Author: Milan Ignjatovic

The EU economy faces growing risks from geopolitics and changes in global trade. The risks have already caused a shock in investor confidence, disrupted industries, and created a volatile financial environment. The European Central Bank said risks for banks in the next year are "unprecedentedly high." Such signals warn that Europe's economic stability may be at serious risk. The Global Trade Web Is Fraying Geopolitical tensions will tear apart established trade relationships. The EU relies very heavily on global supply chains that might face serious disruptions. Tariffs, sanctions, and embargoes could become commonplace tools of economic warfare, serving to hurt exports and raise costs. A trade war between the United States and China, or even tighter sanctions on Russia, would hit hard at European exporters, especially in key sectors such…

Michael Burry closed his hedge fund, Scion Asset Management, for many reasons, primarily stemming from his deep skepticism about current market valuations and the challenges of managing a highly scrutinized, contrarian fund in the current environment. The Securities and Exchange Commission’s database shows Scion’s registration status as “terminated” as of November 10. In a post on the social media platform X, Burry stated, "On to much better things Nov 25th." In a letter to investors, Burry wrote that his "estimation of value in securities is not now, and has not been for some time, in sync with the markets." This suggests he believes many stocks are significantly overvalued, making it difficult to find attractive investment opportunities for his clients. If he can't find good stocks to buy at a reasonable…

At the heart of North Africa, Algeria, a country rich in natural resources, is standing on the brink of a complete economic collapse. The Algerian dinar has been in freefall, and a harsh reality has come to light: the roots of the country's economic problems go far beyond currency fluctuations. Overdependence on oil and gas exports, an inability or unwillingness to diversify, and years of mismanagement and bad governance all lie at the heart of the crisis. The consequences for the people of Algeria are nothing short of disastrous, with an uncertain future in store for them. The Terrifying Dinar Plunge It's hard to ignore the figures: 1 euro is now worth 282.50 dinars, a sharp fall that has continued to worsen over the last years. What started as a…

In the race to digitize fiat currency, central banks are creating a growing fault line beneath the global financial system. On one side, state-backed Central Bank Digital Currencies promise efficiency, financial inclusion, and policy control. On the other, decentralized cryptocurrencies offer individuals escape routes from inflation, capital controls, and institutional surveillance. The outcome could reshape not only how we pay but who ultimately controls money. Today, over 130 central banks in Asia, Africa, and Latin America are actively researching or piloting digital currencies. The Digital Yuan, or e‑CNY-the largest CBDC effort in China-has reportedly surpassed 120 million wallets. The Digital Rupee has spread rapidly across South Asia, with 15 cities included in the pilot by 2025, with over 150,000 merchants involved. In Africa, the eNaira in Nigeria, although bumpy in…

The Czech central bank (Nov 13) bought $1 million of bitcoins and other blockchain-based digital assets to gain experience with digital markets. In contrast, the Czech National Bank’s decision to invest in Bitcoin as a test case shows that some central banks are more open to experimenting with digital assets. However, this approach is more cautious, aimed at learning about the technology rather than rushing to add Bitcoin as a core part of their monetary system. This initiative comes at odds with the European Central Bank’s (ECB) stance. Christine Lagarde has been quite critical of Bitcoin as a reserve asset. So, although the Czech Republic is outside the eurozone, it’s still tied to European regulatory frameworks and pressures. The CNB is clearly going down a different path, at least for…

While the European Central Bank does not directly set the rules for the EUDI Wallet or the AML Regulation, it's involved in similar projects, especially with the Digital Euro, which is linked with these changes. Starting in 2027, significant new EU regulations will come into play, including a ban on anonymous accounts and privacy coins like Monero, under the Anti-Money Laundering Regulation (AMLR). That will mean a sea change for financial and crypto service providers (CASPs), which will have to implement much more stringent identity checks for everyone. Full implementation of the AMLR in the EU by July 2027 will ban crypto services from offering anonymous accounts or dealing with such digital assets as privacy coins. Any crypto service operating in the EU will be legally required to carry out…

Switzerland surprised the financial world with its decision to include digital assets such as stablecoins in its regulatory framework. Adding a Swiss franc–based stablecoin (or any central, regulated stablecoin) to a country’s financial ecosystem can have broad economic implications, both positive and potentially negative. Switzerland is indeed synonymous with financial stability, neutrality, and a strong regulatory framework. Historically, its banking system has been one of the most trusted in the world and has positioned itself as a safe haven for wealth. The country is respected for pragmatic regulation via its financial watchdog, FINMA, or the Swiss Financial Market Supervisory Authority. The government is the initiator of the consultation on stablecoin regulation, in line with Switzerland's ongoing push to become a leader in the global crypto space. Stablecoins, indeed, are digital…

National Digital Payment Strategy of Ethiopia (NDPS) is an ambitious plan spearheaded by the National Bank of Ethiopia (NBE) to overhaul the country's payment system and create a digital economy. It's a bold step toward reducing reliance on cash and ensuring that all Ethiopians, especially those in rural or underserved areas, can participate in the digital financial ecosystem. Ethiopia wants to create a network that seamlessly connects banks, microfinance institutions (MFIs), fintech companies, and telecom operators bringing together all players in the financial space. A major part of this is the National Payment Gateway (NPG), which enables secure, cross-platform transactions and ensures that digital payments work smoothly across the entire country. The goal here is to make digital payments a reality for all Ethiopians, from urban centers to rural villages.…