The European Union is set to impose a fine of hundreds of millions of euros on Google. The decision will test whether the EU can effectively regulate digital markets without escalating tensions with the United States.
SWIFT launched a blockchain ledger infrastructure to support a pilot program with 17 major banks for tokenized bank deposits, focusing on improving cross-border payment speed and efficiency
Apple lost a legal challenge against EU antitrust enforcement actions targeting its App Store and iPhone operating system practices as part of the European Union’s broader crackdown on Big Tech companies.
Belgium’s financial regulator FSMA issued a warning to consumers about six unauthorized crypto-asset service providers that were added to its fraudulent CASP list shortly after the EU’s MiCA transitional period ended, indicating these providers were operating without proper authorization under the new EU crypto regulation.
European airlines have failed to pay billions in passenger compensation for flight delays as required under EU261/2004 regulation. Analysis by the Financial Times shows that since 2011, €18 billion in compensation has been due to passengers, but only a small portion has actually been paid, leaving €3.2 billion currently unpaid.