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Never mind Brexit, here comes Binance

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With an eye on Brexit, Malta-based cryptocurrency exchange Binance has launched Binance Jersey to offer European and UK based fiat-to-cryptocurrency trading for the Euro (EUR) and British Pound (GBP).

Binance.je will trade Bitcoin and Ethereum and the exchange believes the island, a British Crown dependency located close to the coast of France, will be a driving force for wider cryptocurrency use in Europe. “Jersey has in place an existing legal and regulatory framework for cryptocurrency into which Binance Jersey easily fits,” said Wei Zhou, Binance CFO.

“Expanding the cryptocurrency exchange markets with fiat currencies in the European region is opening new economic opportunities for Europeans as well as freedom from looming Brexit uncertainty where the pound and euro are also in concern,” added Zhou.

“Through Binance Jersey, we want to help bridge the crypto-fiat channel for Europe and the UK as part of our global expansion to support broader cryptocurrency adoption,” Zhou added.

Binance, said to be the world’s largest crypto exchange by traded value is not the only digital asset business taking measures to capitalize on uncertainty in the UK surrounding Brexit. San Francisco-based cryptocurrency exchange Coinbase expanded with a new Dublin office in October that it says will “complement” its operations in London.

Binance founder, Changpeng Zhao, who Forbes magazine called – in a “Zero to Billionaire” cover story – a “crypto overlord” claimed, in a typically quick-fire 16th January tweet, that the exchange was already overwhelmed with registrations. “There is a backlog of KYC [know your customer] verifications already. More resources are allocated to reduce it. In the mean time, we appreciate your understanding and patience. The registration prize is FIFO [First-In, First-Out] based, no worries. Just crazy!”.

Binance has been pushing its exchange offerings across the globe, in spite of the bear run of 2018 that has continued into January. Chinese-born but Canadian-educated Zhao – or “CZ” as he prefers to be known – started commercial life in Shanghai and has since moved his exchange to Tokyo then Hong Kong, before being officially based on the tiny, but crypto-friendly, Mediterranean island of Malta. ATIMES

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Why Is Central Europe Seeing Spikes in COVID-19 Cases?

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People wearing face masks wait their turn to be called for a PCR test for the COVID-19 in Barcelona, Spain on Monday Aug. 31, 2020. AP Photo/Emilio Morenatti

Central Europe in the past week has seen a spike in daily confirmed coronavirus cases, a major setback for a region that largely avoided the first wave of the virus in the spring. The Czech Republic, an E.U. member state of 10.7 million, registered a country record of 1,382 new infections on Sep. 11, bringing the country’s total cases to over 32,400. In the last week, nearby countries Hungary, Slovakia and Slovenia have also recorded their highest daily caseloads since the pandemic began.

Infections in the Czech Republic previously peaked at around 3 cases per capita (per 100,000 residents) in late March but reached 11.6 cases per capita on Sep. 13. By comparison, the U.S. had 12 cases per capita. Now, the Czech Republic has one of the highest 14-day infection rates in Europe, according to the European Centre for Disease Prevention and Control. Czech Health Minister Adam Vojtech said on Sep. 13 “nobody expected” such a spike in the country.

Governments of central European countries, keen to not impose national lockdowns and prevent further damage to their shrinking economies, have reimposed travel restrictions and renewed social distancing measures for citizens.

The coronavirus pandemic has dealt a major blow to the European economy, particularly countries that rely on tourism. The E.U. economy will decline by an average 8.3% this year, the European Commission said in July. The 27-member bloc, formed after World War II, is expected to fall into the deepest recession in its history. The economies of the Czech Republic and Hungary are predicted to drop by 7.8% and 7% respectively, compared to last year.

Where are cases rising in Central Europe?

The sharpest rise has been recorded in Czech Republic but other countries nearby, including Hungary, Slovakia and Slovenia, are also seeing worrying increases in daily case numbers.

Czech Republic cases

Hungary on Sep. 12 saw its largest daily reported infections since the pandemic began with 916 people testing positive, bringing the country’s total number of infections to 11,825, according to Johns Hopkins University (JHU). Most infections have been registered in the capital city of Budapest.

Slovakia registered a record number of daily cases on Sep. 5 when 226 people tested positive for the virus, according to JHU. Slovenia recorded its highest ever daily caseload with 108 new infections on Sep. 11.

Slovakia cases

Slovenia cases

How did Central Europe fare during the beginning of the pandemic?

Central Europe avoided the full brunt of the first wave of coronavirus infections during the spring. On April 15, the U.K. had 159 cases per capita while the Czech Republic had 58 and Hungary, 16.

Luck and foresight initially helped Central Europe to shield itself from the virus, experts say. Some countries in Europe benefited from less international visitors and from going into lockdown when their transmission rates were relatively low. “Central Europe was protected by not being as well connected as international travel hubs and by heeding the warnings from other countries,” says Jennifer Beam Dowd, associate professor of demography and population health at Oxford University.

Why are infections rising in the region?

The spike is likely connected to increased travel combined with a relaxation in restrictions, experts say.

In mid-May, most of Europe began reopening its bars, restaurants and nightclubs, subject to social distancing measures. By mid-June, most of the continent welcomed back travelers from the E.U. and other countries with a stable or decreasing trend of new cases.

The Czech government reopened bars, restaurants and hotels, and allowed gatherings of up to 300 people on May 25 as new daily cases that month were below 111. Hungary reopened all shops and the outdoor sections of cafes and restaurants on May 18 when new daily infections remained under 90. By June 22, the Czech Republic and Hungary had opened their borders to visitors from the E.U. and other countries when new daily infections were below 83 and 29 respectively that month. But in late August the number of daily reported cases in these countries, as well as in Slovakia and Slovenia, began to rise.

Europe as a whole opened up too quickly, says Martin McKee, a professor of European public health at the London School of Hygiene and Tropical Medicine. “There was a great deal of optimism when cases were coming down. But we were only containing it with severe restrictions. As soon as you open up the people, you open up the virus to spread,” he says.

Residents sit to dine on a 500 meter long table set on the medieval Charles Bridge, after restrictions were eased following the coronavirus pandemic in Prague, Czech Republic, Tuesday, June 30, 2020.

Residents sit to dine on a 500 meter long table set on the medieval Charles Bridge, after restrictions were eased following the coronavirus pandemic in Prague, Czech Republic, Tuesday, June 30, 2020.

Petr David Josek —AP Photo/Getty Images

Opening up indoor, poorly ventilated spaces has been particularly dangerous. “Large gatherings, crowds in indoor and even outdoor spaces have undoubtedly contributed to the rise we’re now seeing, says Dowd. “It has a ripple effect that appears later on.”

Experts have linked local outbreaks across Europe to the opening of bars and nightclubs in the Czech Republic, France and Switzerland, among others. At the end of July, at least 98 people tested positive following an outbreak in a nightclub in the Czech capital, Prague.

What are countries doing to prevent the spread of the virus?

The Czech government reintroduced mandatory mask-wearing in taxis, public transport, shops and malls, starting Sep. 10 when daily new cases topped 1,000 for the first time. Officials also ordered bars and restaurants to shut between 12 p.m. and 6 a.m., but stopped short of bringing back other measures that could hurt businesses such as closing restaurants and non-essential stores.

Hungary’s nationalist Prime Minister Viktor Orban, who has blamed migrants and foreigners for the spread of the virus, reintroduced an entry ban on all foreigners with some exceptions. The ban went into place on Sep. 1, as the country began to see an uptick in daily cases.

In a Sep. 12 interview with a public broadcaster, M1, Orban said he is drafting a “war plan” to prevent a second wave. “We do not want to introduce a curfew; we do not want movement restrictions,” Orban said. “We want everything to happen as it normally should.” He added that measures to protect the economy and stimulate growth would be introduced in the coming weeks. In the second quarter of the year, Hungary’s GDP fell 13.6% compared to last year (the average decline among E.U. members was 14.4%).

But experts say that prioritizing economic considerations over public health can backfire. “It’s false to frame the introduction of new restrictions as a trade off between health and the economy. If you don’t get the rates down, you can open up the shops but people won’t go into them,” says McKee.

Europe can continue to expect to see a rise in infection transmission in the autumn and winter as people return indoors, experts say, but the level of cases, hospitalizations and deaths are unlikely to reach those seen in the spring peak.

“We’re in a much better place but we need to prepare for a difficult autumn and winter,” says Dowd.

 

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Top Protester Charged as Belarus President Claims U.S. Plot

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Law enforcement officers direct demonstrators during a women's rally against police brutality following protests to reject the presidential election results in Minsk, Belarus September 12, 2020. Tut.By/Handout via REUTERS

Belarus’ authoritarian leader on Wednesday sought to disparage protesters demanding his resignation for a sixth straight week following a disputed election by accusing the United States of fomenting the unrest.

In a long speech to top officials, Belarusian President Alexander Lukashenko ranted against the alleged U.S.-led plan to destabilize the country and claimed that American allies in Europe have participated in the effort that took years to prepare, part of his attempts to cast the opposition as Western stooges.

Lukashenko didn’t provide evidence to back his claim that the U.S. had any involvement in the demonstrations.

His main challenger in the election, Sviatlana Tsikhanouskaya, dismissed his comments as an attempt to divert public attention from rigging the vote and the violent crackdown on protests.

“There is just one reason behind the protests in Belarus and it’s known to everyone: Lukashenko has lost the vote, but he doesn’t want to step down,” Tsikhanouskaya told The Associated Press in a written comment. “People have denied Lukashenko their trust and support and demand that he leave.”

Protesters in Belarus have flooded the streets of the Belarusian capital and other cities denouncing Lukashenko’s landslide reelection in the Aug. 9 vote as rigged. The huge demonstrations were driven by frustration with the Belarusian strongman’s 26-year iron-fist rule, his cavalier response to the coronavirus and the worsening economy.

The U.S. and the European Union have criticized the election as neither free nor fair, and urged Lukashenko to start talks with the opposition — a call he has rejected.

“We had the vote and got the result, period,” Lukashenko said in Wednesday’s speech before top officials. “It’s time to stop stirring up society.”

U.N. Secretary-General Antonio Guterres told reporters Wednesday he hopes his repeated calls will be heeded for an inclusive political dialogue among Belarusians. He said re-establishing a national consensus “is absolutely essential for the harmonious development of the country.”

Sergei Naryshkin, director of Russia’s Foreign Intelligence Service, claimed in a statement carried by Russian news agencies Wednesday that the U.S. has funded the Belarusian opposition and encouraged the protests.

In an apparent attempt to delegitimize the Belarusian protests, Naryshkin added that his agency has information that “the U.S. is playing a key role in the current developments in Belarus.” He alleged that the U.S. has earmarked tens of millions of dollars to finance Belarus’ opposition groups, but provided no evidence.

The U.S. Embassy in Minsk had no immediate comment.

Tsikhanouskaya, the main opposition challenger who left for Lithuania a day after the vote under official pressure, rejected Naryshkin’s statement.

“It’s an internal political crisis, and the protesters’ demands contain nothing regarding relations with other countries or a shift in Belarus’ foreign policy course,” she said in written remarks to the AP. “Mr. Naryshkin should better understand that instead of airing dated propaganda cliches.”

In Wednesday’s speech, Lukashenko charged that the Czech Republic, Poland, Lithuania and Ukraine have helped fuel protests. All those countries have denied similar claims by Lukashenko in the past.

“The Belarusian 2020 scenario is a combination of the most effective ‘color’ destabilization technologies that have been tested in various countries,” he said in a reference to the color-coded protests that have ousted unpopular rulers in other ex-Soviet nations. “They obviously count on the scale and duration of protests to wear us down and exhaust our resources. We aren’t relaxing and stand ready to respond to any challenge.”

After a fierce crackdown on protests in the first days after the vote in which nearly 7,000 were detained and hundreds were brutally beaten by police, Belarusian authorities changed tactics and tried to stifle dissent with selective detentions of demonstrators and jailing of opposition leaders.

Belarusian prosecutors have launched a probe against the opposition activists who created the Coordination Council to push for a new election, jailing some of its top members and forcing a few others to move abroad.

Maria Kolesnikova, a leading council member who has been in jail for more than a week after she ripped her passport to avoid the forcible expulsion to Ukraine, was charged Wednesday with making calls for the seizure of power and forcible change of the constitutional order. She could face up to five years in prison if convicted.

Kolesnikova was suffering from allergy in prison but remains in good spirits, said her lawyer Lyudmila Kazak.

“She wants to tell people that never regretted acting as she did even for a second,” the lawyer said.

German Foreign Minister Heiko Maas, whose country holds the European Union’s rotating presidency, noted that and his colleagues from other EU countries will meet Monday to consider how to proceed with sanctions.

“I will say openly that if the violence against the peaceful opposition doesn’t stop, then these measures will have to be extended to significantly more people, and then we will have to talk about Mr. Lukashenko,” Maas told the German parliament on Wednesday.

Western pressure has pushed Lukashenko to further cement ties with Russia, his main sponsor and ally. The neighboring countries have a union agreement and maintain strong political, economic and military ties.

Russian President Vladimir Putin announced a new $1.5 billion loan to Belarus when he hosted Lukashenko on Monday — a financial lifeline condemned by the Belarusian opposition, which warned Moscow that it would tarnish future ties between the countries.

In a bid to rally Moscow’s support, Lukashenko has cast the protests as part of a Western plot to isolate Russia. Earlier this week, Russian paratroopers deployed to Belarus for the drills that will run through Sept. 25 near Brest, on the border with Poland.

At a meeting with Russian Defense Minister Sergei Shoigu who visited Belarus Wednesday for talks on deepening military cooperation, Lukashenko said he hopes to get more Russian weapons and suggested planning more maneuvers in the future.

The German foreign minister noted that Russia “carries a very special responsibility” given its close ties with Belarus and warned that “with its unconditional support for Lukashenko so far and hybrid exertion of influence, Moscow will certainly lose the sympathy of people in Belarus.”

Maas also sought to allay the Kremlin fears of Belarus falling into the Western orbit.

“For us inside the European Union as well, this is not about detaching Belarus from Russia and incorporating it in the European Union,” he said. “This is simply about us standing up for people in Belarus being able to decide themselves what road they take in a free and fair election.”

___

Associated Press writer Vladimir Isachenkov reported this story in Moscow and AP writer Yuras Karmanau reported from Kyiv, Ukraine. AP writer Geir Moulson in Berlin contributed to this report.

Contact us at [email protected].

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Mafia sweep results in 46 arrests in France, Italy

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The battle against organized crime in Europe continued with another massive police raid on the continents

Nearly 600 French and Italian police took part in cross-border raids Tuesday targeting the fearsome ‘Ndrangheta mafia and French organized crime groups, resulting in 46 arrests, officials said.

The operation, the fruit of investigations that began in 2018, targeted drug and weapons smuggling that also involved associates in Belgium and the Netherlands as well as drug suppliers based in Albania, Agence France-Presse reported.

“On September 15, 450 French gendarmes and 120 Italian carabinieri arrested participants in a vast drug trafficking operation between France and Italy,” prosecutors in the French Mediterranean city of Marseille said.

The arrests “allowed the breakup of a French criminal group operating in southern France, linked in part to the Calabrian mafia, the ‘Ndrangeta,” the statement added.

Italy’s carabinieri said 14 suspects had been arrested on charges of the possession and traffic of weapons and drugs, possession of fake IDs, or helping a ‘Ndrangheta member escape justice, AFP reported.

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