EU Scrutinizes Big Tech’s Move into Finance, Hong Kong Firm Targets Ethereum ETF

The European Union raises concerns about Big Tech's expansion into the financial services sector. Venture Smart Financial Holdings Ltd. aims to apply for a spot Ethereum ETF in Hong Kong. Plus, the Senate Finance chairman warns of budget proposals that violate the constitution. UBS highlights the role of transition finance in unlocking biodiversity benefits.

Sources:
https://telecom.economictimes.indiatimes.com/news/internet/big-tech-move-into-finance-to-come-under-closer-eu-scrutiny/107347801
https://www.theblock.co/post/275718/hong-kong-finance-firm-vsfg-targets-to-apply-for-spot-ethereum-etf-in-q2
https://nmpoliticalreport.com/nmleg/senate-finance-chairman-says-some-budget-proposals-violate-constitution/
https://sustainabilitymag.com/net-zero/ubs-how-transition-finance-can-unlock-biodiversity-benefit

Outline:
(00:00:00) Introduction
(00:00:42) Big Tech move into finance to come under closer EU scrutiny
(00:03:10) Hong Kong finance firm VSFG targets to apply for spot Ethereum ETF in Q2
(00:05:08) Senate Finance chairman says some budget proposals violate constitution
(00:07:46) UBS: How Transition Finance can Unlock Biodiversity Benefit