geopolitics
🎉 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.
🔝Banco Santander🇪🇸 secures license in Canada🇨🇦, but its real target is the U.S.🇺🇸 Paid Members Public
🔝Banco Santander🇪🇸 secures license in Canada🇨🇦, but its real target is the U.S.🇺🇸 The license grants Schedule II status, allowing the bank to accept deposits, offer credit, manage assets, and issue credit cards. Currently, 15 banks hold this status in Canada. ➡️ Santander has been present in Canada for over
💣 The EU may stop using Visa and Mastercard Paid Members Public
💣 The EU may stop using Visa and Mastercard The debate centers on the need for Europe to have its own digital payment infrastructure and to push back against U.S. and Chinese dominance in the sector. Christine Lagarde, president of the European Central Bank, expressed on the podcast “The Pat
🌍 A macroeconomic analysis: according to the ECB, the adoption of cryptocurrencies and non-bank financing in the US 🇺🇸 globally is not good news Paid Members Public
🌍 A macroeconomic analysis: according to the ECB, the adoption of cryptocurrencies and non-bank financing in the US 🇺🇸 globally is not good news The European regulator expresses concern, stating that “financial crises tend to originate in the US and then spread to the rest of the world.” However, the real fear