On the occasion of 3 May – World Press Freedom Day – the EU stated it was ready to pioneer new approaches for upholding press freedom, to counter disinformation and seek means to support sustainable business models for independent media.
Recent reports have confirmed the negative trend for media freedom in Hungary but also pointed to Budapest’s negative impact on press freedom in neighbouring countries. On World Press Freedom Day (3 May), EURACTIV talked to two of the main experts on Hungarian media.
Two recent reports focusing on democracy and media freedom by the international NGOs Reporters Without Borders and Freedom House went almost unnoticed in Belgrade. On World Press Freedom Day (3 May), EURACTIV Bulgaria looked at their Serbian neighbour, an EU candidate since 2012.
Initial coin offerings (ICOs) are a relatively new method of raising capital for early-stage ventures. They allow businesses to raise capital for their projects, by issuing digital tokens in exchange for crypto assets or fiat currencies. They constitute an alternative to more traditional sources of start-up funding such as venture capital (VC) and angel finance. ICOs can potentially offer advantages in comparison with traditional ways of raising capital. At the same time, their opacity and the general tendency for issuers to exploit regulatory loopholes can carry significant risk for investors, may make ICOs vulnerable to money laundering and terrorist financing, and could even create financial stability concerns. ICOs have been met with a wide range of initial regulatory responses: from an outright ban in the case of China and South Korea, to more supportive approaches in other jurisdictions, with Singapore in Asia and Switzerland in Europe leading the way. As for the European Union (EU) and the United States, the relevant regulatory agencies initially published warning notices, reinforced by statements that securities laws could apply and registration be necessary. The EU went a step further and is currently seeking to partially regulate ICOs, with a proposal for a regulation on markets in crypto-assets (MiCA regulation). Meanwhile, some Member States are currently implementing regulatory sandboxes, to provide an impetus for innovation without imposing the immediate burden of regulation.
Source : © European Union, 2021 – EP