The Virtual Asset Regulatory Authority (VARA) has announced that marketing content related to digital assets should carry a disclaimer notifying people … Read more
The European Banking Authority (EBA) is ramping up its regulatory oversight of the crypto sector. In a recent development, the EBA has issued two detailed sets of guidelines to govern the operations of Crypto-Asset Service Providers (CASPs) and Payment Service Providers (PSPs). As part of these directives, the EBA has emphasised the need for compliance … Read more
Google will update its cryptocurrency advertisement policies in the European Union (EU) to align with the bloc’s MiCA regulations later this month. The EU emerged as one of the world’s first regions to introduce regulations that govern the digital assets, and its Markets in Crypto-Assets (MiCA) rules went into effect in December 2024. Google’s updated … Read more