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“#Biden’s climate ‘fix’ is fantastically expensive and perfectly useless” Across the world, politicians are going out of their way to promise fantastically expensive climate policies. President Biden has promised to spend $500 billion each year on climate — about 13 percent of the entire federal revenue. The European Union will spend 25 percent of its…
“# ECB leader floats 3K threshold for digital euro holdings ” In an interview today, Fabio Panetta, executive member of the European Central Bank said the ECB may only allow digital euro holdings “up to a certain threshold” but added that the rollout of the central bank digital currency was unlikely to cause banks to lose…
“# French official wants to change how Europe regulates crypto and blockchain ” France’s top financial regulator has proposed to change the way the cryptocurrency industry is supervised in Europe. Robert Ophèle, chairman of Autorité des Marchés Financiers, addressed crypto-realted regulatory issues at the 5th Annual Conference on FinTech and Regulation. The official argued that financial…
“#EU urges US to draft joint rule book to rein in tech giants” Enlarge Image German Klaus Schwab, left, Founder and Executive Chairman of the World Economic Forum, WEF, listens to European Commission President Ursula von der Leyen, displayed on a video screen, during a conference at the Davos Agenda in Cologny near Geneva, Switzerland,…
“# DeFi’s death by a thousand cuts ” One rule at a time, decentralized finance is gradually being outlawed. It is not that governments specifically aim to make it illegal. Rather, every proposal that comes out lately seems to enact rules that are impossible for decentralized finance to meet. The United States The most recent…
“# ECB president Lagarde renews calls for global regulation of Bitcoin ” The European Central Bank president Christine Lagarde has repeated her insistence that global regulators need to tighten the rules to ensure Bitcoin (BTC) falls under more coordinated oversight. In an interview at the Reuters Next conference — amid an unprecedented bull market for…
“# Cointelegraph predictions for the first 5 CBDCs of 2021-2022 ” Central Bank Digital Currencies (CBDCs) have been an integral part of progressive discussions within the cryptocurrency community. CBDCs are virtual representations of the fiat currency of a particular country. They are often based on blockchain technology and are issued and regulated by the official…
“#EU looks to buy another 300M doses of Pfizer COVID vaccine” The European Union is planning to double its supply of Pfizer’s coronavirus vaccine by purchasing up to 300 million additional doses, officials said Friday. The deal would add to the EU’s existing 300 million-dose order — potentially giving the 27-nation bloc nearly half of…
“#The EU just sold human rights down the river for minor commercial gains in China” Twenty-twenty was the year that saw Xi Jinping’s geopolitical lawlessness and domestic abuses peak. Yet the year ended with a gratuitous European Union giveaway to Beijing in the form of a one-sided, opaque and deceptive investment deal. The Europeans betrayed…
“# The US has already lost the 2020 crypto regulation race to Europe ” 2020 has been a stellar year for the crypto economy, with more enterprises and institutions than ever before implementing the technology. Big announcements, such as PayPal’s decision to enable its users to buy and sell Bitcoin (BTC), have understandably dominated the…