Bjarke Smith-Meyer @bsmithmey Twitter profile

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Bjarke Smith-Meyer

@bsmithmey

4 months

📢 PERSONAL NEWS: I'm thrilled to announce that I'm joining the Knight Bagehot Fellowship at Columbia University in August!

Knight-Bagehot Fellowships

@Bagehots

4 months

Excited to announce the 2024-25 Knight-Bagehot fellows. Congrats @varshaabansal , @bjonescooper , @OliviaGKA , @ralfrivas , @MissRyley , @bsmithmey , @iamsternlicht , @kensweet , @Kate_H_Taylor , @zhangerchi . Full list and bios at

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @MarshallHayner is primarily worried that the regulator’s axe wd also hit crypto lenders in the #DeFi space. “It’s important we protect innovation for #crypto in America, while preserving the safeguards we have come to expect in banking and traditional financial services.” END

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @ecb must ensure that a digital € comes w/strict safeguards vs government snooping, according to @ecuarauz , the architect of the world’s first #CBDC and presidential candidate in Ecuador’s elections last year. If not, European democracy is at stake.

Democracy at stake if digital currencies trample over privacy, says ex-central banker

Ecuador’s Andrés Arauz issues warning as the ECB lays the groundwork for its digital euro.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

1 year

. @SenSherrodBrown 's, @JohnBoozman 's and @PatrickMcHenry 's offices are set to send top staffers in a US delegation of around a dozen folks from the Hill to Brussels and Paris next week to talk #crypto with EU regulators and legislators 🧵 w/ @samjsutton

Top US advisers plan crypto trip to Brussels

15 Feb 2023 - Pro Article - By Bjarke Smith-Meyer, Sam Sutton

api.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

2 years

Financial punters bet the days of @Tether_to are numbered. Rubbish, says Tether, which issues stablecoins to the #crypto market, dismissing short sellers' allegations & warning such false accusations threaten the entire ecosystem. They’ve got a point ... 🧵

Tether’s finances spark broader battle over crypto’s credibility

Tether says every crypto asset it issues is backed by $1. Short sellers don’t believe it.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

1 year

. @Bitpanda CEO, Eric Demuthe, isn't happy. For too long unregulated #crypto companies, outside the EU, have used savvy marketing campaigns to appear on screens of people's smartphones & TVs to push their brands without adhering to local advertising rules 🧵

Got FOMO? Unregulated crypto firms have you just where they want you

Loophole in financial rules means companies are exploiting your fear of missing out.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @DrStefanBerger & @Bitcoin -backers will be on edge for 24hrs — time MEPs have to block #EU 's markets in #crypto assets bill from final talks w/ @EUCouncilPress & force plenary vote. The threat is unlikely. #MiCA watchers shd instead look 2 future clashes 🧵

Brussels split over who will be crypto watchdog

At issue is crypto’s existential question: Is it an asset or is it money?

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

5 years

. @ecb watchers consider @ollirehn as the compromise candidate that could succeed #Draghi in the fall. Could the Finn prove to be the "perfect" president? Read the profile and interview of @SuomenPankki Governor here: h/t @fwred @carstenbrzeski #eupol #ECB

The ‘perfect’ ECB president should be … Olli Rehn?

Finland’s central banker, an undeclared candidate to replace Mario Draghi, promises he’s not the stereotypical silent Finn.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

3 years

@POLITICOEurope It's your ability to lead w humour that I'll miss the most. You'll live on in our newsroom, no question. But it's all just so unfair. Rest in peace, Stephen. We'll keep the copy flowing

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Bjarke Smith-Meyer

@bsmithmey

5 months

Here's your update on the nine-way race to find the EU's future dirty money watchdog ( #AMLA ) a home:

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Bjarke Smith-Meyer

@bsmithmey

3 years

. @nayibbukele and his government are looking to #crypto bros to figure out #bitcoin 's biggest challenge: Price stability. @fulloa51 sat down with @POLITICOEurope to explain how. Read here:

El Salvador looks to crypto bros to stabilize Bitcoin

The government is trying to make a novel experiment work by tackling the virtual currency’s biggest flaw — price stability.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

5 months

. @MarkusFerber is a name many know within #EU 's financial circles. But few know Michael Heijmeijer. In a year-long @POLITICOEurope investigation, we shine a light on the decade-long relationship between the Bavarian MEP and the Dutch businessman. Read 👇

The Markus Ferber affair: When lawmaking meets business

The relationship between a powerful German MEP and a Dutch businessman blurred the lines between public service and private gain.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @EU_Commission today told EU capitals that they should ban #crypto -mining if demand for electricity exceeds supply

Commission calls for potential ban on crypto mining to save power

18 Oct 2022 - Pro Alert - By Bjarke Smith-Meyer

api.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @CelsiusNetwork 's crisis has #crypto companies fearing a regulatory backlash on both sides of the Atlantic that cd leave all crypto lending hamstrung or even banned w/ @samjsutton

Crypto industry fears regulatory backlash over lending crisis

The meltdown of Celsius Network has rattled crypto companies already on high alert.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

5 months

Votes are being counted ...

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @ecb will consider capping digital euros in circulation to 1.5 trillion at most, exec board member Fabio Panetta told @EP_Economics today. ICYMI #CBDC

ECB eyes cap of 1.5 trillion digital euros

15 Jun 2022 - Pro Alert - By Bjarke Smith-Meyer

api.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

1 year

They’ll also spend time with crypto companies that have set up shop in the EU to see what they think about #MiCA . These include folks from @avalabsofficial , @binance , @bitstamp , @chainalysis , @circle , @coinbase , @krakenfx , @Uniswap , @Ripple , @StellarOrg & @trmlabs

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Bjarke Smith-Meyer

@bsmithmey

5 months

Imagine how furious the Germans would be if they were denied and AMLA went to ... Paris, for example. Carnage.

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @EuCInitiative & @BlockchainforEU condemned online abuse that industry trolls fired at #EU legislators over @EP_Economics ' tweaks to #TFR that'd require companies to check who’s sending funds, of any amount, in form of #crypto , & who will receive them 🧵

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Bjarke Smith-Meyer

@bsmithmey

5 months

Frankfurt wins with 28 votes.

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Bjarke Smith-Meyer

@bsmithmey

5 years

. @pierregramegna led the charge against @FinGovernment 's bid to pass a #tax transparency bill in @EUCouncil w/ backing from #Cyprus , #Ireland & #Malta among others. “Ironic is hardly the word,” @TimoHarakka told @POLITICOEurope . @TI_EU #unimpressed #CBCR

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Bjarke Smith-Meyer

@bsmithmey

4 years

Whatever happens tonight at #EUCO , @EU_Commission is hoping leaders will sign off on a €323 billion #coronavirus recovery fund linked to the new #EU budget in June according to a document seen by @POLITICOEurope . w/ @liliebayer

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @Ledger & other #crypto companies this week launched a last-ditch lobbying effort to convince @EP_Economics & @EUCouncil to go easy on non-custodial wallets in a bill that'll enforce due diligence checks on the transfer of funds through cryptocurrencies 🧵

Crypto campaign targets EU ‘track-and-trace’ bill at 11th hour

27 Apr 2022 - Pro Article - By Bjarke Smith-Meyer

api.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

5 months

Good morning dear #AMLA enthusiasts. I have one treat for you after #Frankfurt 's win last night. It seems the German government got a helping hand from @AfD 's MEP @gunnar_beck to win the race for the EU's future dirty money watchdog

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @ecb 's crypto-bashing, @EU_Commission 's tax transparency bill, @EUCouncil 's anonymity crackdown & more self-reflection after @FTX_Official meltdown ... it's been a busy first week since returning from paternity leave ... so, forgive the radio silence. Here's a quick breakdown 🧵

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @Bitcoin & #crypto policies are all the rage in #Brussels . So was only Q of time before #tax talks would surface. @EP_Economics tax subcommittee debating this today. Bt goal isn't an EU tax against cryptocurrencies, @lidiafopereira says

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Bjarke Smith-Meyer

@bsmithmey

5 years

. @EU_Commission will join #EU governments, including @brunolemaire and @OlafScholz , in a warning that they may block #stablecoins like @Facebook 's @Libra_ until rules and supervision are in place, according to a draft document. @POLITICOEurope #eupol

Commission eyes Libra ban until addressing ‘challenges and risks’

5 Nov 2019 - Pro Alert - By Bjarke Smith-Meyer

api.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

5 months

Ok. Here's the plot twist. MEPs are hoping, no, demanding that a new voting system be agreed with EU ambassadors. The reason is that many within the @EUparliament MUCH prefer other cities' bids for #AMLA and are reluctant to hand Frankfurt the win without a fight.

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Bjarke Smith-Meyer

@bsmithmey

5 months

So I THINK, I stress, THINK ... it's Frankfurt's race to win. But I can't confirm that yet. I repeat. This is NOT confirmed.

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @Bitcoin -backers can relax. No formal challenge has emerged in @Europarl_EN vs @DrStefanBerger 's mandate to kickstart final talks with @EUCouncil on the markets in #crypto assets ( #MiCA ) over #PoW energy consumption. So-called trilogue talks cd start as soon as next week #eupol

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Bjarke Smith-Meyer

@bsmithmey

8 years

Can #fintech serve as a way for #women to escape #gender #inequality in the #finance sector?

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @ecb & @BrunoLeMaire are warning against a #crypto loophole that #Russia and its #Oligarchs could use to evade western sanctions with. We asked around and it seems the risk might be overblown

Why crypto isn’t Russia’s safest haven

Cryptocurrencies may seem like a good tool for evading sanctions, but it’s a workaround littered with booby traps.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

2 years

The idea is to put lenders at ease. Banks are freaking out that savers might prefer the digital euro to deposits that give no return — or even cost them money. @ecb cd also apply “less attractive rates” on ppl with large CBDC holdings to discourage its use as a form of investment

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Bjarke Smith-Meyer

@bsmithmey

5 years

. @BrunoLeMaire win. Governments reserve the right to “impede” digital currencies like @facebook 's #Libra that have global reach and threaten “monetary sovereignty,” draft #EU statement obtained @POLITICOEurope says. #EUpol

EU weighs need to ‘impede’ Libra in blow to Facebook

30 Oct 2019 - Pro Alert - By Bjarke Smith-Meyer

api.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @Tether_to lent money to @CelsiusNetwork & liquidated the loan’s collateral in @Bitcoin before the lender shut up shop. But a bankruptcy court in New York has raised the prospect of clawing back that collateral.

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @EUCouncil 's research team put out an interesting paper on #crypto last week that went under the radar. We flagged it in our morning newsletter 👇 but I recommend reading it, as it comes with policy calls for a whole host of issues 🧵

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Bjarke Smith-Meyer

@bsmithmey

11 months

. @ecb hasn't yet sold its #CBDC project to everyday citizens. There's a reason. It’s complicated, still being developed & @ecb 's reluctant to market half-baked initiative. Bt @ecb shouldn’t wait too long. Opaque projects seed suspicion in people’s minds 🧵

‘It’s a fucking trap!’ The Great Euro Conspiracy Theory

Are we marching toward a digital dictatorship? Will they stop you buying meat?

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

7 years

. @PoliticoRyan and I welcome you to the #Eurogroup . The most powerful informal club in the #eurozone #EUpol #Greece

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @AIMhonesty has even pledged to donate $1 million to Tether's charity of choice if they open their books and prove him wrong. He sent a screenshot of his euro account to @POLITICOEurope to prove he has the funds.

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Bjarke Smith-Meyer

@bsmithmey

4 years

. @EUCouncil can't be alone in policing #recoveryfund , @dragos_pislaru says, demanding @Europarl_EN plays central role to tackle "democratic deficit." Fellow rapporteur @SMuresan calls for stronger rule of law safeguards in the bill

Coronavirus recovery fund clash looms as MEPs demand a say

Romanian MEP says European Parliament needs a role to ensure ‘political legitimacy.’

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @McGuinnessEU is planning to propose an #EU bill for a #CBDC early next year, @POLITICOEurope discovered. The Irishwoman confirmed the legislative plans for a #digital #euro at @ConsultingAfore 's #fintech event

Digital euro bill due early 2023

The legislative process is timed in lockstep with the European Central Bank’s in-house experiments on virtual currency.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

4 years

. @Paschald 's #Eurogroup victory last night shows how much of a difference @HansaInTheEU can make if they band together v 🇪🇸🇫🇷🇮🇹🇩🇪 Very close call. @NadiaCalvino today revealed a minister turned coat and denied her the last vote she needed to win.

With Eurogroup, Donohoe wins the tough job of economic recovery

Ireland’s finance minister won as a compromise candidate but now must bridge a north-south divide.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

1 year

There, they'll meet with staffers at @ESMAComms and @EBA_News , who’ll have a hand in policing the #crypto market once #MiCA comes into force. Bon voyage! END

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @MarshallHayner , chief exec of @metalpaysme , is also among those concerned. “We are now seeing the negative effects of unregulated … lending platforms that are under-collateralized” in the crypto market, he told me.

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Bjarke Smith-Meyer

@bsmithmey

2 years

"There could also be a case for higher taxation of some crypto-assets – such as those based on #PoW [Proof-of-Work] – above and beyond the taxation of other financial instruments." 👋 @Bitcoin tax!

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Bjarke Smith-Meyer

@bsmithmey

6 years

. @POLITICOEurope 's #MorningExchange : @mariofcenteno 's letter to @eucopresident shows hawks' victory. Former #Greece FinMin @gpapak says the crisis isn't over. @EBFeu leads call for a voluntary approach to #CyberSecurity certification

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @Bitcoin could face an F-energy label in the EU by 2025 ... this could get interesting

Commission eyes energy labels for cryptocurrencies

23 Sep 2022 - Pro Alert - By Bjarke Smith-Meyer

api.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

1 year

The U.S. doesn’t have a harmonized rulebook of its own. But that hasn’t stopped regulators like the @SECGov from coming down hard on the industry, esp since the collapse of @FTX_Official — one of the world’s biggest exchanges until it folded in a matter of days

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Bjarke Smith-Meyer

@bsmithmey

1 year

Once the staffers have had their fill of Brussels (I recommend getting a @LaChouffeGnome beer and frites at Maison Antoine before leaving), the U.S. delegation will head over to Paris

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Bjarke Smith-Meyer

@bsmithmey

2 years

So, if @Tether_to were to collapse, it wd take out much of the market and deliver a huge blow to investor confidence, which is already low. That doesn’t matter much to short sellers, such as @AIMhonesty , who are convinced the company is lying about its finances.

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Bjarke Smith-Meyer

@bsmithmey

1 year

@EUintheUS helped organize the trip, as they have done before, which usually focuses on specific policy issues. This time it’s all about #crypto (and a crash course in how the #EU legislative machine works)

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Bjarke Smith-Meyer

@bsmithmey

1 year

. @ecb is heading to the remote Finnish winterland of Inari next week, Northern Lapland, to discuss how best to communicate the #digitaleuro project to the average Joe and Jane. Here's a 🧵 on the communication challenge behind creating a digital version of the € banknote & coin

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Bjarke Smith-Meyer

@bsmithmey

5 years

. @VDombrovskis & @VeraJourova say the #EU has the best anti-money laundering rules in the world. They're just not working properly... @POLITICOEurope h/t @nicolas_veron @EBFeu #MoneyLaundering #eupol

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Bjarke Smith-Meyer

@bsmithmey

5 months

That means @EUCouncil just needs the support of one group to cement its top pick. But I heard there's a plot twist coming... I'll be back with more when I know more

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Bjarke Smith-Meyer

@bsmithmey

1 year

The timing couldn’t be better. EU bigwigs, such as @McGuinnessEU , have been keen to show off the bloc’s crypto rulebook ( #MiCA ), coming into force mid-2024, as a possible blueprint for other countries to regulate the market

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @facebook 's bid to create a payments system in the shape of the @DiemAssociation #stablecoin may be dead but its ghost still haunts #EU legislators in @EUCouncil . @BlockchainforEU & @DigiEuro sounded the klaxon last week and we outlined its context in this morning's newsletter

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Bjarke Smith-Meyer

@bsmithmey

5 months

We'll have to see how @EUCouncil reacts to this. But it could get ugly. You see, the voting system was agreed months ago. Changing it at the last minute (literally) won't go down well with ambassadors...

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Bjarke Smith-Meyer

@bsmithmey

2 years

#MiCA deal reached. Analysis coming. But one thing for sure is that the @EBA_News will be sheriffs for biggest #stablecoins in the #EU . @ESMAComms largely lost out in the race to become the watchdog for crypto companies. National authorities keep control.

Stablecoin sheriff badge goes to EU banking regulator in MiCA deal

30 Jun 2022 - Pro Alert - By Bjarke Smith-Meyer

api.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

5 months

@EUCouncil 's @Eurovision -style ballot system has settled on #Frankfurt after multiple rounds of voting. That means that all EU governments have agreed to back the German bid in the final round of voting with @EUparliament

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Bjarke Smith-Meyer

@bsmithmey

8 months

Read how the #EU 's #fiscal food fight came about. You've read the analysis, now enjoy the human story of negotiations that overhauled the #EU 's rules for public spending. There's cold cod, broken vending machines & trips to Brazil. Bon appétit!

The cold fish deal: How EU spending talks went to Brazil and back ― just in time for Christmas

Finance ministers exchanging sarcastic jibes, Spain’s Calviño being called out in front of her counterparts, and accusations of a French-German stitch-up. But they got there in the end.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

1 year

The U.S. officials will start off in Brussels, where they'll speak to folks at the @EU_Commission , @Europarl_EN and @EUCouncil . @Ecb officials are also slated to speak to them about the rulebook

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Bjarke Smith-Meyer

@bsmithmey

2 years

Here's the full analysis of #MiCA . A free version will be available later and I'll make sure to post it below for folks outside the paywall. A couple of things to point out amid some differing reports out there.

Brussels agrees on crypto rulebook for the EU

1 Jul 2022 - Pro Article - By Bjarke Smith-Meyer

api.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

2 years

“We intend to embed both types of tool – limits and tiered remuneration – in the design of a digital euro,” he said. “Closer to the possible introduction of a digital euro, we will decide how to combine and calibrate them." Full speech here:

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Bjarke Smith-Meyer

@bsmithmey

4 years

. @VDombrovskis wants an #EU dirty money watchdog but #COVID19 , national interests & resistance to handing more power to the EU could leave the new #AML supervisor with no bite. Read @POLITICOEurope 's analysis here: #eupol

Wanted: A watchdog, with teeth, to sniff out dirty money

European Commission’s proposals to tackle money laundering run into resistance from national capitals.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

5 months

Final count is Frankfurt 28, Madrid 16, Paris 6 and Rome 4. Press conference starts in 15 minutes

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Bjarke Smith-Meyer

@bsmithmey

5 years

@EU_SRB You know that they say, “red sky at night, a bank may fail tonight..."

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Bjarke Smith-Meyer

@bsmithmey

4 years

. @mariofcenteno 's #eurogroup landing zone is coming into view w/ @ESM_Press credit lines, @EIB 200bn fund & @vonderleyen 's jobless reinsurance emerging from #EU talks. #Coronabonds at the bottom of the priority list. All drafts available here:

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@bsmithmey

3 years

. @Gernot_Bluemel got his fiscal alliance after all! 🇦🇹🇩🇰🇸🇪🇳🇱🇸🇰🇨🇿🇫🇮🇱🇻 dismiss calls to loosen the EU's deficit rules in a one-page position paper ahead of this week's #Ecofin . Tough reminder for @PaoloGentiloni on the minefield he faces in reforming #SGP

Hopes of EU fiscal reform on the rocks after pushback from eight capitals

9 Sep 2021 - Pro Article - By Bjarke Smith-Meyer

api.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @EU_Commission wants you to understand that #crytpo was always on the EU's #sanction list against #Russia (and now #Belarus ). Quick 🧵 on today's press statement

Press corner

Highlights, press releases and speeches

ec.europa.eu

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Bjarke Smith-Meyer

@bsmithmey

6 years

. @pierremoscovici & @BrunoLeMaire 's hopes for an #EU #digital #tax took a beating in Brussels today. All eyes on @OECD as it now looks highly unlikely that @EUCouncil will agree on the #GAFA tax in ECOFIN next week

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Bjarke Smith-Meyer

@bsmithmey

4 years

. @NadiaCalvino 's already won #EU officials' hearts in Bxl in her bid to succeed @mariofcenteno as #Eurogroup president. But #Spain 's #FinanceMinister faces a tough task in winning support from Northern Europe w/ @herszenhorn & @maiadelabaume

Nadia Calviño’s daunting Eurogroup bid

Spanish finance minister, who held top Commission jobs, must win over frugal skeptics.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @EvaKaili 's arrest as part of a Belgian police probe into illegal lobbying for #Qatar means #crypto has lost two big cheerleaders in Brussels and D.C. — the two major centers of power for global policy — in just over a month

Crypto loses EU cheerleader over Qatar scandal

13 Dec 2022 - Pro Article - By Bjarke Smith-Meyer

api.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

5 years

. @J_Dijsselbloem & @bankofengland 's #Carney both lost support for @IMFNews top job last night. @BrunoLeMaire given job of finding #EU candidate by end of July. @ollirehn , @mariofcenteno , @NadiaCalvino are options #eurogroup #G7Finance #G7France #G7 #ECB

IMF prospects fade for Dijsselbloem, Carney

17 Jul 2019 - Pro Alert - By Bjarke Smith-Meyer

api.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

2 years

It seems #Crypto industry's 11th hr #EU lobbying campaign might have paid dividends ... @EUCouncil questioned @EP_Economics ' bid for extra checks on non-custodial wallets (like @Ledger & @MetaMask ) in ystrdy's talks 👇 from our morning newsletter

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Bjarke Smith-Meyer

@bsmithmey

6 years

. @J_Dijsselbloem emerges as a candidate a top job at the @ecb as Praet, Cœuré & #Draghi head for the exit next year @POLITICOEurope #SCOOP

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Bjarke Smith-Meyer

@bsmithmey

2 years

"These include, apart, from clear competition issues and risks of market fragmentation, which would mostly harm European SMEs, also issues concerning the verification and privacy of sensitive user and financial data," Kopitsch said.

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Bjarke Smith-Meyer

@bsmithmey

2 years

The cap "would allow for holdings of around 3,000 to 4,000 digital euro per capita,” he said, giving another hint of the type of ideas that the @ecb is playing with in its in-house experiments.

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0

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Bjarke Smith-Meyer

@bsmithmey

2 years

"The latter is of great concern" as could attract criminals and "jeopardize the financial safety of European consumers," he continued. "We as an industry are calling, fully in line with the proposed #AML rules, for future-proof solutions to issues we all agree need to be solved.”

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Bjarke Smith-Meyer

@bsmithmey

2 years

To deter dodgy #cryptos , @GintareSkaiste has proposed ramping capital requirements up to €125k and introducing new transparency measures for all cryptos, which will have to register their business in Lithuania. Cryptos will also have to hire a manager who’s based in the country

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Bjarke Smith-Meyer

@bsmithmey

2 years

Don't forget #climate change! All talk of phasing Proof-of-Work out of Europe or putting Proof-of-Stake on the EU #taxonomy is gone. Legislators have settled instead for disclosure requirements that'll require crypto companies to outline their energy use

How to green cryptocurrencies

Crypto assets are only growing in popularity — and so is their carbon footprint.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

8 years

When a sick note gets you out of the #LuxLeaks trial (again) via @POLITICOEurope @MarksSimon @FabioDeMasi

Former tax chief misses LuxLeaks trial (again)

Court told Marius Kohl can’t attend appeals case because of ill health.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @EUCouncil has finally rubberstamped the EU's single rulebook for #crypto markets, which had been suspended in a state of Brussels limbo for the past 10 days over issuance limits for non-euro stablecoins such as the big ones issued by @Tether_to and @circlepay 🧵

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Bjarke Smith-Meyer

@bsmithmey

1 year

. @ecb will be feeling mighty smug w/latest draft bill for Digital €. @POLITICOEurope got its hands on the leak yesterday & it doesn't mince words. In a nutshell: €zone banks must distribute the #CBDC and shopkeepers will have to accept it as legal tender — or face fines.

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Bjarke Smith-Meyer

@bsmithmey

2 years

“While the proposal is dressed up in tax language, it’s not really about tax policy, it’s really about financial surveillance,” @SethHertlein , vice president and global head of policy at @Ledger told @POLITICOEurope

Tax transparency triggers crypto identity crisis

8 Dec 2022 - Pro Article - By Bjarke Smith-Meyer

api.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

5 months

@EUparliament , meanwhile, has settled on four cities: Paris, Madrid, Rome and Frankfurt. MEPs and EU ambassadors are meeting now for the final vote.

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Bjarke Smith-Meyer

@bsmithmey

2 years

Court deliberations could take a while. But short sellers are willing to wait it out given the gamble against @Tether_to comes with very little risk given #USDT ’s design to match $1 — not higher. Such a bet is unheard of in the stock market.

1

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Bjarke Smith-Meyer

@bsmithmey

5 months

OK we're back to the original system that was agreed months ago. RECAP: Both institutions get 27 votes each. The first city to secure more than half the votes wins the race for AMLA. @Euparliament ’s votes would be distributed depending on the weight of each political group.

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @Paschald and eurozone finance ministers today are set to unveil a political statement that outlines the priorities that they believe the digital #euro should encompass. Here's what to expect 🧵 #CBDC #Crypto

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Bjarke Smith-Meyer

@bsmithmey

5 months

MEPs and ambassadors are voting ... but it's unclear under what terms. The first round happening now. Maximum of five rounds, from what I understand.

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Bjarke Smith-Meyer

@bsmithmey

3 years

. @Bitcoin 's #CarbonFootprint is making waves in @Europarl_EN , which is eyeing #green measures to curb energy-hungry #blockchain systems like Proof of Work. Compromise amendments in #EU #crypto assets bill from @DrStefanBerger due late September

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @EU_Commission is calling capitals to see whether they’d support a plan to cut Hungary out of the EU’s bid to introduce a global minimum corporate tax rate of 15 percent

Brussels considers cutting Hungary out of global tax rate bill

The plan would involve a so-called enhanced-cooperation deal to circumvent Budapest’s veto.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

2 years

@Circle , meanwhile, is snapping at @Tether_to heels. The company's chief strategy officer @ddisparte told @POLITICOEurope that he’s confident that Circle’s stablecoin will become the third largest crypto asset — only behind @Bitcoin and #Ether . END

Circle plans to dominate crypto rivals amid market storm

2 Aug 2022 - Pro Article - By Peter O'Brien, Bjarke Smith-Meyer

api.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

6 years

Is #Greece 's #bailout program departure only and an exit in name? Read my story in @POLITICOEurope and make up your mind #eurogroup #eupol

Greece’s creditors push bailout exit in name only

Eurozone diplomats are wary more Greek political drama will dismantle eight years of progress.

www.politico.eu

0

6

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Bjarke Smith-Meyer

@bsmithmey

3 years

. @DiemAssociation eyeing UK market after its US launch amid EU's political resistance to the @facebook -led project, officials told @POLITICOEurope . Seems @JohnGlenUK has no problem with that. @bankofengland might disagree #stablecoins #mica w/ @mateirosca

Facebook-backed Diem eyes UK market amid EU resistance

UK policymakers keen to promote post-Brexit Britain as place for payment firms to flourish.

www.politico.eu

1

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Bjarke Smith-Meyer

@bsmithmey

4 years

. @mariofcenteno , @PaoloGentiloni & @vonderleyen are among many policymakers trying to channel the spirit of ex- @ecb boss Mario #Draghi with #WhateverItTakes . It's not working. @lugaricano , @jonasfernandez , @carstenbrzeski & @fwred explain why:

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Bjarke Smith-Meyer

@bsmithmey

4 years

. @Paschald tells @POLITICOEurope that #Eurogroup 's informal nature is the perfect platform for all #EU finance ministers to iron out #Covid_19 recovery ahead of presidential contest vs @pierregramegna & @NadiaCalvino

Irish candidate for Eurogroup chief puts recovery top of agenda

Paschal Donohoe tells POLITICO that Eurogroup can be the place to strike a deal on EU-wide recovery funds.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

3 years

. @Paschald 's #Eurogroup dinner started w/vegetable tart, followed by sea bass, served w/quick-braised artichokes & fennel w/crushed hazelnuts. Dessert was mango cream w/papaya sorbet, poached pineapple flavored w/kaffir lime & a crispy tuile biscuit — washed down w/ @Redbreast_US

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Bjarke Smith-Meyer

@bsmithmey

6 years

. @POLITICOEurope #MorningExchange : @OlafScholz warns @ESM_Press upgrade to #EMF could be in jeopardy if @Europarl_EN deviates much on #BankingPackage from @EUCouncil position. Also, @IMFNews might have a compromise idea for #Greece

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Bjarke Smith-Meyer

@bsmithmey

2 years

. @LithuanianGovt & @LVinEU are strengthening their regulatory demands on #crypto companies after Estonia's @KeitPentus industry crackdown, for fear that illicit financiers might move crypto business across the border 🧵

Crypto crackdown ripples through the Baltics

Estonia clamped down on crypto. Now its Baltic neighbors are following suit to protect their economies from dirty money.

www.politico.eu

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Bjarke Smith-Meyer

@bsmithmey

5 months

Here’s how it's supposed to work: Both institutions get 27 votes each. The first city to secure more than half the votes wins the race for AMLA. @Euparliament ’s votes would be distributed depending on the weight of each political group.

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