How Immutable Blockchain Relate with the EU GDPR Requirements and Crypto Privacy
Given the massive amount of personal data collected and moved online, it’s encouraging to see regulators taking steps to protect consumer privacy using Web3 and EU GDPR. However, these laws – which range from the “right to be forgotten” to the ability to access a database to discover what information they have on file about […]
EU aims to invest $177B in blockchain and other emerging technologies
A considerable amount of direct funding for new technologies such as blockchain has been set a goal by EU policymakers. According to reports, the European Union intends to invest $177 billion in the region’s technical growth as part of a larger investment strategy. According to Bloomberg, EU officials intend to fund direct investments in areas […]
IOTA Foundation supports the EU region’s blockchain initiative
The IOTA Foundation is one of seven enterprises chosen to support the early-stage innovation of designing a European distributed ledger technology platform. The goal of the initiative is to improve the efficiency and accountability of the European Blockchain Services Infrastructure (EBSI), a network of nodes dedicated to facilitating the efficiency of EU-centric transactions, as well […]
Stellar blockchain to host Thailand-Europe cross-border payments
Velo Labs, Tempo Payments and Bitazza, have partnered to host Thailand’s new cross-border remittance corridor which will connect it to 27 European countries and serve around 600 million customers. A new partnership between Velo Labs and two financial institutions has resulted in a $17 billion remittance corridor between Europe and Thailand, which runs parallel to […]
Irish Banks are pleased with the EU’s anti-money laundering regulations
Banks in Ireland have voiced support for the European Union’s anti-money laundering push, they believe this will affect the crypto space and also disrupt illicit transactions. According to the Irish daily Independent , financial institutions in Ireland have indicated support for plans to revamp the European Union’s anti-money laundering measures. The new AML body that […]