Theme Regulation

As the G7 considers tapping into frozen Russian assets to support a massive loan to Ukraine, the Kremlin does not hide its concern. Through warnings from its senior officials, Russia warns of consequences that could weaken the supremacy of the dollar and redefine international monetary balances.

The global geopolitical landscape is undergoing significant changes, and the BRICS, this group of emerging powers, is at the heart of this reorganization. As economic and political tensions with the West intensify, more than thirty nations have expressed their willingness to join this alliance at the annual summit currently taking place in Kazan from October 22 to 24, 2024. In the face of Western hegemony, the BRICS aim to reshape the balance of power and free themselves from the dominance of the dollar in international trade.

The ECB bites into Bitcoin: a scathing report, sharp criticisms, and a well-felt war of interests behind the scenes.

As the United States approaches a pivotal presidential election, the budget deficit for the 2024 fiscal year has reached new highs, raising concerns about the viability of the public finances of the world's leading power. Indeed, with debt continuing to grow despite rising tax revenues, discussions around budget management have become central to the political debate.

As governments seek to maintain control over their finances and close ever-growing budget deficits, a new enemy seems to be rising in their path: Bitcoin. The crypto, with its limited supply and decentralized nature, disrupts traditional economic models and forces some actors to consider radical measures. It is in this context that the Federal Reserve Bank of Minneapolis has newly published an explosive report suggesting that to maintain ongoing deficits, governments should either tax or outright ban Bitcoin. Such a shocking statement comes as the United States struggles to contain its national debt, which is reaching record levels, and as regulation of cryptocurrencies becomes a sensitive topic.

A new twist in the Ripple vs. SEC case has shaken the community. In the midst of an ongoing legal battle, the Securities and Exchange Commission (SEC) has filed a last-minute appeal, thus reigniting a lawsuit that could define the future of cryptocurrencies in the United States. Since the historic decision by Judge Analisa Torres in July 2023, the question of whether XRP sales should be considered securities remains at the heart of the debates. The timing and arguments put forward by the SEC in this appeal have caught market players off guard, as well as the XRP community, which views it as a desperate attempt at regulation through repression.

As the global economy continues to recover from successive crises, a new announcement from the IMF reveals a mixed trend: global public debt will reach 100 trillion dollars by the end of 2024. This staggering amount, equivalent to 93% of global GDP, represents a critical point in the budgetary management of states. The world now finds itself at a crossroads where managing this colossal debt has become more crucial than ever.

Wecan continues to evolve and strengthen its ecosystem. In 2024, the partnership with WIZE, a Swiss leader in wealth management software, marks a crucial step in simplifying compliance processes for asset managers and banks. This collaboration illustrates Wecan's commitment to building a digital environment that addresses the contemporary challenges of the financial industry.

The Taiwan Strait is once again boiling, and tensions between China and Taiwan are reaching a critical threshold. At the beginning of this week, Beijing intensified its show of military force by deploying fighter jets and warships all around the island, in what is described as a direct warning to Taiwanese "separatists." This surge in tension comes in a context where relations between Beijing and Taipei have continued to deteriorate since Lai Ching-te came to power in 2024, raising fears of an escalation with unpredictable consequences.

The upcoming BRICS summit, which will take place in Kazan, Russia from October 22 to 24, appears to be a key milestone in the ongoing international reshaping. By bringing together several rising powers and strategic partners at the same table, this summit aims to strengthen the bloc's influence on global economic, political, and diplomatic issues. The presence of Antonio Guterres, Secretary-General of the United Nations, at the heart of these discussions is a strong sign of recognition of the growing importance of the BRICS. More than just a diplomatic trip, his participation reflects a desire for openness and the integration of this group into global governance.

French banks, experts in tax evasion and deforestation, know how to plant the planet and pluck their clients!

Despite increasing economic sanctions, Russia continues to find creative ways to circumvent Western bans. According to the CERA report, the Russian Federation sold nearly 2 billion dollars worth of oil to Western countries through intermediaries. This figure illustrates the ingenuity with which the Kremlin keeps its economy afloat despite the restrictions.

The new Western sanctions against Russia continue to expand their influence. This time, it is the Moscow-Ankara axis that is bearing the consequences. With billions of dollars in trade settlements at stake, the repercussions on exchanges between Russia and Turkey could be profound and lasting. In a context where Turkish banks are now under increased scrutiny from the United States, the future of transactions between these two economic giants is uncertain.

France has made an unexpected request to the European Commission as Europe seeks to maintain post-pandemic budgetary balance. Indeed, it is asking for an extension of the deadline for submitting its public deficit reduction plan. The aim behind this request is to enable it to align this plan with the finance law for the year 2025. With a colossal public debt, France is far beyond the thresholds set by the EU. This request therefore threatens the economic stability of the euro area, as well as that of the crypto market.

Turkey, a key member of NATO, has just shaken the global geopolitical order with a surprising request to join the BRICS bloc, an economic and political alliance dominated by Russia and China. This initiative represents a decisive step in Ankara's diplomatic strategy, traditionally anchored in strong Western alliances. Turkish President Recep Tayyip Erdoğan appears determined to redefine his country's position on the international chessboard, seeking to establish partnerships beyond its historical alliances with the West. This development comes at a time when geopolitical tensions are high, challenging the balance of power between East and West.

The announcement of Palestine's intention to join the BRICS is a significant step in international relations in the Middle East. This Palestinian initiative adds a new dynamic to global economic and political alliances. Palestine's potential participation in this influential group represents a search for new economic partners. It is also a bold attempt to reposition itself on the global chessboard.

Here are innovative solutions to effectively protect you against financial abuse in the real estate sector.

Facing Western sanctions, Russia is accelerating its crypto adoption with bold initiatives. Two new exchange platforms are set to emerge soon in Moscow and St. Petersburg, aimed at supporting the country's foreign economic activity and strengthening its financial resilience.

The economic standoff between the European Union and China is intensifying. This situation outlines the contours of a potential trade war that could reshape the global economic landscape. The recent decision by the EU to impose tariffs of up to 36.3% on Chinese electric vehicles is not just a protectionist gesture. It marks a strategic turning point in the battle for control of the global renewable energy market. In response, Beijing quickly retaliated through an anti-subsidy investigation into European dairy products. These retaliatory measures illustrate a rise in tensions that goes far beyond mere trade disputes, raising many questions about the future of Sino-European relations.

The return of the ISF frightens wealthy savers: Discover why Luxembourg is becoming their preferred tax refuge.

Europe is positioning itself as a global leader in crypto regulation, with the recent adoption of the MiCA regulation. However, behind this ambitious project emerges a worrying paradox: this legislative framework, supposed to stabilize the market, could actually weaken the very foundations of the banking system. This is the warning issued by Paolo Ardoino, CEO of Tether, who sees in these new rules a threat not only to stablecoin issuers, but also to all European financial institutions.

Ripple must pay 125 million dollars in penalties, marking the end of the trial against the crypto regulator, the SEC!

The regulation of cryptocurrencies in France has taken a significant new step. Indeed, the French regulator, the Financial Markets Authority (AMF), has begun accepting applications from service providers on crypto assets. This initiative precedes the implementation of the European Union (EU) rules on crypto asset markets (MiCA).

India is set to take a decisive step in crypto regulation. Indeed, the government plans to publish a discussion document by September detailing its position on digital assets. This initiative marks an important step towards establishing a regulatory framework in a country where uncertainty has long reigned.

The Duma is relying on bitcoin to bypass Western financial sanctions.

Russia is using cryptocurrencies to bypass Western sanctions, sparking concerns in the United States.

In the crypto industry, Asia and Africa surpass the United States in startups. Discover the reasons behind this trend.

The Bank of Italy announces the imminent publication of its crypto guidelines, marking a crucial step in the implementation of the European Union's MiCA regulation. Governor Fabio Panetta promises a forthcoming clarification of the regulatory framework.