Sweden calls the EU to ban crypto mining over environmental and criminal risks

    Swedish financial and environmental authorities have called for a wide ban on cryptocurrency mining in European Union (EU), saying that the environmental risks are significant and that crypto-assets are commonly used for criminal purposes, such as money laundering, terrorist financing, and ransomware payments. They also cited India’s and the US’s preparations to fix the unregulated…

    Newfound relevance for CBDC in the EU and the USA

    The financial world is rapidly getting rebuilt using blockchain. China is ahead of its geopolitical rivals, having already adopted the digital yuan; and both businesses and private investors are putting billions in crypto and DeFi with zero central bank regulations. In these conditions, the Fed and the ECB are forced to accelerate. I confess that…

    Europe is getting ready to drastically tighten cryptocurrency regulations

    Europe is about to take a major step towards “Sinification” by introducing total control over the cryptocurrency operations of its citizens. European regulators decided that they had found a way of denying anonymity to any cryptocurrency dealings. Ever since the first real crypto boom in 2017, European financial regulators have taken an ambivalent position regarding…