European Union designs €30B carbon market tool to stabilize prices

The EU's revised carbon market strategy could boost local green investments, reduce carbon leakage, and stabilize carbon pricing, impacting global trade dynamics. The post EU carbon market review proposes extending free permits for local investments appeared first on Crypto Briefing.

Too many enterprises remain ignorant of the European Union’s 2024 Cyber Resilience Act, the first elements of which enter force on June 11, according to a new survey. Two-thirds of respondents to the survey by Open Source Security Foundation said they were unfamiliar with the CRA, which aims to make hardware and software sold in the EU more secure. As well as the CRA’s demands on vendors, it also has implications for users of open-source software, hence the Foundation’s interest in the topic. Among other measures, the CRA creates the role of open-source steward within the enterprise, with responsibility for ensuring that a security policy is in place for any software being used within the organization. The first part of the CRA to enter force, on June 11, concerns the designation of conformity assessment bodies by member states. Then, from September 11, manufacturers will be required to begin reporting vulnerabilities in their products to the relevant authorities. The remaining obligat

The EU's sanctions on Iran's IRGC Navy unit could heighten geopolitical tensions, potentially impacting global oil markets and maritime security. The post European Union sanctions IRGC Navy unit and two Iranian individuals over Strait of Hormuz restrictions appeared first on Crypto Briefing.

EU sanctions on Iran highlight rising geopolitical tensions, potentially reshaping global crypto regulations and impacting oil trade dynamics. The post European Union sanctions Iranian entities over Strait of Hormuz disruptions, with crypto implications mounting appeared first on Crypto Briefing.

Zodia Custody has secured a Payment Institution licence from Luxembourg’s Commission de Surveillance du Secteur Financier, adding a second key European authorization that allows the firm to offer regulated custody and transfer services for stablecoins across the European Union. According…

The EU's tech sovereignty package could reduce foreign dependency, boost local innovation, and reshape global tech market dynamics. The post European Union unveils technology sovereignty package to boost local firms appeared first on Crypto Briefing.

The EU's tech sovereignty push could reshape global tech dynamics, boosting local firms while complicating US tech giants' European operations. The post European Union unveils technology sovereignty package, aims for tech independence from US Big Tech appeared first on Crypto Briefing.

The European Union has now published a set of measures aimed at boosting Europe’s tech industry to help reduce reliance on US and Chinese suppliers for AI, cloud, and semiconductors. The proposals include rules to restrict the use of US hyperscalers for certain public sector procurement purposes, but stop short of banning them outright. “Technological sovereignty does not mean protectionism. Europe remains grounded in openness, partnership, and fair competition,” Henna Virkkunen, executive vice president for Tech Sovereignty, Security and Democracy, said in a statement Wednesday. “At the same time, Europe wants to be in the position to make its own choices, avoiding dependence on single dominant suppliers, especially from non-like-minded countries.” The European Technological Sovereignty Package — released after several delays — includes two legislative proposals: the Cloud and AI Development Act and Chips Act (CAIDA) 2.0 and the Open Source Strategy and Strategic Roadmap for Digitaliz