Russian Ruble vs Euro

Past 6 months #RUB up against #EUR by 13%

Ruble is up 34% on Euro since January 2025 (YTD)

🇪🇺 The best countermeasure that EU can take is swapping US securities for Gold

Gold is inversely correlated with USD. Such a decision can be done today and it will:

1️⃣be a response to the US
2️⃣increase value of EUR
3️⃣minimize consumer impact

Anything else will hurt the economy

🇪🇺 The future of Web3 & DeFi in the EU 🇪🇺

Legal compliance is fundamental for wide adoption of Web3 & DeFi. While security audits of DeFi protocols are a common practice, the same is not true for regulatory compliance audits

All investment services in the EU, including those… https://

🇯🇵🆚🇪🇺
Japan's & EU's deposit guarantee schemes differ⬇️

🇯🇵 DICJ: Active crisis manager (Act 34 of 1971)
🇪🇺 DGS: Mainly deposit protection (Directive 2014/49/EU)

Japan's approach = more intervention power & broader mandate
EU's approach = more focused mandate

Illya Gerasymchuk 2024-10-27 15:51

💰 DICJ's funding comes from:

• Self-issued bonds
• Insurance premiums paid by banks
• Borrowed funds from financial institutions & public

In practice, operation financing is heavily relied on debt, making it risky long-term 📈

👀 Tried out the BRICS Pay demo. Gold/#XAU is one of the supported currencies (the only real money in the list!)

🌏 To be supported cross-border, within every member nation

💳 You can use VISA/Mastercard to load up your account

🇪🇺We urgently need an akin system in the #EU

And the first rate cut comes from the European Central Bank (#ECB)

Federal Reserve (#FED) coming up next

A few days ago I tweeted about how a rate cut is imminent, as suggested by the Treasury Bond rates falling below the overnight exchange rate👇