The European Union(EU) has vowed to solve rising issues concerning pension investments and crypto trading with a deadline set for the end of the 0 action aims to boost the revival of Europe’s capital 1 their pledge, the international organization intends to enhance pension investment growth and loosen strict cryptocurrency 2 plans were made public after Maria Luis Albuquerque, a European Commissioner for Financial Stability, Financial Services, and the Capital Markets Union, shared them on Thursday, September 18, according to reports from reliable 3 commissioner also highlighted that the commission was considering granting the European Securities and Markets Authority (ESMA), its major market regulator, more direct supervisory 4 EU vows to enact effective economic strategies to reform its single market During a conference in Copenhagen, Albuquerque stated the commission’s main aim towards implementing these 5 on her argument, they want to eliminate cross-border barriers, lower administrative expenses, and ensure the implementation of simple 6 remarks came when individuals raised concerns about getting tired of the EU’s slow-moving approach to reforming its single 7 concerns were raised a year after Mario Draghi, a prominent Italian economist who served as the European Central Bank’s President (ECB), released a significant report on enhancing the European economy using the financial 8 with this economic strategy, Draghi warned that Europe was dragging behind global changes at the beginning of this week.
Meanwhile, as the ESMA gains supervisory powers, the commission will thoroughly assess whether centralized oversight of specific market infrastructures, such as central counterparties, central securities depositories, and trading venues, will be 9 this, Albuquerque pointed out that emerging sectors like crypto asset service institutions would also benefit from increased centralized supervision while still allowing national authorities to perform their 10 EU proposes measures to encourage investments in Europe Albuquerque shared additional information about the commission’s proposals that are expected to be implemented by the end of this 11 proposals are intended to encourage investments in Europe and redirect household savings stored in bank accounts into investments.
A reliable source familiar with the situation reported that the commission will propose several tax incentives to promote 12 will include deductions for opening savings and investment accounts, exemptions on income from investments, and introducing a system that will delay taxes until people withdraw their funds from their bank 13 suggestions are part of what is referred to as the Savings and Investments 14 initiative aims to assist European businesses in gaining easier access to funding, as it simultaneously provides more financial opportunities for 15 draft may be updated before September 30, the preferred date for the commission to issue these 16 the EU’s pension plan that Albuquerque had shared earlier, the commission will suggest auto-enrollment for workplace pensions, establish systems that track pensions, and offer advice on the most suitable practices to be 17 recommended measures must undergo the EU legislative process and represent another effort by Brussels to utilize European capital to enhance the local 18 the meantime, during her yearly speech last week, President Ursula von der Leyen pointed out internal obstacles in the single 19 to her, they act as a 45% tariff on goods and a 110% tariff on 20 up to Bybit and start trading with $30,050 in welcome gifts
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