Category: Politics
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Serious Accusations: North Korea Has Hacked $1.2 Billion In Cryptocurrencies And Other Assets For Its Economy!
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North Korean hackers allegedly have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrencies and other virtual assets over the past five years, more than half of them this year alone, South Korea’s spy agency said Thursday. Experts and officials say North Korea has turned to crypto-hacking and other…
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MEP Kaili Suspended From The Party Over A Money Laundering & Corruption Scandal!
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European Parliament Vice President Eva Kaili, a key figure in ongoing efforts to regulate cryptocurrencies in Europe, has been suspended by her party. It comes in response to reports that she and others are allegedly involved in a wide-ranging corruption scandal involving illegal lobbying for Qatar.
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EU Disgraces Itself With An Interactive Online Party!
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Around €387,000 in costs, five visitors at the online party on 29 November 2022. It was part of an EU-funded initiative called Global Gateway. This was reported by the magazine Devex (via Politico), whose editor attended the party himself. In addition to him, at least some of the other visitors…
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SNB Vice President: “Cash Is Not A Given!”
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At a time when cash is being used less and less, and large banknotes, in particular, are increasingly being phased out, the Swiss National Bank is standing firm. SNB Vice President Martin Schlegel sees an essential function for this “traditional form” of transaction and store of value.
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Minister Fleming Holds The Inaugural Meeting Of The Joint FinTech Group!
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The Irish Minister of State with Special Responsibility for Financial Services, Credit Unions and Insurance, Seán Fleming (@SeanFlemingTD), held the inaugural meeting of the Joint Fintech Group on November 16. The Joint Fintech Group is a priority of the 2022 update of Ireland for Finance strategy, unveiled in October. The…
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Ukrainian Aid Money May Be Gone In Bankruptcy Of Crypto Exchange FTX!
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In March, the Ukrainian government under Volodymyr Selenskyj proudly presented a new way of increasing donations: The crypto exchange FTX was supposed to make more out of 100 million – now FTX is bankrupt. The suspicion: vast sums of aid money are gone.
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Russian FinTech CEOs Renounced Their Russian Citizenship!
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Vladimir Putin will definitely not like it. Revolut CEO Nikolay Storonsky and Tinkoff founder Oleg Tinkov are two prominent financial entrepreneurs who have renounced their Russian citizenship. They criticize Putin’s war course in no uncertain terms.
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China Approves Plan For ‘Healthy’ FinTech Sector Development!
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Chinese President Xi Jinping chaired a conference this week that approved publicizing the “healthy” development of the payment and fintech sectors. The meeting of the central commission for deepening overall reform also backed improving regulation of significant payment platforms, adding that companies would be encouraged to return to their roots…
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German Retailers Call For European Strategy On Cashless Society!
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Cashless societies are quickly becoming a reality. As sales generated with cash in the retail sector have declined significantly, the German Retail Association (Handelsverband Deutschland or HDE) is calling for more active political support for the shift toward mobile payments and cashless payment methods. HDE calls for national and European…