Birgit Rodolphe, executive director at Germany’s Federal Financial Supervisory Authority (BaFin), has called for innovative and uniform regulation of the decentralized finance (DeFi) space throughout the European Union. BaFin is Germany’s financial regulatory body responsible for regulating banks, insurance firms and financial institutions including cryptocurrency companies. BaFin is the issuer of
Commerce Secretary Raimondo Urges Passage of CHIPs Act, Praises Samsung $17B Fab and Updates on Agency’s Chip Policy
Gina M. Raimondo, U.S. Department of Commerce Secretary, recently urged Congress to pass the CHIPs Act, which she argues will enhance U.S. competitiveness, strengthen national defense and create high wage, high skilled jobs. A recent presentation in Detroit by the Commerce Secretary, “Investing in American Manufacturing and Closing the Innovation Divide,” was designed for auto industry executives hit hard by the semiconductor shortage that is only getting worse. Recent policies are further positive signs that the chip shortage and the need to strategically increase domestic chip production are being taken seriously by the Commerce Secretary and her org chart at the agency.
European regulators have launched two separate antitrust investigations to discover whether the social network’s use of data gives Facebook an unfair advantage in advertising. The results of the investigation could result in fines on Facebook and pressure for the social network to change its business model. The European Commission is
The European Commission maintains a list of countries that do not meet minimum thresholds for oversight against terrorism financing and money laundering. This list and its accompanying policies require European Banks to carry out additional checks on transactions that involve countries from the list. Being a member of the list
The outgoing European Commission President has shared plans for the establishment of a revamped European Border and Coast Guard Service with greater responsibilities, authority, and personnel numbers. The plan seeks to increase the number of personnel to a standing force of 10,000 and give the body greater jurisdiction in the