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Patrick Hansen
@paddi_hansen
Crypto, Tech & Europe | Senior Director, EU Strategy & Policy @circle | All views are my own
Berlin
Joined January 2020
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    ๐๐ข๐  ๐๐ž๐ฐ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐๐š๐ซ๐ข๐ฌ: @circle ๐ข๐ฌ ๐ญ๐ก๐ž ๐Ÿ๐ข๐ซ๐ฌ๐ญ ๐š๐ง๐ ๐จ๐ง๐ฅ๐ฒ ๐ฆ๐š๐ฃ๐จ๐ซ ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ฌ๐ญ๐š๐›๐ฅ๐ž๐œ๐จ๐ข๐ง ๐ข๐ฌ๐ฌ๐ฎ๐ž๐ซ ๐ญ๐จ ๐š๐œ๐ก๐ข๐ž๐ฏ๐ž ๐Œ๐ข๐‚๐€ ๐œ๐จ๐ฆ๐ฉ๐ฅ๐ข๐š๐ง๐œ๐ž ๐Ÿ‡ซ๐Ÿ‡ท ๐Ÿ‡ช๐Ÿ‡บ I am proud to share that we have received our authorization as an e-money
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    BREAKING: The ECON committee of the EU Parliament just voted against the de-facto POW-ban: 32 against, 24 in favor. Big relief & political success for the bitcoin & crypto community in the EU๐Ÿ’ช๐Ÿ’ช Will share a breakdown of the vote and whatโ€™s next here in this thread. #Bitcoin
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    1/ I hate to ring the alarm bell again, but the EU Parliament leaves us no choice ๐Ÿšจ๐Ÿšจ This time it concerns a crackdown on unhosted wallets in the upcoming crypto AML regulation (TFR). The ECON committee vote is on Thursday and the draft includes some absolute red flags ๐Ÿ‘‡
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    1/ Yesterday was a prime example of why crypto Twitter (and often crypto media) should not be trusted when it comes to crypto policy. Let's debunk claims that the EU is banning anonymous crypto transactions or self-custodial wallets. Here is whatโ€™s actually in the EU Anti Money
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    1/ The two most important EU crypto regulations to date, MiCA ("PoW-ban") & TFR ("unhosted wallets"), are about to be finalized by the end of June. They have huge implications for the crypto market in the EU and beyond. Here is a quick update thread on both regulations ๐Ÿ‘‡
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    1/8 Bad news for #bitcoin & #cryptocurrency in the EU ๐Ÿšจ The POW-ban has basically made its way back into the draft of the European Parliament that will be voted on in the committee on Monday. I just read the latest draft. A quick update ๐Ÿ‘‡ @balajis @_pgauthier @BrianBrooksUS
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    Great news and big win for privacy in the EU! ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡ฉ๐Ÿ‡ช Germanyโ€™s ruling CDU/CSU party made it clear today: there will be no chat control - as pushed for by other EU countries - with this German government.
    40 Sekunden kurz und prรคzise: Mit der CDU/CSU wird es keine anlasslose Chatkontrolle geben, wie sie von einigen Staaten in der EU gefordert wird.
    00:00
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    BREAKING: The ECON & LIBE committees of the EU Parliament voted in favor of the FTR compromises D & E that crack down on โ€œunhostedโ€ wallets. Entire regulation draft to be voted on later today, but will certainly go through. Breakdown of the vote & more updates in this thread.
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    Germany is paving the way for "crypto shares" ๐Ÿ‡ฉ๐Ÿ‡ช๐Ÿš€ The German Ministry of Finance will soon introduce a "Future Financing Act" that will create the regulatory basis for the issuance of "crypto shares". Stock corporations will then have the choice of issuing their shares as
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    The MiCA effect ๐Ÿ‡ช๐Ÿ‡บ๐Ÿš€ The share of VC investment into European crypto projects is up almost 10x in one year - from a share of 5.9% in Q1 2022 to 47.6% in Q2 2023. Regulatory clarity attracts capital & entrepreneurs from around the world. Great development for crypto in Europe!
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    I will have more to say on this the next few days and I am not a fan of the AMLR, but donโ€™t believe the FUD that is being shared. Self custody wallets are not banned. Payments to/from self custody wallets are not banned. P2P transfers are explicitly excluded from AMLR, as are
    Payments to โ€œunhostedโ€ / self-custody #bitcoin and crypto wallets are now illegal How on earth are they going to police that?
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    Why would you call me "crypto bro"? That's not how an elected Member of Parliament should react to economic & privacy concerns of its constituents. Happy to engage in a professional discussion on the topic if you are too.
    Another week, another social media storm by #crypto bro's. Now about the "transfer of funds regulation". Just like bank transfers, transferring crypto like #Bitcoin should be accompanied with information about the person sending and receiving the funds. 1/ x.com/paddi_hansen/sโ€ฆ
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    1/ Europe๐ŸคWeb3 The EU economy is struggling in the web era. Our share in global equity markets has halved over the past 20 years. Web3 is THE opportunity we have long been waiting for. I wrote an article on why the EU should embrace crypto ๐Ÿ‘‡๐Ÿงต