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Last month, the EU’s parliamentary Committee on Economic and Monetary Affairs held a meeting to discuss the digital euro. An updated draft of the digital euro legislation revealed several key changes - but what do they mean for financial institutions? Discover what our CEO and Founder, Gilbert Verdian had to say in our latest article: https://lnkd.in/eP7eAmFf #digitaleuro

“The long-term objectives are to position Europe as a leader in financial services, [however] political confrontation prevented some [initiatives] from being adopted during the current term.” ? Read our full analysis on the future of #DigitalFinance legislation in the upcoming term.

The proposed EU Assets Register is gaining strength and may pass in the near future unless actual capitalists and privacy advocates manage to raise sufficient opposition. Of course the EU is not exactly the most pro capitalist society nor does it revere privacy as much as many citizens of places like the US would expect.??So the probability is that it will pass.? What does that mean? It means the government will have a full list of every asset owned by every citizen. Not just houses. Cars, motorcycles. Even bicycles, and household goods such as furniture, musical instruments, computers, phones, refrigerators, washing machines, ovens, microwave ovens, toasters.?You name it. If you own it, you have to register it.?And while they may not require items that cost under a few Euros (for now), it is likely that will creep in over time as the system becomes entrenched and a simple tag or info is added to every purchase of every item sold by any vendor, whether it's a 5 Euro metro ticket, a 3 Euro fork, or 1 Euro worth of bread.? How will that affect markets across the EU? Well, while it may seem benign for most people, there will of course be plenty of crazy situations, some good, some bad, where the EU Assets Registry will be a big component of the incident.? Why are they doing it? Because of the usual excuse: In the name of SECURITY.?Because of course.? Don't be fooled. It's just another way for Big Brother to get into everyone's lives.? While the West won the Cold War and got rid of organizations like East Germany's Stazi intelligence service, which spied on its own citizens and had people spying on their own family members and reporting them, the same Western countries that won that Cold War are now seemingly becoming more and more like the very nemesis they defeated. Of course this has been happening since the late 80s, before the Eastern Bloc of countries even dismantled themselves.?This is just the current state of the natural progression towards more centralized control, removing the rights of the people and functions of decentralized systems. Of course, Bitcoin fixes this.?As long as people keep it private. And yes, I am fully aware that Bitcoin is a public ledger. Still, people can remain pseudonymous and even anonymous on it. Don't believe me? Then tell me, who is Satoshi Nakamoto? https://lnkd.in/d4-XWu7r And in the U.S., now the Democratic Party is sending signals that it will turn a leaf and be more pro crypto. And of course, I have been saying that ALL politicians will be pro Crypto once they see their interests benefit from it. That's why it was no surprise when the Trump campaign announced it would be pro crypto. And that is why it is no surprise that the Harris campaign is now signaling similar pro crypto intentions, though they are not yet fully publicized. Expect all politicians to eventually come around. Because of course.?Bitcoin FTW. https://lnkd.in/dJdDz6DV

A must read for all! Now, I am sure most MEPs have the best intentions, but they must come to their senses. The latest #EU #regulations against #moneylaundering are insane. They have little effect in further lowering #financialcrimes, while they are very effective at depriving innocent citizens of their #financialfreedom and mostly, of their #dignity. People are getting tired of being treated like potential criminals every time they move their hard earned #money. Is it possible that nowadays I must feel afraid if I sent 1,000 EUR to my parents or my partner? It takes nothing for any financial provider to ask me "questions" about my latest transaction! Authorities are supposed to be referee of citziens' lives, not to be their control-freak parents! It's time to roll back some measures, maybe like abolishing #AML6 and even #AML5. #AML4 was enough. And even #MICA needs deep rewriting. It's clearly written by who doesn't understand #cryptocurrencies and #digitalassets Let it sink in for a moment. The recent rise of #farright extremism is not only due to #immigration, people's utter and widespread ignorance, or toxic content on social media. It is also fuelled by #nonsense financial regulations that choke people to their very core, depriving them of doing, not only what they want, but even what they need. #Transactions are mostly about fulfilling our needs, more than our wants. Do you really want to drive people crazy and make them explode in violent #anger? European Parliament European Commission You keep on heating a pressure pot with the lid sealed! #irresponsbile https://lnkd.in/dc6wpHAa

Imagine if all governments did this and had a spotlight to the tax paying citizens coupled with a consensus model built in. We would see major cost cutting, departments being closed down, and a lot of the corruption being exposed. Decentralised government is possible for many departments to work as DAO style models. I recall debating this on stage some 3 years ago. https://lnkd.in/ewJQNzJZ #decentralizedfuture #governmentbudget #taxpayer #lessgovernment and more #governance

10 steps to protect your money from the next financial?crisis

?? New research examines the impact of sanctions on decentralized finance In August 2022, the U.S. Department of the Treasury sanctioned #TornadoCash (TC), a decentralized protocol designed to enhance transaction privacy on public blockchains. The sanctions cited TC's role in laundering over $7 billion worth of virtual currency since 2019. TC works by allowing users to deposit funds into smart contracts, pool them with others, and later withdraw them to different addresses—potentially obscuring the transaction trail. While privacy-enhancing, this mechanism can also be exploited for illicit purposes. A compelling study by researchers at the Federal Reserve Bank of New York analyzes how these sanctions affected the #Ethereum ecosystem. Key findings: ? TORN token (TC's governance token) value dropped 60% immediately after sanctions were announced ? Transaction volumes on TC fell 72% post-sanctions, but some pools have since recovered ? Cooperation with sanctions varies along the settlement chain - strongest at the user level, mixed among builders/proposers ? Censorship resistance appears fragile, with the inclusion of sanctioned transactions relying heavily on a small number of non-cooperative actors ? Non-cooperation does not seem economically motivated, suggesting philosophical reasons drive some actors' decisions The study illuminates the complexities of regulating decentralized systems and raises important questions about censorship resistance. Balancing privacy, regulatory compliance, and decentralization in crypto can be tricky, raising questions about the future of decentralized systems. Credits: Anders Brownworth | Jon Durfee | Michael Junho Lee | Antoine Martin Link: https://lnkd.in/er_6-GAx #Blockchain #Regulation #DeFi #Ethereum #Privacy

Read this Paxful Financials review to ascertain the legitimacy of this broker. Keep yourself informed to safeguard your finances in the financial market. https://lnkd.in/dMFMv3by #PaxfulFinancialsreview #PaxfulFinancialsscam

There is this idea that cryptocurrencies are going to take part in our day to day finances. The more I learn about them, the more questions I have ?? Meanwhile here are some of the answers to start a conversation about this. https://lnkd.in/dkUYJqcu

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