The European Central Bank (ECB) expects the first transactions using a digital euro to take…
Tag: EU legislation
The ECB has approved the next phase of the digital euro, targeting a 2027 pilot if EU legislation passes soon, with full issuance possible by 2029. Christine Lagarde stressed modernizing Europe’s currency while preserving privacy, choice, and monetary sovereignty. The €1.3 billion project aims to complement cash, boost innovation, and ensure competitive digital payments across the eurozone, including Greece.
A controversial proposal under consideration by the European Union is raising alarms among digital privacy…
Greece’s government is drafting a bill to ban flavored e-cigarettes, sparing only natural tobacco and mint, as part of efforts to curb minors’ access to tobacco and alcohol. The move, which could impact 10,000 jobs, faces opposition from industry and some officials, who argue it restricts adult consumers and may fuel a black market. Seven EU countries have similar bans, amid growing calls for updated EU tobacco laws.
The European Union has approved new rules requiring platforms like Uber and Airbnb to collect and remit VAT on services provided through their platforms, leveling the playing field with traditional businesses. The regulation, effective from 2030, aims to boost VAT revenues by €6.6 billion annually and reduce tax inequalities. Despite initial resistance and a five-year delay, the reforms promise fairer competition and streamlined compliance through a new “one-stop shop” system for businesses across the EU.
The European Commission yesterday proposed new EU legislation to prevent and combat child sexual abuse…
