#european union

The Philippines and the European Union (EU) are working together to improve digital connectivity, strengthen cybersecurity, and expand access to satellite data under a new initiative aimed at supporting economic growth and disaster resilience. The program is backed by €20 million from the European Union, along with additional contributions of €2 million from Finland and €600,000 from France. The European Union (EU) has just passed the world's first comprehensive legislation on market rules covering crypto assets and crypto transactions. These are just some of the highlight rules featured in the European Union's Markets in Crypto Assets or MiCA. The regulations were actually approved by the European Parliament last April but have now gotten final approval from the EU. The new rules are aimed at protecting European citizens from money laundering and fraudulent acts via crypto. The European Union (EU) is providing 2.4 billion Euro alongside contributions from private investments and the Eurpoean Space Agency. With China planning their own constellation and OneWeb being under the United Kingdom, the country that made a public exit to the EU, the European companies decided they need their own cluster of satellites. Read more in our articles including "EU-PH Digital Initiative aims to boost connectivity and cybersecurity" and "EU passes law requiring reporting of all crypto assets".