Thanks for the chance to share this in The Counterbalance, a newsletter worth reading and subscribing to. thecounterbalance.substack.com/p/big-techs-...
11.07.2025 09:10 — 👍 0 🔁 0 💬 0 📌 0
Thanks for the chance to share this in The Counterbalance, a newsletter worth reading and subscribing to. thecounterbalance.substack.com/p/big-techs-...
11.07.2025 09:10 — 👍 0 🔁 0 💬 0 📌 0
My take: “We need to decide if we want these tech companies as financial players. It will be hard to remove them, but we should keep commerce & banking separate. At least ring-fence financial units.”
11.07.2025 09:10 — 👍 0 🔁 0 💬 1 📌 0But the technical analysis did not change: (big tech) stablecoins in a large scale pose risks to consumers, financial stability and might even undermine monetary sovereignity. What changed is the political evaluation of the risks vs. benefits.
11.07.2025 09:10 — 👍 0 🔁 0 💬 1 📌 0
Remember 2019?
Steven Mnuchin, former US-Treasury Secretary called then-Facebook’s Libra a 🚨 “national security issue.” 🚨
Now, we’re just a few steps away from the same firms launching their own stablecoins – but this time with legal certainty.
🪙 Big Tech stablecoins: a dangerous mix that could soon become reality
The US is moving towards a #stablecoin regulatory framework, likely boosting issuance and adoption – also by big tech firms. Happy, to see my views cited in the the most recent @balancedeconomy.bsky.social Newsletter on it.
"Monopole, #Finanzen und #KI: Die Macht der Tech-Konzerne und wie wir sie bremsen können".
Darüber sprechen @cmelches.bsky.social von @fw-recherche.bsky.social und Uli Müller von @rebalance-now.bsky.social
Wo? Stage 7.
Wann? 28.05 um 12:30.
Achtung: hier gab es eine Zeitverschiebung!
"Die Regulierung und Kontrolle der Risiken durch Big-Tech-Finanzdienste bleibt in Europa hinter der Entwicklung zurück.
Dabei sind die Gefahren massiv."
@cmelches.bsky.social in @surplusmagazin.bsky.social
www.surplusmagazin.de/google-apple...
📣 The development of big tech in #finance is rapid. We need a swift and clear European answer. Read about it in more detail: www.finanzwende-recherche.de/wp-content/u...
09.04.2025 11:27 — 👍 1 🔁 0 💬 0 📌 0⚖️ ...if segregation is not successful, the EU needs to introduce necessary tools to break up the financial unit from the big tech. 5/6
09.04.2025 11:27 — 👍 2 🔁 0 💬 1 📌 0🌐 ...a clear segregation of big tech financial services into a ring-fenced unit within the big tech company. 4/6
09.04.2025 11:27 — 👍 1 🔁 0 💬 1 📌 0📲 …promotion of a public and European critical infrastructure, to strengthen EU sovereignty - particularly in the payment sector, as is currently done through the #digitaleuro. 3/6
09.04.2025 11:27 — 👍 1 🔁 0 💬 1 📌 0
The #EU needs...
🏦 …more cooperation between supervisory authorities for #competition, #data protection and #finance to understand #bigtech specific risks from their financial activities. 2/6
🚨 New Report! #BigTech is pushing into Europe’s financial sector — posing risks to consumers, markets & European #sovereignty. Our latest @fw-recherche.bsky.social report breaks it down — and lays out a European response.
👀 What you need to know 🧵 1/6
www.finanzwende-recherche.de/wp-content/u...