Polish cryptocurrency exchange Kanga has obtained a MiCA (Markets in Crypto-Assets) license in Latvia, enabling it to operate under European regulatory framework for crypto-asset service providers.
ECB Vice President Boris Vujcic, who is replacing De Guindos, believes inflation will persist at elevated levels for an extended period. He characterized the current official interest rate of 2.25% as appropriately robust.
The former chief of the Bank for International Settlements has moderated his previous position on stablecoins, now supporting the possibility of stablecoins coexisting alongside traditional fiat currencies.
BaFin has initiated regulatory action against Deutsche Finance, an investment house managing 20 real estate funds with combined assets of 1.5 billion euros. The intervention includes the appointment of an administrator and demands for documentation. A significant concern is that many of the funds lack current annual financial statements, affecting approximately 50,000 investors.
The German Insurance Ombudsman reports a significant increase in complaints against insurers, with longer case processing times and demands for increased funding from the insurance industry.
Chinese electric vehicle manufacturer BYD rejected claims that it violated environmental regulations in Hungary during construction of its first European Union manufacturing plant.
WhiteBIT, a cryptocurrency exchange, has obtained a MiCA license from Austrian authorities in preparation for the EU-wide implementation deadline of July 1. This license allows the platform to operate as a crypto-asset service provider across the European Union under the new regulatory framework.
ASML Holding NV, the Dutch semiconductor equipment manufacturer, faces scrutiny from the US Commerce Department after warnings that one of its advanced lithography machines may have been exported to China in violation of US export controls. The warning was issued by US Commerce Secretary Howard Lutnick to ASML leadership.
Microsoft Azure and Amazon Web Services face an initial European Commission antitrust investigation into their dominant market power in cloud services, putting them on a collision course with the EU’s stringent digital competition rulebook.
The Bank of Spain (Spanish central bank and banking supervisor) has issued guidance encouraging financial entities to develop internal artificial intelligence capabilities to manage climate-related risks. The supervisor emphasizes the importance of validating AI results, documenting underlying assumptions, and avoiding uncritical applications of AI technology.