geopolitics
Risks and Rewards: The Impact of Sanctions on Russia 🇷🇺 Paid Members Public
Risks and Rewards: The Impact of Sanctions on Russia 🇷🇺 Do challenges, setbacks, and sanctions make us stronger? Consider this operational chain: crypto exchange → intermediaries → payment agents → stablecoin issuer → fintech intermediaries and their beneficiaries. The U.S. Department of the Treasury🇺🇸added the entire ecosystem linked to the crypto exchange Garantex�
💀Ukraine🇺🇦: PlayCity regulator has already blocked over 1,300 illegal casinos Paid Members Public
💀Ukraine🇺🇦: PlayCity regulator has already blocked over 1,300 illegal casinos The new Ukrainian regulator is determined to prove its efficiency and adherence to regulations. ▶️The Economic Security Bureau (BEB) is currently investigating nearly 80 criminal cases related to the illegal organization or operation of gambling and lotteries. ▶️Crackdown on
💥Ukraine🇺🇦: National Bank pledges to simplify authorization procedure for non-bank institutions to operate as payment companies Paid Members Public
💥Ukraine🇺🇦: National Bank pledges to simplify authorization procedure for non-bank institutions to operate as payment companies The key element is a standard separating financial licenses from payment licenses. ▶️Separate licenses will be required for money transfer services (with or without account opening), acquiring services, and foreign exchange operations. ▶️Importantly, the
🎉 Europe: Mastercard and Deutsche Bank🇩🇪 launch open banking Paid Members Public
🎉 Europe: Mastercard and Deutsche Bank🇩🇪 launch open banking The drive for account-to-account (A2A) payments has been actively championed by Wero, the digital wallet backed by Deutsche Bank. Developed under the European Payments Initiative (EPI), it aims to serve as a European alternative to Mastercard and Visa. ➡️ #Geopolitics in play❗️The
⚡️Northern Europe and Estonia 🇪🇪 develop offline card payment systems Paid Members Public
⚡️Northern Europe and Estonia 🇪🇪 develop offline card payment systems Finland 🇫🇮, Sweden 🇸🇪, Norway 🇳🇴, Denmark 🇩🇰, and Estonia are working on initiatives to safeguard card payments in the event of connectivity disruptions. ▶️ Since card transactions typically rely on uninterrupted access to international networks, these governments are developing solutions that enable encrypted transaction data
⚡️United Kingdom 🇬🇧: strict crypto regulation is on the horizon Paid Members Public
⚡️United Kingdom 🇬🇧: strict crypto regulation is on the horizon The UK is developing new legislation for digital assets in collaboration with the United States. While the European Union has already implemented its MiCA framework, the British government has emphasized that the U.S. experience in this space serves as a
📉 Europe: The Central Bank will form a task force to simplify banking rules Paid Members Public
📉 Europe: The Central Bank will form a task force to simplify banking rules Although this topic hasn't been widely discussed, it is expected that the group will consist of the Presidents of the Central Banks of Germany🇩🇪, France🇫🇷, Italy🇮🇹, and Finland🇫🇮, who will be responsible for the initiative.
🧐 Italian authorities 🇮🇹 demand that UniCredit exit Russia 🇷🇺 Paid Members Public
🧐 Italian authorities 🇮🇹 demand that UniCredit exit Russia 🇷🇺 The Italian regulator is threatening to block the acquisition of local bank Banco BPM unless UniCredit reduces its presence in Russia. Another condition would be to limit lending activity on Russian territory. 🎀 UniCredit’s Russian subsidiary, UniCredit Bank, is a legal Russian entity.