🔥Relevant Crypto News of the Week🔥

🔸Up or down, bitcoin brings “harm” to society, says #BCE (European Central Bank). The ECB sees Bitcoin as an asset harmful to social cohesion. Ulrich Bindseil and Jürgen Schaaf, the authors of the document entitled “The distributional consequences of #Bitcoin ”, argue that its price increase could lead to an “impoverishment of the rest of society”.

🔸Minneapolis Fed calls for bitcoin to be banned. The Minneapolis Federal Reserve joined the European Central Bank in its criticism against Bitcoin. In a working document prepared by Amol Amol and Erzo Luttmer, bitcoin is described as “a useless piece of paper” that can be traded.

🔸Academics refute ECB anti-bitcoin document. Experts say #BTC 's volatility claim ignores the benefits of its technology. They accuse the ECB of wanting to influence public policy debates and abandon neutrality.

🔸Italy's President approves 42% increase in cryptocurrency taxes. President Sergio Mattarella signed the 2025 budget bill, which proposes the increase.

🔸#Saylor calls bitcoiners “paranoid crypto-anarchists” and sparks debate. Lopp, Keiser, Mallers and other community members questioned Michael Saylor's comments on personal custody of bitcoin.

🔸Michael Saylor: “I support self-custody of bitcoin for those who can afford it.” The businessman clarified his position in favor of personal custody of BTC, even though he thinks there are “paranoid crypto-anarchists.”

🔸De-dollarization at the center of the debate: 3 keys to the BRICS Summit. The Summit of the #BRICS s is taking place in Russia, focusing attention on its strengthening and de-dollarization of the bloc.

🔸Putin proposes creating an own BRICS economic platform. The Russian president says that a BRICS platform would help “unlock the potential” of the economies of the bloc countries.