Effective from 2023-06-02 at 00:00 (UTC), Binance Card will start charging foreign transaction fees and overseas ATM withdrawal fees on transactions outside of Europe.
This is applicable to Binance Card users in Europe only.

#Binance #binancecard #europe

Euro Goes Digital: MONEI's EURM Stablecoin Ushers in a New Era Under Central Bank Watch

Spanish fintech MONEI has launched a EURM euro stablecoin pilot under the Bank of Spain's supervision. The pilot aims to provide a digital alternative to fiat, enhancing transaction efficiency and security. MONEI collaborates with the central bank to align with regulations and address digital currency risks.

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#Write2Earn #europe #monei #EURM

OECD Considered 2024 as a Challenging Year!

Approaching 2024, the global economy presents a challenging and uncertain landscape. Drawing insights from the recent OECD report, let's delve into the key points shaping the economic narrative.

1. General Economic Overview: Continued Slowdown

OECD Estimate: OECD anticipates a slowdown in global economic growth, decreasing from the current year's 2.9% to 2.7% in 2024.

Challenges Ahead: Ongoing conflicts, persistent high inflation, and rising interest rates stand among the expected difficulties.

2. Regional Dynamics: Fabric of Change

🇺🇲 USA: Navigating Contrary Trends

Economic Slowdown: The U.S. prepares for a slowdown with the growth forecast dropping from 2.4% in 2023 to 1.5% in 2024.

Impact of Fed Policies: Repeated interest rate hikes since March 2022 echo as a constraint on the country's economic vitality.

🇨🇳 China: Overcoming Challenges**

Slowing Growth: Economic giant China is expected to experience a moderation with growth decreasing from 5.2% in the current year to 4.7% in 2024.

Challenges Ahead: A housing crisis, increasing unemployment, and sluggish exports contribute to nuanced challenges faced by the world's second-largest economy.

🇪🇺 Europe: Navigating Stormy Seas

Persistent Fatigue: Eurozone copes with rising interest rates and soaring energy prices post-Russia-Ukraine invasion, contributing to global economic complexities.

Growth Forecast: The Eurozone's total growth forecast slightly surpasses the predicted 0.6% for 2023, standing at 0.9%.

3. Unforeseeable Factors: Geopolitical Tensions as a Major Threat

Geopolitical Risks: OECD issues a warning about the potential impact of geopolitical tensions, with the Israel-Hamas conflict taking the forefront. Escalation could lead to significant disruptions in energy markets and vital trade routes.

4. Reflection on Past Predictions: Navigating Uncharted Waters

OECD: 2023 growth is strong, but current economic situation moderately assessed due to tightening financial conditions and waning confidence.

#OECD #usa #China #europe

Hello
I'm from Europe. As you know, MiCA is entering. What now? everything is based on USDT and my entire portfolio is USDT. What to do now? Copy trading no longer works.

$BTC $USDT
#Bitcoin #Binance #MiCa #europe #copytraiding

The banking crisis began to hit Europe this morning as shares of BNP Paribas and Credit Suisse fell.

Equity markets across the EU fell 2-4%

#bank #EU #europe #BTC #Binance

Unfortunately, Europe is taking away financial autonomy! 😤 Any cash transaction exceeding €10,000 will be illegal, and cash payments exceeding €3,000 will also require identification.

Additionally, payments made with cryptocurrencies from anonymous wallets will be prohibited, including those from mobile, desktop, or browser apps.

This violates the fundamental human right to anonymous transactions, essential for achieving individual financial liberty.

Prohibiting these transactions will have adverse economic and social consequences, resembling a social credit system! #TradeNTell #Write2Earn #CryptoNews🚀🔥 #europe #PiNetwok

⚠⚠ BREAKING NEWS: EUROPE WANTS TO BAN DECENTRALIZED DEFI ⚠⚠

Europe's DeFi industry faces potential upheaval as the European Commission mulls over new regulations, including possible bans on non-decentralized protocols.

Under the Markets in Crypto-Assets (MiCA) framework, the Commission must submit a report by Dec. 30, 2024, assessing the DeFi market and proposing specific regulations. The focus is on exploring the regulation of activities like crypto-asset lending and borrowing, which are integral to DeFi.

The proposed regulations have sparked concerns about the legal viability of some crypto projects. MakerDAO co-founder Rune Christensen warns that DeFi frontends, like decentralized exchanges, could face licensing requirements, potentially rendering them impossible to operate as we know them today.

Nathan Catania of XReg Consulting suggests that the extent of DeFi rules will hinge on regulators' interpretation of decentralization. Entities performing professional services within DeFi arrangements could fall under MiCA regulations, even if the systems appear decentralized.

Moreover, the Financial Action Task Force (FATF) proposes that individuals or entities exerting control over DeFi arrangements could be classified as Virtual Asset Service Providers (VASPs), regardless of decentralization claims.

As regulators navigate the complexities of DeFi, the industry has experienced explosive growth, with the total value locked (TVL) in DeFi protocols surging from $570 million in April 2020 to $96.7 billion today.

The challenge lies in distinguishing between purely technological arrangements and systems with controlling parties, as Catania points out. The outcome of regulatory deliberations will significantly shape the future of DeFi in Europe and beyond. 🚀

📜
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#defi #decentralization #bitcoin #europe #regulation