Crypto Regulation
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EU Plans to Simplify GDPR in Move to Support Businesses
The European Union is set to revise its General Data Protection Regulation (GDPR) to ease compliance burdens for businesses, as part of efforts under Commission President Ursula von der Leyen. This move aims to enhance the competitive landscape for European enterprises amid growing criticisms regarding the complexity of the current legislation.
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European Insurance Authority Proposes Strict Capital Requirements for Crypto Holdings
The European Union’s insurance authority has proposed a requirement for firms to maintain capital equal to their full crypto holdings to mitigate risks for policyholders, setting a new standard for the insurance industry.
