Hungary granting asylum to a Polish member of Parliament and the principle of mutual trust The story goes: a Polish politician after allegedly committing a crime leaves Poland and settles in Hungary. Interestingly, such a short sentence is not enough to clearly identify the politician in question. It may refer to the king Bolesław II … Read more
The US government finally got its metaphorical hands on Do Hyeong Kwon, the 33-year-old Korean national who built a financial empire on the cryptocurrency Luna and the “stablecoin” TerraUSD, only to see it all come crashing down in a wipeout that cost investors $40 billion. As private investors filed lawsuits, and as the governments of … Read more
Last month I asked where is the national payments vision? After last night’s Mansion House meeting in London with the UK Chancellor, it has finally been released. So, what’s in the plan? First, there are two regulators involved in payments: the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR). The consultation discovered that the … Read more
Boom! Well, that was kinda sudden! In the three months or so since we last spoke, the world has become an entirely different place – at least for those of us who keep up with any sort of international, financial or stock market news. The headlines are new, and the problems are of course very … Read more
The estimated 10 billion-plus euro cost of the IRIS² program is nearly double initial projections. European officials also confirmed the sovereign satellite network won’t begin providing services to European government customers until 2030, three years later than the commission’s previous schedule. Rising costs and negotiations over how much governments and industry will pay for IRIS² … Read more
