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🏆 How Can The EU Win Web3? Our 4 Proposals

Ledger sent this email to their subscribers on April 29, 2022.

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Gif Ledger Bites IEEERER Y 29/04/2022 You can now securely buy, send and receive Celo (CELO) on your Ledger Live desktop and mobile. You can also buy CELO with our partner MoonPay in the “Buy” tab of your Ledger Live app* and manage your Celo from your Ledger Live mobile version. More info here. Create your CELO account → - IMPORTANT NUMBERS " -$2.9 Billion The losses posted by Metas Reality Labs division in Wednesday's Q1 earnings call...l recognize it's expensive, said Zuck. $650 Million The amount raised by Dragonfly. With this newest fund we'll be backing the most disruptive founders, protocol builders, and hackers of this generation, Qureshi wrote. The World's Most Popular Wallet Just Got Better. Shop Ledger Nano S Plus → - - IN THE KNOW Binance’s holding company location “to be announced soon.” CZ conceded that the crypto giant has abandoned its “decentralized philosophy.” He added: “you have to have a corporate headquarters, a parent company, to get licenses; the regulators have a certain structure that you expect.” Twitter’s decentralized project allegedly unaffected by Musk’s purchase. The Bluesky project, backed by the social giant, is beyond Musk’s reach as its $13 million in funding ensures the team has “freedom and independence to get started on R&D.” A report anticipates skyrocketing growth for NFTs.  CoinGecko, a crypto tracking tool, expects the NFT market to reach more than $800 billion in the coming two years, with gaming as the most likely entry point and profile pictures (PFPs) next. Fidelity will soon offer Bitcoin savings.  Eligible individuals will be able to save a portion of their 401(k) savings. The company told the WSJ that it would add support for other cryptocurrencies in the near future. Microstrategy is the first to adopt the offering. Bitcoin is now legal tender in the Central African Republic.  CAR is one of the world’s poorest and least-developed countries. Obed Namsio, chief of staff of President Touadero, said: “The president supports this bill because it will improve the conditions of Central African citizens.” Goldman Sachs explores NFTs and tokenization. "We are exploring NFTs in the context of financial instruments, and there the power is quite powerful. So we work on a number of things," Mathew McDermott, global head of digital assets at Goldman Sachs, said. Wanna share our Biiiiiites with a friend ? Send  → BB ; INSIGHT OF THE WEEK " How Can The EU Win Web3? EUropean Flag This week, we released a comprehensive policy proposal entitled which would enable the EU to seize Web3 and avoid past regulatory mistakes. Why is the EU’s Transfer of Funds Regulation (TFR) unjustified?  Our policy paper brings together key arguments highlighting the current TFR flaws. Chief among them is that money laundering is a problem, but it’s not a crypto problem. Money laundering through crypto only is a tiny fraction of the illicit volume moved through the financial system. Besides, blockchain is an effective crime fighting tool that Europe could give up if the law passes. Money launderers vastly prefer banks and government-issued money over blockchain and crypto.  Another risk is that the TFR would irreparably cede leadership of Web3 economies to the US, UK and Asia, and make Europe uncompetitive. Europe is in a precarious position. The US and China account for 76 of the world’s 100 most valuable firms. In 2000, Europe had 41 of the top 100 companies, down to just 15 today.  How Europe can win Web3: 4 recommendations for policymakers The four proposals that follow are the immediate first steps the government should take to seize the Web3 opportunity before it is irretrievably lost:  Never exceed the Financial Action Task Force’s recommendations. FATF recommends that transfers of more than €1,000 be accompanied by identifying information of the sender and recipient, a vast competitive advantage for other regions of the world. Redesign the TFR to make better use of blockchain analytics. Instead of burying EU law enforcement agencies under mountains of useless TFR transaction reports, law enforcement should be equipped with and receive training on blockchain analytics tools. Start over on the Markets in Crypto Assets (MiCA) regulation with an emphasis on enhancing EU competitiveness and with healthy input from technical experts.  Invest in public/private partnerships to develop and be first-to-market with a self-sovereign identity solution for Europe. The current system of centralized identification credentialing and processing is prone to exploits and vulnerabilities. Rather than concentrating data and power in ineffective government AML authorities, the EU should instead seek to empower individuals. Regulation is often the easiest answer, but the rewards of a truly free and open society are manifold and too great to ignore. - I WANNA KNOW MORE L " Our blogpost explains how the EU can win Web3. Share it with your friends! From the Internet of information to the Internet of value… Read on what Web3 is all about. " INSIDE LEDGER L We just partnered with NFTevening to educate everybody on NFT Security. The partnership will cater primarily to less experienced users coming into the NFT space.  With NFTs, artists can unleash their creativity and merge different disciplines together. Listen to our podcast with Jeff Nicholas, the creative director of WarpSound and founder of WVRPS. BB IMAGES OF THE WEEK ' He is all in. Tweet Elon Musk @ @elonmusk Next Im buying Coca-Cola to put the cocaine back in 10:56 - 2842022 - Twitter for iPhone 144K Retweets 47.9K Quote Tweets 754K Likes 0 O 0 source How did you like our newsletter this week? 😍 I buy!   😐 I hodl!    ðŸ˜­ I sell! Follow us on: & listen to our podcast here. This email was sent to you because you signed up at Ledger.com or purchased a Ledger product. We respect your right to privacy. Read our and . © Ledger SAS 2020. All rights reserved. Ledger brands are registered trademarks of Ledger SAS. Ledger SAS, 1 rue du Mail, 75002 Paris
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