EU Approves Severe Limits on Cash Transactions
The ban comes in the name of crime prevention, but critics say it will harm ordinary citizens.
The ban comes in the name of crime prevention, but critics say it will harm ordinary citizens.
Christine Lagarde, ECB president, opined that even small transactions using the digital euro should be subject to control.
Schneider’s disappearance relates to a multi-billion dollar crypto scam by the infamous OneCoin firm as speculation mounts that individuals associated with the Ponzi scheme are being murdered off.
Service providers using crypto-assets, for their part, must register as such and conform to certain security standards, including to do with the avoidance of money laundering.
Besides cases of scams, the bill will be approved against the backdrop of increased vigilance by President Macron against his opponents, including ordinary citizens who express their opposition on social media.
The Bretton Woods System is “outdated, dysfunctional, and unfair,” the UN Secretary-General said at the G7 Summit in Hiroshima. Could this be the moment for CBDCs?
No more tax evasion with crypto, as service providers now need licenses to operate and are required to collect and share data on all transactions with the relevant authorities.
Officials also seized over 100 firearms, almost a tonne of drugs, and more than €50 million in cash and cryptocurrency.
Anthony Scaramucci believes there is a strong moral case for crypto. Whereas the Federal Reserve can inflate away our money today, crypto remains impervious to such measures.
To highlight the basic nature of crypto currencies, we will focus on the two most popular: Bitcoin and Ethereum. These two cryptos differ much in the same way as gold-standard currency differs from fiat currency.
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