Politics
Bitcoin Surpasses $100,000 Amid Trump’s Government Appointments
Bitcoin reached a historic milestone, surpassing the $100,000 mark for the first time. This surge in value is largely attributed to recent announcements from Donald Trump, the incoming U.S. president, who has appointed Paul Atkins, a staunch advocate for cryptocurrencies, as the head of the U.S. Securities and Exchange Commission (SEC).
During his campaign, Trump pledged to transform the United States into the global capital of cryptocurrencies. He has been vocal about his support for Bitcoin, famously stating at a rally five months ago, “If Bitcoin is going to the moon, I want the United States to be at the forefront.” To solidify this vision, Trump has promised to purchase one million Bitcoins for the Federal Reserve, the world’s largest central bank.
Experts believe that such a move would not only legitimize Bitcoin as a viable asset but also position it as a strategic reserve for the country. “This is tremendously important because it elevates the asset beyond institutional investment, establishing it as a national-level asset,” said one financial analyst. This potential shift could encourage other central banks to consider similar strategies.
Over the past year, Bitcoin’s value has doubled, fueled by significant developments in the investment landscape. Since January, Bitcoin-based investment funds have been publicly traded, leading to a massive influx of capital from banks and financial institutions. However, experts and regulators caution that these investments carry high risks due to Bitcoin’s notorious volatility.
“Uninformed investors, lacking financial education, may enter the market at a time that could lead to significant losses,” warned a financial advisor. “It’s crucial to be well-informed and technologically savvy before investing in cryptocurrencies.”
As the cryptocurrency market evolves, initial regulatory frameworks are beginning to emerge. Europe is set to introduce its regulations in 2025, while Trump’s administration appears to be moving in the opposite direction. His cabinet appointments, filled with business leaders with vested interests in the crypto sector, signal a potential conflict in regulatory approaches.
As Bitcoin continues to soar, the implications of Trump’s policies on the cryptocurrency market and the broader financial landscape remain to be seen. The coming months will be critical in determining how these developments will shape the future of digital currencies in the United States and beyond.
Politics
European Parliament Re-establishes Intergroup on Freedom of Religion or Belief
Brussels – In a decisive move to enhance the protection of religious freedom across Europe and beyond, the European Parliament has re-established the Intergroup on Freedom of Religion or Belief. This initiative, confirmed during the conference of parliamentary leaders on December 11, 2024, aims to address the urgent need for safeguarding the rights of individuals facing persecution due to their faith.
Co-chaired by Bert-Jan Ruissen (SGP, ECR) and Miriam Lexmann (EPP), the intergroup seeks to raise awareness about the plight of those persecuted for their beliefs. Ruissen expressed his optimism about the intergroup’s revival, stating, “This intergroup provides us with an important platform in the European Parliament to advocate for the persecuted church. I see that this work is desperately needed, as many remain unaware of the severity of the situation.” Lexmann added, “From China to Belarus, the freedom of religion or belief continues to decline. It is crucial that the European Union, and particularly the Parliament, pays special attention to monitoring and actively supporting this fundamental freedom globally.”
The establishment of this intergroup comes at a critical time when violations of religious freedom are on the rise. A recent letter from various civil society organizations and religious groups highlighted the alarming increase in attacks against individuals based on their religion or belief. The letter calls for the continuation and strengthening of the intergroup, emphasizing that the right to freedom of religion or belief is a cornerstone of democratic societies, as enshrined in Article 10 of the Charter of Fundamental Rights of the European Union.
The letter outlined specific instances of persecution, including the use of blasphemy laws in northern Nigeria, the killing of Christians in Manipur, India, the closure of churches in Algeria, and attacks on Ahmadiyya communities in Pakistan. It also notes the plight of Yazidis in Iraq, Baha’is in Iran, and the discrimination faced by atheists and humanists in Nigeria and Pakistan due to apostasy laws. These examples underscore the urgent need for robust responses from the European Parliament and its members. While the letter did not mention violations within Europe, it goes without saying that Europe must focus on practising what we preach, and the better we do inside the more leverage the EuParl will have when condemning situations outside Europe.
The intergroup, which has been active since 2004, comprises members from various political factions, reflecting a broad commitment to the cause. Following each election, the intergroup must be re-established with support from at least three different factions. Ruissen noted the collaborative effort that led to the intergroup’s revival, stating, “We have come together with colleagues from diverse factions and successfully garnered support from my own faction (the ECR), as well as the liberals (Renew) and the Christian Democrats (EPP).”
One of the intergroup’s key initiatives will be to appoint a new EU envoy for religious freedom, as the mandate of the voluntary without salary and without team current envoy, Frans van Daele, expired at the end of November. The group will also maintain communication with the EU‘s diplomatic services to prioritize religious persecution in global diplomatic discussions.
The letter from civil society organizations emphasizes that the continuation of the intergroup is essential for empowering MEPs to protect the right to freedom of religion or belief through their “on-the-ground” work in affected countries and faith communities. It calls for a united front among religious and belief groups, urging them to sign a letter addressed to the political groups in the European Parliament to highlight the persecution they face globally and the necessity of such a platform.
As the intergroup embarks on its mission, it faces the challenge of ensuring that the voices, also of minority religions, within Europe are heard and that their rights are protected. The commitment of MEPs from various political backgrounds to this cause is a hopeful sign that the European Parliament is ready to take a stand for diversity and inclusion.
In a world where freedom of religion or belief is increasingly under threat, the re-establishment of the Intergroup on Freedom of Religion or Belief is a crucial step toward safeguarding the rights of all individuals, regardless of their faith. The European Parliament must continue to champion this cause, ensuring that the principles of diversity and protection for minority religions are upheld not just in rhetoric, but in action.
Politics
EU adapts product liability rules to digital age and circular economy
New product liability rules have entered into force, reflecting the increasing digital features of products and the growing circular economy.
The EU’s product liability regime was established in 1985 to compensate those who have suffered physical injury or property damage due to a defective product. Since then, technological developments, new circular economy business models and ever-more global supply chains have made updating the rules essential.
The new rules explicitly cover products like software, AI systems or product-related digital services. These changes benefit both consumers and manufacturers. Consumers will find it easier to claim damages in court, while manufacturers will benefit from clear rules for digital products and circular economy business models. Additionally, harmonised liability rules across the EU will help to reduce business costs and give businesses the certainty they need to invest in innovative products.
These new rules also take into account the increasing number of products on the EU market that are manufactured outside the EU, by ensuring that there is always an economic operator within the Union from whom a victim can claim compensation. Finally, this provision also applies to products sold through online platforms.
Product safety in the EU
Product safety remains a top EU priority, to protect consumers, foster innovation, and ensure a fair and competitive single market. Product safety laws make sure that all goods sold within the EU single market meet stringent safety, health, and environmental standards.
The General Product Safety Directive applies to non-food products and all sales channels. It establishes specific obligations for businesses to ensure that all consumer products in the EU are safe. Many products require CE marking that confirms they are EU compliant before they can be sold. If a product is deemed unsafe, alerts are issued through Safety Gate, a rapid alert system allowing EU countries to share information on dangerous non-food products, enabling swift corrective actions.
When it comes to food products, the EU has some of the highest standards of food safety in the world. These are regulated by the General Food Law, and supported by the Farm to Fork Strategy which ensures food systems are fair, healthy and environmentally-friendly.
For more information
Liability for defective products
Product safety in the EU
CE marking
Safety Gate
World Food Safety Day 2024
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Politics
Addressing Anti-Christian Hatred: COMECE’s Call for an EU Coordinator Gains Momentum
On December 4, 2024, the European Parliament hosted the 27th edition of the European Prayer Breakfast, where the Commission of the Bishops’ Conferences of the European Union (COMECE) made a compelling case for the appointment of an EU Coordinator dedicated to combating anti-Christian hatred. The conference, themed “Safeguarding Religious Freedom in Europe – Current Challenges and Future Prospects,” underscored the urgency of addressing rising anti-Christian sentiments across Europe.
Alessandro Calcagno, COMECE’s adviser on fundamental rights and Article 17 of the Treaty on the Functioning of the European Union (TFEU), articulated the pressing need for equal protection of religious freedoms, emphasizing that all dimensions of this fundamental right should be safeguarded. “Freedom of religion is too often seen as a ‘problematic’ right,” Calcagno remarked. He stressed that the collective dimension of religious freedom must be prioritized alongside individual rights, warning against the dangers of reducing tolerance to a mere substitute for genuine protection.
Calcagno highlighted the ongoing challenges faced by religious communities, particularly regarding the visibility of religious symbols and expressions. He asserted that as long as these expressions are viewed as potentially offensive or coercive, true freedom of religion remains unattainable. The conference emphasized the importance of mainstreaming religious freedom protections in EU policies, including the safeguarding of places of worship and data protection measures.
A pivotal moment came when Calcagno called for the establishment of an EU Coordinator specifically to combat anti-Christian hatred, reinforcing that this is not about creating a hierarchy of victimhood but ensuring equitable access to protective measures. “The time is mature for this step,” he stated, acknowledging the existing coordinators for Jewish and Muslim communities while advocating for similar support for Christians.
The discussion also touched on the vital role of religious literacy in fostering understanding and respect among different faiths. Calcagno urged public authorities and institutions to engage with religious education to develop informed policies that effectively address discrimination based on religion.
The conference concluded with a call to action, urging policymakers to leverage Article 17.3 of the TFEU to translate discussions into concrete policy initiatives rather than remaining at the level of abstract principles. The event was moderated by MEP Paulius Saudargas from Lithuania and featured prominent speakers, including Dr. Katharina von Schnurbein, the EU Coordinator on combating antisemitism, and Anja Hoffmann, Executive Director of The Observatory on Intolerance and Discrimination against Christians in Europe.
As the European Prayer Breakfast drew to a close, H.E. Mgr. Mariano Crociata, President of COMECE, offered a prayer, invoking blessings for the participants and the vital work ahead in safeguarding religious freedom across Europe. The call for an EU Coordinator to combat anti-Christian hatred signals a significant step towards ensuring that all religious communities in Europe receive the protection and respect they deserve.
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