EU Parliament passes proposals to hinder cryptocurrency privacy

EU flags outside the EU headquarters.

European Union (EU) lawmakers have supported controversial proposals to outlaw anonymous crypto transactions.

More than 90 lawmakers from the EU Committees on Economic and Monetary Affairs (ECON) and on Civil Liberties, Justice and Home Affairs (LIBE) voted in favour of the measures.

The new rules would extend anti-money laundering requirements that apply to conventional fiat payments over EUR 1,000 to the European crypto sector.

However, they would also remove...

7 April 2022 | Cryptocurrency

IOTA Foundation selected for EU blockchain network

EU flags outside the EU headquarters.

IOTA, the open-source distributed ledger and cryptocurrency, has been selected as one of seven contractors by the European Blockchain Partnership (EBP) to develop and enhance pan-European blockchain services.

Overseers of the IOTA network, the IOTA Foundation is set to “participate in the first phase” of the EU’s blockchain pre-commercial process.

This stage will see new distributed ledger solutions designed with a focus on energy efficiency and scalability. If...

15 September 2021 | Blockchain Applications

British firm contracted to develop blockchain capabilities for EU

map of Europe

The EU has chosen London-based startup iov42 to help design and develop European blockchain solutions.

iov42 utlises AI and blockchain to accelerate financial and non-financial transactions. The company staved off competition from more established firms, such as Deloitte, EY and Vodafone, in order to win one of seven contracts handed out by the European Commision, the EU’s is the EU's politically independent executive arm. Collectively, the deals are worth €6.2m...

26 August 2021 | Blockchain

European startups ready to capitalise on enterprise blockchain opportunity, says new report

The European blockchain startup market is catching up to its North American equivalent, with startups surveyed looking to raise €350 million (£314.9m) in the next 18 months, according to a new report.

The study, from Anglo-French venture capital firm LeadBlock Partners, aims to put a positive spin on the industry illustrated with more than 20 interviews and more than 9,000 datapoints.

A foreword from LeadBlock management Jean-Marc Puel, David Chreng-Messembourg and...

7 July 2020 | Digital Transformation