• Europe clamps down on Libra
    Politics,  Regulation

    EU leaders to Libra: Follow tough rules or face ban

    In new proposals, some of Europe’s biggest economies want Facebook’s stablecoin project to be based in the EU and not in Switzerland… or else

    Five of Europe’s biggest economies are urging the European Commission to enforce strict regulations for stablecoins—in the surest sign yet that Facebook’s embattled Libra project isn’t out of the woods despite drastic changes.

  • Blockchain break EU privacy law
    Regulation

    Blockchain may break EU privacy law—and it could get messy

    In Europe, citizens have the right to be forgotten by search engines, but this isn’t very compatible with blockchain’s uneditable nature

    This doesn’t necessarily mean that damaging news articles about someone (or their embarrassing photos) would be deleted forever, but a person may be entitled to have Google search results and Wikipedia references that link to them expunged—the equivalent of removing a book from a library’s index system. Now, someone would only be able to see this content if they knew exactly where to look.

  • Cryptocurrencies,  Regulation,  Technology

    Italy PM: Digital payments a solution to ‘shadow economy’

    Prime Minister Giuseppe Conte believes that digital payments can decrease tax evasion, and banks call digital assets revolutionary—but Italians are unconvinced

    Local finance news outlet Il Sole24Ore reported on Sept. 8 that Conte believes that digital payments would result in the financial system being “faster, more transparent and traceable which in perspective means creating for recovering the shadow economy.” He explained that all this could result in lower taxes for all of Italy:

  • Ziglu launches P2P payments
    Cryptocurrencies,  Regulation

    Ziglu launches P2P payments

    The U.K.’s Financial Conduct Authority has authorized the firm to allow users to instantly exchange cryptocurrencies and fiat funds

    The new authorization allowed Ziglu to launch its peer-to-peer transaction service that allows users to instantly send each other money in any of the currencies supported.

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