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An ECB executive has slammed crypto trading calling the €1.7 trillion industry a 'Ponzi scheme'
A top European Central Bank (ECB) official dubbed cryptocurrency "Ponzi schemes" and asked for a crackdown to avoid a "lawless frenzy of...
Apr 27, 20221 min read


The ECB claims that the Ukraine conflict is driving up prices, but it intends to respond gradually.
There is no set date for rate rises, which sends the euro down to a two-year low as policymakers try to figure out how to deal with both...
Apr 17, 20223 min read


As the Russian invasion of Ukraine continues, EU industries are put to the test.
A range of industries across Europe have issued stark warnings about supply chain shortages, production shutdowns, price hikes, and even...
Apr 15, 20224 min read


A summary of all five rounds of European sanctions against Russia
There have been five sanction packages adopted by the European Council since the outbreak of the Russia-Ukraine war, up until April 11th....
Apr 14, 20224 min read


Operation Oscar is launched by EU institutions to seize assets
Europol, Eurojust, and Frontex have initiated Operation Oscar as part of the EU Member States' cooperative investigation into illegal...
Apr 14, 20221 min read


European Commissioner: New crypto rules to protect investors and preserve market integrity
Mairead McGuinness, the European Commissioner for Financial Services, Financial Stability, and Capital Markets Union, has stated that the...
Apr 11, 20222 min read


William Hill sets aside £15m with GB licence under review
William Hill Group is currently subject to a licence review in Great Britain, and has put £15.0m (€18.0m/$19.6m) aside to cover the cost...
Apr 8, 20222 min read


IMF, Lebanon strike conditional deal on US$3 billion aid
BEIRUT: The IMF announced Thursday (Apr 7) a conditional agreement to provide Lebanon with US$3 billion in aid to help it emerge from a...
Apr 8, 20223 min read


EBA: War's second-round effects on Europe's banks are "worrying"- warning of increased cyber attacks
The European Banking Authority (EBA) said today that the second-round effects of the Ukraine invasion on EU banks are "worrying" in terms...
Apr 4, 20224 min read


Ukraine's telecom sector has been cyberattacked
Ukrtelecom, a Ukrainian telecommunications company, is working to restore services after a "powerful" cyberattack on Monday disrupted its...
Mar 31, 20222 min read


Chase offers 1.5 per cent savings account
The launch of a new service by a UK digital bank comes while high street competitors offer more modest hikes. Chase, JPMorgan's digital...
Mar 28, 20222 min read


AMLA to establish direct control over cryptocurrency providers
The EBA's head asserts that Europe's new anti-money laundering authority must have direct oversight over VASPs because to the enormous...
Mar 28, 20222 min read


Portugal is moving quickly to revise the law that allowed oligarch Roman Abramovich to become a citi
Portugal's government has started working on changes to the criteria for granting citizenship to descendants of Jews who were expelled...
Mar 22, 20221 min read


European regulators warn of ‘highly dangerous and speculative' crypto assets
The three European Monetary Supervisory Authorities today issued a warning to consumers regarding "very dangerous and speculative"...
Mar 18, 20222 min read


$ 121 billion of Western banks trapped in Russia
The exposure of American financial institutions is significantly lower than that of European financial institutions. European banks have...
Mar 13, 20221 min read


A wealth manager based in Cyprus is targeting key locations throughout Europe and beyond.
Chase Buchanan Wealth Management, based in Cyprus, is "undertaking a dynamic expansion, creating private wealth management hubs...
Mar 8, 20221 min read


PwC and KPMG will operate in Russia, while Goldman Sachs considers relocating its staff to Dubai.
PwC and KPMG, two global accounting firms, announced on Sunday evening (6 March) that they would be closing their offices in Russia due...
Mar 8, 20222 min read


European Commission - Laws to stop VASPs evading sanctions
Sanctioned Russians and their companies could use cryptocurrencies to evade international sanctions, according to EU finance ministers....
Mar 3, 20222 min read


As part of the EU sanctions crackdown, France and Germany seize Russian oligarchs' super yachts
According to Finance Minister Bruno Le Maire, a yacht belonging to Rosneft CEO Igor Sechin was seized by French customs as it attempted...
Mar 3, 20223 min read


Abramovich: Confirms sale of Chelsea - Money to the victims of Ukraine
In an official announcement, the Russian tycoon clarifies that he will not ask for the repayment of the loans, as well as the...
Mar 3, 20222 min read
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