European Union

The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.

Source: europa.eu

EU To Call For Digital Tax Reform, Stablecoin Regs At G20 Meeting

EU To Call For Digital Tax Reform, Stablecoin Regs At G20 Meeting
EU To Call For Digital Tax Reform, Stablecoin Regs At G20 Meeting
October 04, 2019  |  Cryptocurrency

At a G20 meeting in the middle of October, European Union finance ministers will reportedly tell their counterparts that a worldwide regulatory response is needed...

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Finance Minister: UK To Exit EU On Oct. 31
Finance Minister: UK To Exit EU On Oct. 31
September 30, 2019  |  Economy

U.K. Chancellor of the Exchequer Sajid Javid said the country will split from the European Union effective Oct. 31, Reuters reported on Monday (Sept. 30). “Hopefully...

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Vestager: EU Should Proceed With No-Deal Digital Tax
Vestager: EU Should Proceed With No-Deal Digital Tax
September 27, 2019  |  Europe

In a move that increases pressure on multinationals, European Union commissioners-designate said the bloc should come to an agreement on a digital tax if a...

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Top News In Payments: R3 Works With Mastercard On Blockchain Tech; Uber Pushes Back On California Law
Top News In Payments: R3 Works With Mastercard On Blockchain Tech; Uber Pushes Back On...
September 12, 2019  |  News

Today in the payments news roundup, R3, an enterprise software provider, is collaborating with Mastercard to establish a blockchain cross-border payments solution. Also, Uber will...

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ECB Debuts Bond Buying Initiative; Slashes Deposit Rate To Record Low
ECB Debuts Bond Buying Initiative; Slashes Deposit Rate To Record Low
September 12, 2019  |  Cross-border Payments

The European Central Bank (ECB) is hoping to revitalize the eurozone economy with a stimulus package consisting of a lower main deposit rate and a...

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Rival Claims Google Funnels User Info To Advertisers
Rival Claims Google Funnels User Info To Advertisers
September 04, 2019  |  News

Google is being accused of stealthily handing personal data to advertisers by using hidden web pages, the Financial Times reported on Wednesday (Sept. 4).  Such activity...

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Incoming EU Leaders Plan New AI, Data Use Laws 
Incoming EU Leaders Plan New AI, Data Use Laws 
September 03, 2019  |  Cross-border Payments

Evidence is being gathered on U.S. big tech companies as the European Commission prepares for new leadership, The Wall Street Journal reported on Tuesday (Sept....

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Global Banks Plan For No-Deal Brexit
Global Banks Plan For No-Deal Brexit
August 30, 2019  |  Economy

International financial institutions in the U.K. are getting ready for changes as it becomes more likely there will be a no-deal Brexit in October, Bloomberg...

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