📰 #EuropeanUnion has introduced its #Web4 and virtual worlds strategy.

The strategy is in line with the 2030 objectives of the Digital Decade policy programme and three of its key pillars of digitalisation: skills, business and public services.

👉https://cutt.ly/Lwi7pGHm

#EuropeanUnion moves forward with regulatory agreement on #cryptocurrencies and banks

#EU lawmakers today secured a political agreement on bank capital legislation regarding cryptocurrencies.

The agreement, published in a press release from the European Parliament, focuses on keeping unsecured cryptocurrencies from entering the traditional financial system.

#crypto #crypto2023

3 takeaways from the European Union's MiCA regulations
The European Union’s Markets in Crypto-Assets regulation could stifle innovation and increase compliance costs for the crypto industry.
#Ufin #EuropeanUnion #LucidHoang #MiCA #crypto2023

European Economic Indicators Show Slower Growth and Falling Inflation Rates. 🇪🇺🏦

🇪🇺 European Core Consumer Price Index (CPI) (Monthly):
- No change, remains at 0.2%.
- Previous value: 0.2%.

🇪🇺 European Core Consumer Price Index (CPI) (Yearly) (Preliminary):
- Came in at 4.2%, in line with expectations, and below the previous figure of 4.5%.
- Initial prediction: 4.2%.

🇪🇺 European Consumer Price Index (Yearly Inflation Rate) (CPI Yearly) (Oct) (Preliminary):
- Lower than expected at 2.9%, falling below both previous data and forecasts.
- Forecast: 3.1%
- Previous: 4.3%

🇪🇺 European Consumer Price Index (CPI) (Monthly) (Preliminary):
- Lower than forecast, reported at 0.1%.
- Previous: 0.3%.

🇪🇺 European Gross Domestic Product (GDP) (Quarterly) (3rd Quarter) (Preliminary):
- Recorded a decrease of -0.1%, below the expected 0.0%.
- Previous: 0.1%.

🇪🇺 European Gross Domestic Product (GDP) (Yearly) (3rd Quarter) (Preliminary):
- Reported at 0.1%, falling short of the projected 0.2%.
- Forecast: 0.2%
- Previous: 0.5%

These economic indicators provide insight into the current state of the European economy, with some figures coming in below expectations and previous data. In particular, inflation rates have dipped, and GDP growth has slowed in the third quarter. These factors may have implications for the region's economic policies and financial markets in the near future.

#cpi #GDP #EuropeanUnion

Crypto & #BitcoinPrice2023 News

US stock futures were stable Tuesday as investors assessed market prospects following recent gains.

#Chinese stocks gained amid reports Beijing is considering special measures to support the market.

Bitcoin extended declines below the $40,000 mark, taking the month-to-date losses to 8%.

#EuropeanUnion stocks were in defensive mode, with the Euro Stoxx 50 slipping 0.3%. Germany's DAX 40 index was little changed and France's CAC 40 retreated 0.2%.

In #AsianCrypto , Hong Kong's Hang Seng rallied 2.6% and the Shanghai Composite rose 0.5%. Japan's Nikkei 225 was almost flat at 36,517 and India's Nifty 50 dropped 1.5%.

In the crypto market, bitcoin slid 1.7% to $38,870, taking losses in January to more than 8%. Ether slid almost 4% to $2,221.

The Dollar Index, which tracks the greenback against a basket of currencies, moved in tight ranges.

Ten-year Treasury yields were little changed at 4.13%. US crude oil declined 0.6% to $74.28 a barrel.

The world’s largest cryptocurrency broke beneath $40,000 yesterday, and many retail investors believe it is heading even lower by year-end, according to a #deutschebank $ Research report.

$BTC $ETH $BNB

EU's Probe into Elon Musk's Social Media Platform. 🇪🇺✖️😱

European Union (EU) recently set its sights on Elon Musk's social media platform, X (formerly Twitter), invoking the Digital Services Act (DSA). This landmark decision, effective since November of the previous year, ushers in a new era of scrutiny and challenges for large online platforms.

Digital Services Act: A Quick Overview

The DSA, implemented in November, mandates large online platforms to bolster their efforts against illegal content and threats to public security. Musk's X is now under the EU's microscope for potential breaches of these DSA obligations, with a specific focus on measures to counter illegal content and manipulation of information within the EU.

Community Notes and Decentralized Fact-Checking

X's introduction of "Community Notes" for tagging false posts in response to the DSA raises concerns about the reliability of decentralized fact-checking, triggering a wider debate on social media platforms' role in content moderation.

Musk's Commitment and Concerns

Elon Musk emphasizes X's commitment to complying with the DSA, showcasing cooperation with regulatory processes. Simultaneously, Musk expresses concerns about equal scrutiny for other social media platforms, underscoring the complexity of navigating regulatory landscapes.

Controversies and Criticisms

The EU's investigation has not been without controversy. Italian politicians have come to Musk's defense, criticizing the EU Commission's approach. This dissent highlights the broader debate around freedom of speech and the role of tech giants in content moderation.

Beyond Regulation: Implications for X and the Digital World

The EU's investigation, using methods like information requests and interviews, highlights the struggle to balance innovation, freedom of expression, and responsible governance in the digital era. The review of X's transparency measures and contentious Blue check subscriptions adds complexity to the unfolding narrative.

#EU #EuropeanUnion #elonMusk #Twitter #X

The financial watchdog of the #EuropeanUnion has issued a statement emphasizing the importance for investment firms to ensure that their clients are well-informed about the regulatory status of the products they offer.

European Parliament approves new sanctions laws that also apply to crypto.
EU sanctions legislation also applies to crypto service providers and may involve the freezing of assets, including cryptocurrencies.
These laws aim to ensure uniform application of sanctions rules across the 27 EU member states.
Parliamentarians voted 543 times in favor of these new rules, 45 times against and 27 times abstaining.
These new rules were adopted following Russia's invasion of Ukraine but apply to a wide range of financial services, including the provision of "crypto-assets and wallets".
#cryptoupdate1
#EuropeanUnion

🔴🔴🔴 According to some news 🔴🔴🔴

A majority of the European Parliament’s lead committees have approved a ban on #cryptocurrency transactions of any value made through hosted #crypto wallets. This comes amid the European Council and parliament provisionally agreeing to expand parts of the European Union’s Anti-Money Laundering (AML) and Counter-Terrorist Financing laws to cover the cryptocurrency market.
#HotTrends #EuropeanUnion #CryptoNews🚀🔥

The #EuropeanUnion has introduced a new directive that outlaws transactions using anonymous, privately managed #crypto wallets for any transaction value.

This latest regulation, aimed at combating money laundering, sets limits on cash transactions and bans all anonymous cryptocurrency transactions. Specifically, it makes any cash transaction over €10,000 and any anonymous cash transaction over €3,000 illegal.
#HotTrends #HotTopics #Breaking_Crypto_News

▪️ The regulatory framework will roll out in two phases, with stablecoin rules taking effect on June 30, 2024, and the remaining regulations being applied on December 30, 2024. The adoption of these new rules may serve as a catalyst for other regions to establish transparent legal frameworks for the cryptocurrency industry. #crypto #crypto2024 #EuropeanUnion #EURO2024