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EU Seizure of Russia’s Assets Could Erode Euro’s Reserve Status

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Seizing Russia’s frozen assets risks catastrophic fallout, including collapsing trust in global financial systems, destabilizing the euro, and sparking severe retaliatory measures. Confiscating Russia’s Assets Could Backfire Catastrophically, Euroclear Cautions EU Euroclear Ltd., the Belgian clearinghouse responsible for holding the bulk of Russia’s frozen central bank assets, has raised significant concerns about the risks and … Read more

EU Banking Rules Give Crypto Firms an Edge Over US Counterparts, Analysis Finds

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European Union banking regulations have provided a significant competitive advantage for crypto firms compared to the challenges faced by their U.S. counterparts, according to an analysis by Patrick Hansen, senior director of EU strategy and policy at Circle. Circle Exec: Regulatory Clarity Helps Europe Surpass U.S. in Crypto-Friendly Banks According to Hansen’s report, he highlights … Read more

Ireland Moves to Draft Urgent Legislation for Cryptocurrency Regulations Ahead of EU Deadline

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Ireland’s Finance Minister Jack Chambers has announced plans to draft urgent legislation aimed at updating financial regulations to include cryptocurrency and digital asset firms. According to the Irish Examiner, this legislation is crucial to ensure compliance with new European Union money laundering and financing of terrorism laws, which are set to take effect on December … Read more