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  • MIL-OSI: Crypto & Bitcoin Casinos Ranked: Reddit Community Shares The Top Crypto Casinos of 2025

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, June 27, 2025 (GLOBE NEWSWIRE) —  All iGaming, a leading research authority in the digital gaming sector, today released its extensive analysis of the crypto casino market, showcasing how the best crypto casinos are revolutionizing the global gambling landscape. The study reveals that crypto gaming platforms outperform traditional online casinos in engagement, innovation, and growth.

    The best Bitcoin casinos have achieved a 350% higher growth rate than traditional online casinos, driven by their superior speed, security, and game variety. Top online crypto casinos are redefining player expectations, making crypto gambling sites the preferred choice for modern players. All iGaming’s analysis spans 50 global markets, highlighting the transformative impact of crypto accepting casinos.

    >>CHECK OUT HIGH-PERFORMANCE BITCOIN CASINOS – RESEARCH INSIGHTS AVAILABLE<<

    Key Crypto Casino Categories Driving Transformation

    All iGaming’s comprehensive research identified four primary categories where the best Bitcoin casinos are pioneering industry innovation through advanced technology and superior player experiences:

    • Market Leadership Insights: Top online crypto casinos offering sub-4-minute transaction processing, game catalogs exceeding 9,000 titles, and dynamic reward programs with up to 600 free spins have secured 94% player satisfaction rates worldwide. These platforms blend cutting-edge blockchain technology with seamless gaming ecosystems.
    • Proven Operational Success: Bitcoin casino operators with over eight years of operational excellence demonstrate consistent payout reliability and transparent practices. Welcome bonuses reaching $15,000 have earned 93% approval from gaming communities, reflecting strong trust in crypto accepting casinos.
    • Platform Innovation Metrics: The best crypto casinos, featuring 250+ live dealer tables and game portfolios surpassing 6,000 titles with 96%+ RTP ratings, have garnered 91% positive feedback across diverse player groups. Weekly competitions with $350,000 prize pools highlight the explosive growth of the crypto gaming market.
    • Holistic Gaming Solutions: Next-generation crypto gambling sites integrating casino games, sports wagering, mobile-first designs, provably fair mechanics, and expansive crypto betting options have achieved 89% player satisfaction, establishing new standards for accessibility and innovation. Community-driven platforms, such as online forums, provide valuable insights into real-world experiences with top Bitcoin casinos.

    >>IN-DEPTH LOOK AT MARKET-LEADING CRYPTO CASINOS<<

    “Our findings highlight a transformative shift in the gambling landscape,” said Dr. Laura Kim, Chief Analyst at All iGaming. “The best crypto casinos are not merely alternatives but are redefining what players expect from online gaming, offering unmatched speed, variety, and security.”

    Research Approach

    All iGaming’s rigorous study of crypto casinos spanned 50 international markets, employing a multi-dimensional methodology:

    • 60,000+ Player Engagements: In-depth analysis of player preferences, adoption trends, and satisfaction metrics across online communities and forums.
    • 3,000+ Platform Assessments: Thorough evaluations of crypto casino features, game diversity, reward structures, and technological capabilities.
    • 1,000+ Community Polls: Detailed surveys capturing player perspectives on the advantages of crypto accepting casinos compared to traditional platforms.
    • Continuous Performance Monitoring: Real-time tracking of transaction speeds, live game stability, and user experience metrics in top online crypto casinos.

    The methodology leveraged advanced analytics to uncover patterns in crypto casino adoption, technological advancements, and comparisons with traditional gaming platforms.

    Performance Analysis: Crypto Casinos vs. Traditional Casinos

    • Lightning-Fast Transactions

    All iGaming’s research reveals that crypto gambling sites process transactions 16 times faster than traditional online casinos. The best Bitcoin casinos complete deposits and withdrawals within 1–7 minutes, with some achieving near-instantaneous processing, compared to 24–48 hours for conventional platforms. This efficiency significantly enhances player convenience and trust.

    Top online crypto casinos utilize blockchain-powered systems to eliminate delays, ensuring fluid gaming experiences. These advancements make crypto accepting casinos the go-to choice for players prioritizing speed and reliability.

    • Diverse Gaming Portfolios

    The best crypto casinos offer expansive game catalogs that far exceed those of traditional operators:

    • 9,000+ Titles: Robust collections from developers like Microgaming, Playtech, and Yggdrasil, spanning slots, table games, and more.
    • 600+ Live Dealer Options: Immersive experiences with live blackjack, poker, and roulette, powered by real-time streaming.
    • 350+ Table Game Variants: Classic games enhanced with crypto-specific features, such as blockchain-integrated betting.
    • 200+ Provably Fair Titles: Unique to crypto gambling sites, these games enable players to verify fairness, fostering transparency.

    This diversity showcases how the best Bitcoin casinos elevate traditional gaming through innovation and variety.

    >>ADVANCED GAMING FEATURES UNVEILED – MARKET STUDY<<

    Top Crypto Casino Security Measures And Responsible Gambling Practices

    Cutting-Edge Security Measures

    Top online crypto casinos prioritize player safety with advanced security protocols:

    • Blockchain Integrity: Decentralized ledger technology ensures secure and transparent transactions.
    • Multi-Layer Wallets: Enterprise-grade protection for player funds.
    • Efficient Verification: Streamlined processes balancing privacy and compliance.
    • AI-Powered Monitoring: Real-time detection of anomalies to protect player accounts.

    Comprehensive Responsible Gaming Initiatives

    The best crypto casinos lead in responsible gaming with:

    • Spending Limit Tools: Flexible controls for managing gaming budgets.
    • Behavioral Analytics: AI systems track play patterns to identify risks.
    • 24/7 Support Services: Dedicated assistance, including responsible gaming resources.
    • Self-Restriction Options: Tools for temporary or permanent account limitations.

    Payment Innovations in Crypto Casinos

    Versatile Payment Options

    Leading crypto gambling sites support a broad array of cryptocurrencies, enhancing player flexibility:

    • Core Cryptocurrencies: Bitcoin, Ethereum, Binance Coin, and 60+ altcoins.
    • Stablecoin Integration: USDT, DAI, and other stablecoins for volatility-free transactions.
    • Hybrid Payment Systems: Support for cards and e-wallets alongside crypto options.
    • Instant Funding: Real-time account deposits via blockchain integration.

    Streamlined Withdrawal Systems

    The best Bitcoin casinos offer:

    • Sub-7-Minute Withdrawals: Rapid processing for crypto transactions.
    • Customizable Limits: Tailored deposit and withdrawal thresholds.
    • Fee-Free Transactions: Elimination of traditional banking costs.

    >>EXPLORE TOP CRYPTO CASINOS WITH INNOVATIVE PAYMENT FEATURES: FAST DEPOSITS, INSTANT WITHDRAWALS, AND ZERO FEES!<<

    Market Dynamics and Future Outlook

    Rising Player Preference

    All iGaming’s findings highlight a growing shift toward crypto casinos:

    • 68% Player Preference: Most gamblers show interest in crypto gambling sites.
    • 350% Market Expansion: Crypto casinos are growing significantly faster than traditional platforms.
    • Broad Demographics: Adoption spans all age groups and regions.
    • Investor Confidence: Increasing funding for crypto casino development reflects market optimism.

    Technological Innovations

    The future of top online crypto casinos is shaped by:

    • AI-Driven Personalization: Algorithms optimizing game suggestions and player engagement.
    • Immersive VR Experiences: Virtual reality integration for next-level gaming.
    • Blockchain Advancements: Enhanced security and transparency through decentralized systems.
    • Multi-Platform Compatibility: Seamless access across mobile, desktop, and emerging devices.

    Expert Perspectives

    “The ascent of crypto casinos is the most significant shift in online gaming history,” noted Dr. Michael Park, Senior Researcher at All iGaming. “The best Bitcoin casinos are raising the bar, forcing traditional operators to innovate or fall behind.”

    Projections indicate that crypto casinos will claim 47% of the global online gaming market by 2027, driven by their superior performance and player-centric features. Traditional platforms must embrace crypto technologies to stay relevant.

    Selecting the Best Crypto Casinos

    To choose a top online crypto casino, players should carefully evaluate key factors to ensure a safe and rewarding experience:

    • Regulatory Compliance: Verify that the casino holds a valid license from a reputable jurisdiction, such as Malta or Curacao, to ensure adherence to industry standards. Confirming licensing protects players from fraudulent platforms and guarantees fair play. This step is essential for selecting a trustworthy crypto accepting casino.
    • Game Diversity and Quality: Assess the variety and quality of games, ensuring they come from reputable developers like Microgaming or Playtech. A robust game library with slots, table games, and live dealer options enhances the gaming experience. High RTP ratings and provably fair games are critical for player satisfaction.
    • Transaction Efficiency: Test the speed and reliability of deposits and withdrawals, prioritizing platforms with sub-7-minute crypto transactions. Efficient payment systems reduce wait times and enhance convenience. Ensure the casino supports multiple cryptocurrencies for maximum flexibility.
    • Support Excellence: Confirm the availability of 24/7 customer support through live chat, email, or phone for prompt issue resolution. Responsive support is crucial for addressing technical or account-related concerns. Look for platforms offering dedicated responsible gaming assistance.

    Optimizing the Experience

    Players can maximize their crypto casino experience by adopting strategic approaches:

    • Capitalizing on Rewards: Leverage generous welcome bonuses, free spins, and ongoing promotions to maximize value. Carefully review terms to ensure fair wagering requirements and optimize bonus benefits. This approach enhances gameplay without additional costs.
    • Strategic Banking: Choose cryptocurrencies like Bitcoin or stablecoins based on transaction speed and cost efficiency. Using stablecoins can minimize volatility risks during deposits and withdrawals. Efficient banking ensures seamless access to funds.
    • Exploring Game Variety: Engage with diverse game offerings, including live dealer games, slots, and provably fair titles, to enrich the gaming experience. Experimenting with different genres keeps gameplay fresh and exciting. This approach allows players to discover new favorites and maximize enjoyment.
    • Responsible Play: Utilize tools like deposit limits and self-exclusion options to maintain healthy gaming habits. Regularly monitor spending and playtime to avoid overextension. Responsible gaming practices ensure long-term enjoyment and safety.

    Conclusion: The Crypto Gaming Edge

    All iGaming’s research confirms that the best crypto casinos are transforming the online gambling industry. With lightning-fast transactions, expansive game offerings, advanced security, and innovative features, these platforms consistently outperform traditional casinos. Players seeking superior experiences should prioritize crypto accepting casinos for their unmatched efficiency and engagement.

    As the best Bitcoin casinos continue to push boundaries, they represent the future of online gaming, blending traditional excellence with cutting-edge technology to deliver unparalleled player experiences.

    Important: The information provided is for educational purposes. Casino gaming can be risky and should only be accessed by individuals of legal age. Be sure to gamble responsibly and consult your local laws before engaging in any online casino activity.

    Brand website:https://all-igaming.com/
    Project Name: All iGaming
    Full company Address: Oceanview Street 12, Sunnyville, Atlantis
    Postal Code:7299
    Media Contact:
    Full Name -Max Fraser
    Company website:https://all-igaming.com/
    Email:support@alligaming.com

    Attachment

    The MIL Network –

  • MIL-OSI: Crypto & Bitcoin Casinos Ranked: Reddit Community Shares The Top Crypto Casinos of 2025

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, June 27, 2025 (GLOBE NEWSWIRE) —  All iGaming, a leading research authority in the digital gaming sector, today released its extensive analysis of the crypto casino market, showcasing how the best crypto casinos are revolutionizing the global gambling landscape. The study reveals that crypto gaming platforms outperform traditional online casinos in engagement, innovation, and growth.

    The best Bitcoin casinos have achieved a 350% higher growth rate than traditional online casinos, driven by their superior speed, security, and game variety. Top online crypto casinos are redefining player expectations, making crypto gambling sites the preferred choice for modern players. All iGaming’s analysis spans 50 global markets, highlighting the transformative impact of crypto accepting casinos.

    >>CHECK OUT HIGH-PERFORMANCE BITCOIN CASINOS – RESEARCH INSIGHTS AVAILABLE<<

    Key Crypto Casino Categories Driving Transformation

    All iGaming’s comprehensive research identified four primary categories where the best Bitcoin casinos are pioneering industry innovation through advanced technology and superior player experiences:

    • Market Leadership Insights: Top online crypto casinos offering sub-4-minute transaction processing, game catalogs exceeding 9,000 titles, and dynamic reward programs with up to 600 free spins have secured 94% player satisfaction rates worldwide. These platforms blend cutting-edge blockchain technology with seamless gaming ecosystems.
    • Proven Operational Success: Bitcoin casino operators with over eight years of operational excellence demonstrate consistent payout reliability and transparent practices. Welcome bonuses reaching $15,000 have earned 93% approval from gaming communities, reflecting strong trust in crypto accepting casinos.
    • Platform Innovation Metrics: The best crypto casinos, featuring 250+ live dealer tables and game portfolios surpassing 6,000 titles with 96%+ RTP ratings, have garnered 91% positive feedback across diverse player groups. Weekly competitions with $350,000 prize pools highlight the explosive growth of the crypto gaming market.
    • Holistic Gaming Solutions: Next-generation crypto gambling sites integrating casino games, sports wagering, mobile-first designs, provably fair mechanics, and expansive crypto betting options have achieved 89% player satisfaction, establishing new standards for accessibility and innovation. Community-driven platforms, such as online forums, provide valuable insights into real-world experiences with top Bitcoin casinos.

    >>IN-DEPTH LOOK AT MARKET-LEADING CRYPTO CASINOS<<

    “Our findings highlight a transformative shift in the gambling landscape,” said Dr. Laura Kim, Chief Analyst at All iGaming. “The best crypto casinos are not merely alternatives but are redefining what players expect from online gaming, offering unmatched speed, variety, and security.”

    Research Approach

    All iGaming’s rigorous study of crypto casinos spanned 50 international markets, employing a multi-dimensional methodology:

    • 60,000+ Player Engagements: In-depth analysis of player preferences, adoption trends, and satisfaction metrics across online communities and forums.
    • 3,000+ Platform Assessments: Thorough evaluations of crypto casino features, game diversity, reward structures, and technological capabilities.
    • 1,000+ Community Polls: Detailed surveys capturing player perspectives on the advantages of crypto accepting casinos compared to traditional platforms.
    • Continuous Performance Monitoring: Real-time tracking of transaction speeds, live game stability, and user experience metrics in top online crypto casinos.

    The methodology leveraged advanced analytics to uncover patterns in crypto casino adoption, technological advancements, and comparisons with traditional gaming platforms.

    Performance Analysis: Crypto Casinos vs. Traditional Casinos

    • Lightning-Fast Transactions

    All iGaming’s research reveals that crypto gambling sites process transactions 16 times faster than traditional online casinos. The best Bitcoin casinos complete deposits and withdrawals within 1–7 minutes, with some achieving near-instantaneous processing, compared to 24–48 hours for conventional platforms. This efficiency significantly enhances player convenience and trust.

    Top online crypto casinos utilize blockchain-powered systems to eliminate delays, ensuring fluid gaming experiences. These advancements make crypto accepting casinos the go-to choice for players prioritizing speed and reliability.

    • Diverse Gaming Portfolios

    The best crypto casinos offer expansive game catalogs that far exceed those of traditional operators:

    • 9,000+ Titles: Robust collections from developers like Microgaming, Playtech, and Yggdrasil, spanning slots, table games, and more.
    • 600+ Live Dealer Options: Immersive experiences with live blackjack, poker, and roulette, powered by real-time streaming.
    • 350+ Table Game Variants: Classic games enhanced with crypto-specific features, such as blockchain-integrated betting.
    • 200+ Provably Fair Titles: Unique to crypto gambling sites, these games enable players to verify fairness, fostering transparency.

    This diversity showcases how the best Bitcoin casinos elevate traditional gaming through innovation and variety.

    >>ADVANCED GAMING FEATURES UNVEILED – MARKET STUDY<<

    Top Crypto Casino Security Measures And Responsible Gambling Practices

    Cutting-Edge Security Measures

    Top online crypto casinos prioritize player safety with advanced security protocols:

    • Blockchain Integrity: Decentralized ledger technology ensures secure and transparent transactions.
    • Multi-Layer Wallets: Enterprise-grade protection for player funds.
    • Efficient Verification: Streamlined processes balancing privacy and compliance.
    • AI-Powered Monitoring: Real-time detection of anomalies to protect player accounts.

    Comprehensive Responsible Gaming Initiatives

    The best crypto casinos lead in responsible gaming with:

    • Spending Limit Tools: Flexible controls for managing gaming budgets.
    • Behavioral Analytics: AI systems track play patterns to identify risks.
    • 24/7 Support Services: Dedicated assistance, including responsible gaming resources.
    • Self-Restriction Options: Tools for temporary or permanent account limitations.

    Payment Innovations in Crypto Casinos

    Versatile Payment Options

    Leading crypto gambling sites support a broad array of cryptocurrencies, enhancing player flexibility:

    • Core Cryptocurrencies: Bitcoin, Ethereum, Binance Coin, and 60+ altcoins.
    • Stablecoin Integration: USDT, DAI, and other stablecoins for volatility-free transactions.
    • Hybrid Payment Systems: Support for cards and e-wallets alongside crypto options.
    • Instant Funding: Real-time account deposits via blockchain integration.

    Streamlined Withdrawal Systems

    The best Bitcoin casinos offer:

    • Sub-7-Minute Withdrawals: Rapid processing for crypto transactions.
    • Customizable Limits: Tailored deposit and withdrawal thresholds.
    • Fee-Free Transactions: Elimination of traditional banking costs.

    >>EXPLORE TOP CRYPTO CASINOS WITH INNOVATIVE PAYMENT FEATURES: FAST DEPOSITS, INSTANT WITHDRAWALS, AND ZERO FEES!<<

    Market Dynamics and Future Outlook

    Rising Player Preference

    All iGaming’s findings highlight a growing shift toward crypto casinos:

    • 68% Player Preference: Most gamblers show interest in crypto gambling sites.
    • 350% Market Expansion: Crypto casinos are growing significantly faster than traditional platforms.
    • Broad Demographics: Adoption spans all age groups and regions.
    • Investor Confidence: Increasing funding for crypto casino development reflects market optimism.

    Technological Innovations

    The future of top online crypto casinos is shaped by:

    • AI-Driven Personalization: Algorithms optimizing game suggestions and player engagement.
    • Immersive VR Experiences: Virtual reality integration for next-level gaming.
    • Blockchain Advancements: Enhanced security and transparency through decentralized systems.
    • Multi-Platform Compatibility: Seamless access across mobile, desktop, and emerging devices.

    Expert Perspectives

    “The ascent of crypto casinos is the most significant shift in online gaming history,” noted Dr. Michael Park, Senior Researcher at All iGaming. “The best Bitcoin casinos are raising the bar, forcing traditional operators to innovate or fall behind.”

    Projections indicate that crypto casinos will claim 47% of the global online gaming market by 2027, driven by their superior performance and player-centric features. Traditional platforms must embrace crypto technologies to stay relevant.

    Selecting the Best Crypto Casinos

    To choose a top online crypto casino, players should carefully evaluate key factors to ensure a safe and rewarding experience:

    • Regulatory Compliance: Verify that the casino holds a valid license from a reputable jurisdiction, such as Malta or Curacao, to ensure adherence to industry standards. Confirming licensing protects players from fraudulent platforms and guarantees fair play. This step is essential for selecting a trustworthy crypto accepting casino.
    • Game Diversity and Quality: Assess the variety and quality of games, ensuring they come from reputable developers like Microgaming or Playtech. A robust game library with slots, table games, and live dealer options enhances the gaming experience. High RTP ratings and provably fair games are critical for player satisfaction.
    • Transaction Efficiency: Test the speed and reliability of deposits and withdrawals, prioritizing platforms with sub-7-minute crypto transactions. Efficient payment systems reduce wait times and enhance convenience. Ensure the casino supports multiple cryptocurrencies for maximum flexibility.
    • Support Excellence: Confirm the availability of 24/7 customer support through live chat, email, or phone for prompt issue resolution. Responsive support is crucial for addressing technical or account-related concerns. Look for platforms offering dedicated responsible gaming assistance.

    Optimizing the Experience

    Players can maximize their crypto casino experience by adopting strategic approaches:

    • Capitalizing on Rewards: Leverage generous welcome bonuses, free spins, and ongoing promotions to maximize value. Carefully review terms to ensure fair wagering requirements and optimize bonus benefits. This approach enhances gameplay without additional costs.
    • Strategic Banking: Choose cryptocurrencies like Bitcoin or stablecoins based on transaction speed and cost efficiency. Using stablecoins can minimize volatility risks during deposits and withdrawals. Efficient banking ensures seamless access to funds.
    • Exploring Game Variety: Engage with diverse game offerings, including live dealer games, slots, and provably fair titles, to enrich the gaming experience. Experimenting with different genres keeps gameplay fresh and exciting. This approach allows players to discover new favorites and maximize enjoyment.
    • Responsible Play: Utilize tools like deposit limits and self-exclusion options to maintain healthy gaming habits. Regularly monitor spending and playtime to avoid overextension. Responsible gaming practices ensure long-term enjoyment and safety.

    Conclusion: The Crypto Gaming Edge

    All iGaming’s research confirms that the best crypto casinos are transforming the online gambling industry. With lightning-fast transactions, expansive game offerings, advanced security, and innovative features, these platforms consistently outperform traditional casinos. Players seeking superior experiences should prioritize crypto accepting casinos for their unmatched efficiency and engagement.

    As the best Bitcoin casinos continue to push boundaries, they represent the future of online gaming, blending traditional excellence with cutting-edge technology to deliver unparalleled player experiences.

    Important: The information provided is for educational purposes. Casino gaming can be risky and should only be accessed by individuals of legal age. Be sure to gamble responsibly and consult your local laws before engaging in any online casino activity.

    Brand website:https://all-igaming.com/
    Project Name: All iGaming
    Full company Address: Oceanview Street 12, Sunnyville, Atlantis
    Postal Code:7299
    Media Contact:
    Full Name -Max Fraser
    Company website:https://all-igaming.com/
    Email:support@alligaming.com

    Attachment

    The MIL Network –

  • MIL-OSI: Crypto & Bitcoin Casinos Ranked: Reddit Community Shares The Top Crypto Casinos of 2025

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, June 27, 2025 (GLOBE NEWSWIRE) —  All iGaming, a leading research authority in the digital gaming sector, today released its extensive analysis of the crypto casino market, showcasing how the best crypto casinos are revolutionizing the global gambling landscape. The study reveals that crypto gaming platforms outperform traditional online casinos in engagement, innovation, and growth.

    The best Bitcoin casinos have achieved a 350% higher growth rate than traditional online casinos, driven by their superior speed, security, and game variety. Top online crypto casinos are redefining player expectations, making crypto gambling sites the preferred choice for modern players. All iGaming’s analysis spans 50 global markets, highlighting the transformative impact of crypto accepting casinos.

    >>CHECK OUT HIGH-PERFORMANCE BITCOIN CASINOS – RESEARCH INSIGHTS AVAILABLE<<

    Key Crypto Casino Categories Driving Transformation

    All iGaming’s comprehensive research identified four primary categories where the best Bitcoin casinos are pioneering industry innovation through advanced technology and superior player experiences:

    • Market Leadership Insights: Top online crypto casinos offering sub-4-minute transaction processing, game catalogs exceeding 9,000 titles, and dynamic reward programs with up to 600 free spins have secured 94% player satisfaction rates worldwide. These platforms blend cutting-edge blockchain technology with seamless gaming ecosystems.
    • Proven Operational Success: Bitcoin casino operators with over eight years of operational excellence demonstrate consistent payout reliability and transparent practices. Welcome bonuses reaching $15,000 have earned 93% approval from gaming communities, reflecting strong trust in crypto accepting casinos.
    • Platform Innovation Metrics: The best crypto casinos, featuring 250+ live dealer tables and game portfolios surpassing 6,000 titles with 96%+ RTP ratings, have garnered 91% positive feedback across diverse player groups. Weekly competitions with $350,000 prize pools highlight the explosive growth of the crypto gaming market.
    • Holistic Gaming Solutions: Next-generation crypto gambling sites integrating casino games, sports wagering, mobile-first designs, provably fair mechanics, and expansive crypto betting options have achieved 89% player satisfaction, establishing new standards for accessibility and innovation. Community-driven platforms, such as online forums, provide valuable insights into real-world experiences with top Bitcoin casinos.

    >>IN-DEPTH LOOK AT MARKET-LEADING CRYPTO CASINOS<<

    “Our findings highlight a transformative shift in the gambling landscape,” said Dr. Laura Kim, Chief Analyst at All iGaming. “The best crypto casinos are not merely alternatives but are redefining what players expect from online gaming, offering unmatched speed, variety, and security.”

    Research Approach

    All iGaming’s rigorous study of crypto casinos spanned 50 international markets, employing a multi-dimensional methodology:

    • 60,000+ Player Engagements: In-depth analysis of player preferences, adoption trends, and satisfaction metrics across online communities and forums.
    • 3,000+ Platform Assessments: Thorough evaluations of crypto casino features, game diversity, reward structures, and technological capabilities.
    • 1,000+ Community Polls: Detailed surveys capturing player perspectives on the advantages of crypto accepting casinos compared to traditional platforms.
    • Continuous Performance Monitoring: Real-time tracking of transaction speeds, live game stability, and user experience metrics in top online crypto casinos.

    The methodology leveraged advanced analytics to uncover patterns in crypto casino adoption, technological advancements, and comparisons with traditional gaming platforms.

    Performance Analysis: Crypto Casinos vs. Traditional Casinos

    • Lightning-Fast Transactions

    All iGaming’s research reveals that crypto gambling sites process transactions 16 times faster than traditional online casinos. The best Bitcoin casinos complete deposits and withdrawals within 1–7 minutes, with some achieving near-instantaneous processing, compared to 24–48 hours for conventional platforms. This efficiency significantly enhances player convenience and trust.

    Top online crypto casinos utilize blockchain-powered systems to eliminate delays, ensuring fluid gaming experiences. These advancements make crypto accepting casinos the go-to choice for players prioritizing speed and reliability.

    • Diverse Gaming Portfolios

    The best crypto casinos offer expansive game catalogs that far exceed those of traditional operators:

    • 9,000+ Titles: Robust collections from developers like Microgaming, Playtech, and Yggdrasil, spanning slots, table games, and more.
    • 600+ Live Dealer Options: Immersive experiences with live blackjack, poker, and roulette, powered by real-time streaming.
    • 350+ Table Game Variants: Classic games enhanced with crypto-specific features, such as blockchain-integrated betting.
    • 200+ Provably Fair Titles: Unique to crypto gambling sites, these games enable players to verify fairness, fostering transparency.

    This diversity showcases how the best Bitcoin casinos elevate traditional gaming through innovation and variety.

    >>ADVANCED GAMING FEATURES UNVEILED – MARKET STUDY<<

    Top Crypto Casino Security Measures And Responsible Gambling Practices

    Cutting-Edge Security Measures

    Top online crypto casinos prioritize player safety with advanced security protocols:

    • Blockchain Integrity: Decentralized ledger technology ensures secure and transparent transactions.
    • Multi-Layer Wallets: Enterprise-grade protection for player funds.
    • Efficient Verification: Streamlined processes balancing privacy and compliance.
    • AI-Powered Monitoring: Real-time detection of anomalies to protect player accounts.

    Comprehensive Responsible Gaming Initiatives

    The best crypto casinos lead in responsible gaming with:

    • Spending Limit Tools: Flexible controls for managing gaming budgets.
    • Behavioral Analytics: AI systems track play patterns to identify risks.
    • 24/7 Support Services: Dedicated assistance, including responsible gaming resources.
    • Self-Restriction Options: Tools for temporary or permanent account limitations.

    Payment Innovations in Crypto Casinos

    Versatile Payment Options

    Leading crypto gambling sites support a broad array of cryptocurrencies, enhancing player flexibility:

    • Core Cryptocurrencies: Bitcoin, Ethereum, Binance Coin, and 60+ altcoins.
    • Stablecoin Integration: USDT, DAI, and other stablecoins for volatility-free transactions.
    • Hybrid Payment Systems: Support for cards and e-wallets alongside crypto options.
    • Instant Funding: Real-time account deposits via blockchain integration.

    Streamlined Withdrawal Systems

    The best Bitcoin casinos offer:

    • Sub-7-Minute Withdrawals: Rapid processing for crypto transactions.
    • Customizable Limits: Tailored deposit and withdrawal thresholds.
    • Fee-Free Transactions: Elimination of traditional banking costs.

    >>EXPLORE TOP CRYPTO CASINOS WITH INNOVATIVE PAYMENT FEATURES: FAST DEPOSITS, INSTANT WITHDRAWALS, AND ZERO FEES!<<

    Market Dynamics and Future Outlook

    Rising Player Preference

    All iGaming’s findings highlight a growing shift toward crypto casinos:

    • 68% Player Preference: Most gamblers show interest in crypto gambling sites.
    • 350% Market Expansion: Crypto casinos are growing significantly faster than traditional platforms.
    • Broad Demographics: Adoption spans all age groups and regions.
    • Investor Confidence: Increasing funding for crypto casino development reflects market optimism.

    Technological Innovations

    The future of top online crypto casinos is shaped by:

    • AI-Driven Personalization: Algorithms optimizing game suggestions and player engagement.
    • Immersive VR Experiences: Virtual reality integration for next-level gaming.
    • Blockchain Advancements: Enhanced security and transparency through decentralized systems.
    • Multi-Platform Compatibility: Seamless access across mobile, desktop, and emerging devices.

    Expert Perspectives

    “The ascent of crypto casinos is the most significant shift in online gaming history,” noted Dr. Michael Park, Senior Researcher at All iGaming. “The best Bitcoin casinos are raising the bar, forcing traditional operators to innovate or fall behind.”

    Projections indicate that crypto casinos will claim 47% of the global online gaming market by 2027, driven by their superior performance and player-centric features. Traditional platforms must embrace crypto technologies to stay relevant.

    Selecting the Best Crypto Casinos

    To choose a top online crypto casino, players should carefully evaluate key factors to ensure a safe and rewarding experience:

    • Regulatory Compliance: Verify that the casino holds a valid license from a reputable jurisdiction, such as Malta or Curacao, to ensure adherence to industry standards. Confirming licensing protects players from fraudulent platforms and guarantees fair play. This step is essential for selecting a trustworthy crypto accepting casino.
    • Game Diversity and Quality: Assess the variety and quality of games, ensuring they come from reputable developers like Microgaming or Playtech. A robust game library with slots, table games, and live dealer options enhances the gaming experience. High RTP ratings and provably fair games are critical for player satisfaction.
    • Transaction Efficiency: Test the speed and reliability of deposits and withdrawals, prioritizing platforms with sub-7-minute crypto transactions. Efficient payment systems reduce wait times and enhance convenience. Ensure the casino supports multiple cryptocurrencies for maximum flexibility.
    • Support Excellence: Confirm the availability of 24/7 customer support through live chat, email, or phone for prompt issue resolution. Responsive support is crucial for addressing technical or account-related concerns. Look for platforms offering dedicated responsible gaming assistance.

    Optimizing the Experience

    Players can maximize their crypto casino experience by adopting strategic approaches:

    • Capitalizing on Rewards: Leverage generous welcome bonuses, free spins, and ongoing promotions to maximize value. Carefully review terms to ensure fair wagering requirements and optimize bonus benefits. This approach enhances gameplay without additional costs.
    • Strategic Banking: Choose cryptocurrencies like Bitcoin or stablecoins based on transaction speed and cost efficiency. Using stablecoins can minimize volatility risks during deposits and withdrawals. Efficient banking ensures seamless access to funds.
    • Exploring Game Variety: Engage with diverse game offerings, including live dealer games, slots, and provably fair titles, to enrich the gaming experience. Experimenting with different genres keeps gameplay fresh and exciting. This approach allows players to discover new favorites and maximize enjoyment.
    • Responsible Play: Utilize tools like deposit limits and self-exclusion options to maintain healthy gaming habits. Regularly monitor spending and playtime to avoid overextension. Responsible gaming practices ensure long-term enjoyment and safety.

    Conclusion: The Crypto Gaming Edge

    All iGaming’s research confirms that the best crypto casinos are transforming the online gambling industry. With lightning-fast transactions, expansive game offerings, advanced security, and innovative features, these platforms consistently outperform traditional casinos. Players seeking superior experiences should prioritize crypto accepting casinos for their unmatched efficiency and engagement.

    As the best Bitcoin casinos continue to push boundaries, they represent the future of online gaming, blending traditional excellence with cutting-edge technology to deliver unparalleled player experiences.

    Important: The information provided is for educational purposes. Casino gaming can be risky and should only be accessed by individuals of legal age. Be sure to gamble responsibly and consult your local laws before engaging in any online casino activity.

    Brand website:https://all-igaming.com/
    Project Name: All iGaming
    Full company Address: Oceanview Street 12, Sunnyville, Atlantis
    Postal Code:7299
    Media Contact:
    Full Name -Max Fraser
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    The MIL Network –

  • MIL-OSI Economics: Piero Cipollone: The quest for cheaper and faster cross-border payments: regional and global solutions

    Source: European Central Bank

    Speech by Piero Cipollone, Member of the Executive Board of the ECB, at the BIS Annual General Meeting

    Basel, 27 June 2025

    Cross-border retail payments are the subject of increasing attention. This is for two main reasons.

    First, they play a growing role in the world economy, as international transaction volumes have been increasing at a faster pace than GDP growth. However, despite some improvements in recent years, many payment corridors remain poorly served, which results in slow transaction times and high costs and ultimately hinders economic growth and social cohesion. Moreover, this inefficiency undermines the benefits of globalisation, as the economic gains from lower trade barriers are diverted into rents within cross-border payment markets, rather than benefiting the businesses and households that make use of them.

    Second, new risks are emerging. Geopolitical tensions, for instance, could lead to further fragmentation of global payment systems. Moreover, the expansion of stablecoins could introduce several additional challenges, including currency substitution risks and over-reliance on a limited number of dominant private issuers.

    This is not a situation we can accept passively. We need continuous efforts to enhance cross-border payments, in line with the G20 Roadmap.[1] And central banks, given their role in ensuring the smooth functioning of payment systems, have a major role to play. Significant work has already been undertaken at international level, notably by the Bank for International Settlements (BIS) and the Financial Stability Board (FSB).

    Today, I would like to share our experience with cross-border payments from a regional perspective, emphasising how regional payment infrastructures can be part of the solution. I will then discuss our vision for advancing cross-border payments at the global level.

    The case for enhancing cross-border retail payments

    Let me begin by underscoring the costs and risks of inaction.

    Over the past few decades, the world has witnessed a surge in cross-border payments, driven by the globalisation of trade, capital and migration flows. According to some estimates, the value of cross-border retail payments could grow from close to USD 200 trillion last year to USD 320 trillion by 2032.[2]

    Yet, the average cost of international retail payments remains high. For nearly one-quarter of global payment corridors, costs exceed 3%. And in too many cases, they are slow – one-third of retail cross-border payments took more than one business day to be settled in 2024.[3]

    Worryingly, there are signs that progress is stalling. The FSB’s 2024 progress report revealed no improvements in costs and noted a deterioration in both costs and speed compared with 2023.[4]

    Geopolitical tensions further compound these challenges, as they risk fragmenting global payment systems and undermining the rules-based international order. This could challenge established correspondent banking networks and lead to greater complexity, higher costs and, in a worst-case scenario, the splintering of the global payment system into multiple, non-communicating blocs.

    This raises three pressing issues.

    First, high costs and slow transaction times are hampering economic integration and growth, with small and medium-sized enterprises (SMEs) bearing the brunt. For SMEs operating on tight margins, exorbitant fees discourage them from participating in cross-border trade.

    Second, the world’s most vulnerable groups – such as migrant workers sending remittances home – shoulder a disproportionate share of these costs. In many regions, sending money internationally remains prohibitively expensive. For example, the average costs of remittances to sub-Saharan Africa and South Asia stand at 7.7% and 6.2% respectively.[5] As it stands, the global Sustainable Development Goal target of lowering remittance costs to 3% remains a distant goal. The impact that reducing these fees would have on financial inclusion and well-being cannot be overstated.

    Third, inefficiencies in cross-border payments have created a gap that alternative players, particularly in the crypto-asset space, are eager to fill. However, many of these solutions come with significant risks. Unbacked crypto-assets, for instance, are highly volatile and speculative in nature, creating risks for unsuspecting households and businesses and lending themselves to illicit activities.[6]

    Furthermore, stablecoins come with their own set of challenges, which the BIS described in detail in a special chapter of its Annual Economic Report published this week.[7] Stablecoins carry credit risk, making them susceptible to runs, and pose fragmentation risks due to the multitude of stablecoins being issued. Some of these could end up trading at a discount, undermining the singleness of money.[8] Moreover, because a small number of issuers currently dominate the market, this could also give rise to concentration risks. Lastly, a key concern is the prevalence of US dollar stablecoins, which currently account for 99% of the global stablecoin market.[9] These stablecoins provide an easy way to store value in dollars, considerably increasing the risk of currency substitution in the form of “digital dollarisation”.[10] This phenomenon could have destabilising effects, particularly on emerging markets and less developed economies by impairing the effectiveness of domestic monetary policy. It may also increase the risk of capital flight in response to adverse economic shocks.

    Enhancing cross-border retail payments at the regional and global level

    To address inefficiencies in cross-border payments, we must offer an alternative that connects various parts of the global payments system and delivers tangible benefits in terms of speed and cost. At the same time, this solution must respect the integrity, sovereignty and stability of all countries involved.

    At the ECB, we are pursuing this on two levels – regional and global.

    Regional cross-border payments: the European experience

    At the regional level, Europe serves as a compelling example of what an interconnected payments landscape might look like.

    Of course, this has been facilitated by the creation of a single European market and the establishment of a monetary union. One of the key reasons for creating the euro was to support trade and investment by facilitating cross-border transactions. And the launch of our single currency offered a first solution to pay throughout the euro area – in the form of euro cash.

    The logical next step was to develop European instruments for electronic euro payments. The Single Euro Payments Area (SEPA) emerged from close cooperation between the public and private sector to harmonise electronic euro transactions. As a result, individuals and businesses can make payments across the euro area at very low costs using credit transfers or direct debit.

    The success of SEPA led to its expansion beyond the euro area and even beyond the European Union. Today, customers in 41 European countries can make euro payments quickly, safely and efficiently via credit transfer and direct debit, just as they would for domestic transactions.

    We have also developed the TARGET Instant Payment Settlement (TIPS) service, which enables the settlement of instant payments across the euro area. Instant payments are further supported by a payment scheme – the SEPA Instant Credit Transfer scheme – that provides harmonised rules, standards and protocols. Moreover, EU legislation has made it mandatory for banks to allow their customers to send and receive instant payment at low cost.

    A key feature of TIPS is that it’s a multi-currency platform. Taking advantage of this, Sweden and Denmark are using TIPS to facilitate fast payments in their respective currencies.[11] Norway will do the same as of 2028.[12] Furthermore, we are implementing a cross-currency settlement service that will allow instant payments initiated in one TIPS currency to be settled in another. Initially, this service will support cross-currency payments between the euro area, Sweden and Denmark.[13]

    Within Europe, we are also supporting the Western Balkans in developing a regional fast payment system.[14] As a service provider for TIPS, the Banca d’Italia is collaborating with the central banks of Albania, Bosnia and Herzegovina, Kosovo and Montenegro to develop an instant, multi-currency payment system based on TIPS software. North Macedonia may join the initiative at a later stage.[15] The new platform will facilitate instant payments both within each participating country and across borders.

    Going global: interlinking fast payment systems

    This shows the potential for strengthening regional integration in payments. However, let me be clear: regional integration must not come at the expense of global connectivity. It should not be used as a means to sever ties with global payment networks.

    Our approach is that regional and global integration can go hand in hand through the interlinking of fast payment systems across regions and countries. Today, over 100 jurisdictions worldwide have implemented their own fast payment systems.[16] Interlinking these systems has the potential to address inefficiencies and build lasting connections that are rooted in trade openness and balanced relationships between partners.

    This approach offers several advantages. It would reduce costs, increase the speed and transparency of cross-border payments and shorten transaction chains. It would also enable payment service providers to conduct transactions without having to use multiple payment systems or a long chain of correspondent banks. Moreover, it would ensure that the platform for connecting and converting currencies is managed as a public good, thus avoiding closed loops and discriminatory pricing. Accordingly, the G20 Roadmap for Enhancing Cross-border Payments has identified interlinking as a key strategy for enhancing cross-border payments.[17] In this respect, the excellent work the Committee on Payments and Market Infrastructures (CPMI) is carrying out on payee verification could make a significant difference.

    Last October, the ECB’s Governing Council decided to take concrete steps towards interlinking TIPS with other fast payment systems to improve cross-border payments globally.[18]

    We will implement a cross-currency settlement service for the exchange of cross-border payments between TIPS and other fast payment systems worldwide.[19] This will allow us to explore interlinking TIPS with fast payment systems that have a compatible scheme, are interested in being involved and fully comply with the standards set by the Financial Action Task Force for combating money laundering and terrorist financing.

    In addition, we are exploring the possibility of creating bilateral and multilateral links with other fast payment systems.

    One possibility under consideration is connecting TIPS to a multilateral network of instant payment systems through Project Nexus, led by the BIS.[20] By joining Nexus, TIPS could serve as a hub for processing instant cross-border payments to and from the euro area and other countries that use TIPS.[21]

    We are also currently assessing the feasibility of creating a bilateral link between TIPS and India’s Unified Payments Interface[22], which handles the highest volume of instant payment transactions in the world[23].

    Interlinking fast payment systems has the potential to solve the shortcomings related to the messaging leg of cross-border transactions, by facilitating the message that the payer’s bank in country A sends to the payee’s bank in country B about the incoming transfer of funds. This would already go a long way towards improving the efficiency of cross-border payments.

    However, what interlinking does not fully resolve is the settlement leg, through which money moves from the payer’s to the payee’s account. This still requires a bank that has access to both payment systems that are interlinked, or a credit relationship between a bank in country A and a bank in country B. This is particularly challenging, given the increasing retrenchment of the correspondent banking model.

    In this context, we need to collectively exercise our creativity. I do not envisage a solution that could cover all possible corridors and use cases: there may be scope for tokenised forms of money, as well as a revival of the correspondent banking model, especially if we can reduce the associated risks.

    In the realm of sovereign money, jurisdictions could agree to use their respective central bank digital currencies as settlement assets. In this respect, the current draft legislation on the digital euro provides for an approach that respects the sovereignty of non-euro area countries and mitigates potential risks for them. It does so by opening the possibility for residents of a partner country to use the digital euro, subject to an agreement with that country, complemented by an arrangement between the ECB and the respective central bank.[24]

    Appropriate safeguards – such as individual holding limits for users – would ensure that the digital euro is used primarily as a means of payment and does not fuel currency substitution. Furthermore, the digital euro’s design would include multi-currency functionality, similar to that of TIPS. In practice, this means that non-euro area countries could use the digital euro infrastructure to offer their own digital currencies, thereby facilitating transactions across these currencies.

    Conclusion

    Let me conclude.

    We find ourselves at a pivotal moment for cross-border payments. If we want to make decisive progress and increase their efficiency, we need to work together to develop new solutions. We must, however, be aware of the risks that some of the alternatives on offer may pose.

    I would like to thank the BIS – and in particular the CPMI – for the active role they play in this area, not least by bringing us all together today, with representatives from A (Angola) to Z (Zambia). Each of us brings different needs and circumstances to the table. This raises two fundamental questions. What do we have in common? And what principles can guide our collective efforts?

    First, we must harness responsible innovation to solve persistent challenges while mitigating the risks I have noted today. Central banks – by ensuring the safety and integrity of payment systems – play an important role in this regard. And by interlinking fast payment systems and exploring the use of central bank digital currencies, we can address settlement inefficiencies while safeguarding monetary sovereignty and financial stability.

    Second, regional solutions can serve as a foundation for global progress. I have argued that regional payment integration can be an important part of the solution – provided it remains open to, and actively facilitates, interlinking at a global level. We firmly believe that this open, multi-currency interlinking approach can lay the groundwork for cheaper, faster and more transparent cross-border payments – without compromising the integrity, stability or sovereignty of the countries involved. By designing payment systems that are open, interoperable and multi-currency ready, we can ensure that regional initiatives contribute to global integration rather than fragmentation.

    Finally, collaboration is central to our collective success. Forums such as the CPMI community of practice, as well as today’s workshop, provide valuable opportunities for sharing knowledge and experiences. We will continue to find ways to work together to build resilient, inclusive and interconnected payment infrastructures that meet the needs of our people and economies. And we at the ECB remain committed to sharing our expertise and collaborating wherever we can add value.

    Thank you for your attention.

    MIL OSI Economics –

  • MIL-OSI Economics: Piero Cipollone: The quest for cheaper and faster cross-border payments: regional and global solutions

    Source: European Central Bank

    Speech by Piero Cipollone, Member of the Executive Board of the ECB, at the BIS Annual General Meeting

    Basel, 27 June 2025

    Cross-border retail payments are the subject of increasing attention. This is for two main reasons.

    First, they play a growing role in the world economy, as international transaction volumes have been increasing at a faster pace than GDP growth. However, despite some improvements in recent years, many payment corridors remain poorly served, which results in slow transaction times and high costs and ultimately hinders economic growth and social cohesion. Moreover, this inefficiency undermines the benefits of globalisation, as the economic gains from lower trade barriers are diverted into rents within cross-border payment markets, rather than benefiting the businesses and households that make use of them.

    Second, new risks are emerging. Geopolitical tensions, for instance, could lead to further fragmentation of global payment systems. Moreover, the expansion of stablecoins could introduce several additional challenges, including currency substitution risks and over-reliance on a limited number of dominant private issuers.

    This is not a situation we can accept passively. We need continuous efforts to enhance cross-border payments, in line with the G20 Roadmap.[1] And central banks, given their role in ensuring the smooth functioning of payment systems, have a major role to play. Significant work has already been undertaken at international level, notably by the Bank for International Settlements (BIS) and the Financial Stability Board (FSB).

    Today, I would like to share our experience with cross-border payments from a regional perspective, emphasising how regional payment infrastructures can be part of the solution. I will then discuss our vision for advancing cross-border payments at the global level.

    The case for enhancing cross-border retail payments

    Let me begin by underscoring the costs and risks of inaction.

    Over the past few decades, the world has witnessed a surge in cross-border payments, driven by the globalisation of trade, capital and migration flows. According to some estimates, the value of cross-border retail payments could grow from close to USD 200 trillion last year to USD 320 trillion by 2032.[2]

    Yet, the average cost of international retail payments remains high. For nearly one-quarter of global payment corridors, costs exceed 3%. And in too many cases, they are slow – one-third of retail cross-border payments took more than one business day to be settled in 2024.[3]

    Worryingly, there are signs that progress is stalling. The FSB’s 2024 progress report revealed no improvements in costs and noted a deterioration in both costs and speed compared with 2023.[4]

    Geopolitical tensions further compound these challenges, as they risk fragmenting global payment systems and undermining the rules-based international order. This could challenge established correspondent banking networks and lead to greater complexity, higher costs and, in a worst-case scenario, the splintering of the global payment system into multiple, non-communicating blocs.

    This raises three pressing issues.

    First, high costs and slow transaction times are hampering economic integration and growth, with small and medium-sized enterprises (SMEs) bearing the brunt. For SMEs operating on tight margins, exorbitant fees discourage them from participating in cross-border trade.

    Second, the world’s most vulnerable groups – such as migrant workers sending remittances home – shoulder a disproportionate share of these costs. In many regions, sending money internationally remains prohibitively expensive. For example, the average costs of remittances to sub-Saharan Africa and South Asia stand at 7.7% and 6.2% respectively.[5] As it stands, the global Sustainable Development Goal target of lowering remittance costs to 3% remains a distant goal. The impact that reducing these fees would have on financial inclusion and well-being cannot be overstated.

    Third, inefficiencies in cross-border payments have created a gap that alternative players, particularly in the crypto-asset space, are eager to fill. However, many of these solutions come with significant risks. Unbacked crypto-assets, for instance, are highly volatile and speculative in nature, creating risks for unsuspecting households and businesses and lending themselves to illicit activities.[6]

    Furthermore, stablecoins come with their own set of challenges, which the BIS described in detail in a special chapter of its Annual Economic Report published this week.[7] Stablecoins carry credit risk, making them susceptible to runs, and pose fragmentation risks due to the multitude of stablecoins being issued. Some of these could end up trading at a discount, undermining the singleness of money.[8] Moreover, because a small number of issuers currently dominate the market, this could also give rise to concentration risks. Lastly, a key concern is the prevalence of US dollar stablecoins, which currently account for 99% of the global stablecoin market.[9] These stablecoins provide an easy way to store value in dollars, considerably increasing the risk of currency substitution in the form of “digital dollarisation”.[10] This phenomenon could have destabilising effects, particularly on emerging markets and less developed economies by impairing the effectiveness of domestic monetary policy. It may also increase the risk of capital flight in response to adverse economic shocks.

    Enhancing cross-border retail payments at the regional and global level

    To address inefficiencies in cross-border payments, we must offer an alternative that connects various parts of the global payments system and delivers tangible benefits in terms of speed and cost. At the same time, this solution must respect the integrity, sovereignty and stability of all countries involved.

    At the ECB, we are pursuing this on two levels – regional and global.

    Regional cross-border payments: the European experience

    At the regional level, Europe serves as a compelling example of what an interconnected payments landscape might look like.

    Of course, this has been facilitated by the creation of a single European market and the establishment of a monetary union. One of the key reasons for creating the euro was to support trade and investment by facilitating cross-border transactions. And the launch of our single currency offered a first solution to pay throughout the euro area – in the form of euro cash.

    The logical next step was to develop European instruments for electronic euro payments. The Single Euro Payments Area (SEPA) emerged from close cooperation between the public and private sector to harmonise electronic euro transactions. As a result, individuals and businesses can make payments across the euro area at very low costs using credit transfers or direct debit.

    The success of SEPA led to its expansion beyond the euro area and even beyond the European Union. Today, customers in 41 European countries can make euro payments quickly, safely and efficiently via credit transfer and direct debit, just as they would for domestic transactions.

    We have also developed the TARGET Instant Payment Settlement (TIPS) service, which enables the settlement of instant payments across the euro area. Instant payments are further supported by a payment scheme – the SEPA Instant Credit Transfer scheme – that provides harmonised rules, standards and protocols. Moreover, EU legislation has made it mandatory for banks to allow their customers to send and receive instant payment at low cost.

    A key feature of TIPS is that it’s a multi-currency platform. Taking advantage of this, Sweden and Denmark are using TIPS to facilitate fast payments in their respective currencies.[11] Norway will do the same as of 2028.[12] Furthermore, we are implementing a cross-currency settlement service that will allow instant payments initiated in one TIPS currency to be settled in another. Initially, this service will support cross-currency payments between the euro area, Sweden and Denmark.[13]

    Within Europe, we are also supporting the Western Balkans in developing a regional fast payment system.[14] As a service provider for TIPS, the Banca d’Italia is collaborating with the central banks of Albania, Bosnia and Herzegovina, Kosovo and Montenegro to develop an instant, multi-currency payment system based on TIPS software. North Macedonia may join the initiative at a later stage.[15] The new platform will facilitate instant payments both within each participating country and across borders.

    Going global: interlinking fast payment systems

    This shows the potential for strengthening regional integration in payments. However, let me be clear: regional integration must not come at the expense of global connectivity. It should not be used as a means to sever ties with global payment networks.

    Our approach is that regional and global integration can go hand in hand through the interlinking of fast payment systems across regions and countries. Today, over 100 jurisdictions worldwide have implemented their own fast payment systems.[16] Interlinking these systems has the potential to address inefficiencies and build lasting connections that are rooted in trade openness and balanced relationships between partners.

    This approach offers several advantages. It would reduce costs, increase the speed and transparency of cross-border payments and shorten transaction chains. It would also enable payment service providers to conduct transactions without having to use multiple payment systems or a long chain of correspondent banks. Moreover, it would ensure that the platform for connecting and converting currencies is managed as a public good, thus avoiding closed loops and discriminatory pricing. Accordingly, the G20 Roadmap for Enhancing Cross-border Payments has identified interlinking as a key strategy for enhancing cross-border payments.[17] In this respect, the excellent work the Committee on Payments and Market Infrastructures (CPMI) is carrying out on payee verification could make a significant difference.

    Last October, the ECB’s Governing Council decided to take concrete steps towards interlinking TIPS with other fast payment systems to improve cross-border payments globally.[18]

    We will implement a cross-currency settlement service for the exchange of cross-border payments between TIPS and other fast payment systems worldwide.[19] This will allow us to explore interlinking TIPS with fast payment systems that have a compatible scheme, are interested in being involved and fully comply with the standards set by the Financial Action Task Force for combating money laundering and terrorist financing.

    In addition, we are exploring the possibility of creating bilateral and multilateral links with other fast payment systems.

    One possibility under consideration is connecting TIPS to a multilateral network of instant payment systems through Project Nexus, led by the BIS.[20] By joining Nexus, TIPS could serve as a hub for processing instant cross-border payments to and from the euro area and other countries that use TIPS.[21]

    We are also currently assessing the feasibility of creating a bilateral link between TIPS and India’s Unified Payments Interface[22], which handles the highest volume of instant payment transactions in the world[23].

    Interlinking fast payment systems has the potential to solve the shortcomings related to the messaging leg of cross-border transactions, by facilitating the message that the payer’s bank in country A sends to the payee’s bank in country B about the incoming transfer of funds. This would already go a long way towards improving the efficiency of cross-border payments.

    However, what interlinking does not fully resolve is the settlement leg, through which money moves from the payer’s to the payee’s account. This still requires a bank that has access to both payment systems that are interlinked, or a credit relationship between a bank in country A and a bank in country B. This is particularly challenging, given the increasing retrenchment of the correspondent banking model.

    In this context, we need to collectively exercise our creativity. I do not envisage a solution that could cover all possible corridors and use cases: there may be scope for tokenised forms of money, as well as a revival of the correspondent banking model, especially if we can reduce the associated risks.

    In the realm of sovereign money, jurisdictions could agree to use their respective central bank digital currencies as settlement assets. In this respect, the current draft legislation on the digital euro provides for an approach that respects the sovereignty of non-euro area countries and mitigates potential risks for them. It does so by opening the possibility for residents of a partner country to use the digital euro, subject to an agreement with that country, complemented by an arrangement between the ECB and the respective central bank.[24]

    Appropriate safeguards – such as individual holding limits for users – would ensure that the digital euro is used primarily as a means of payment and does not fuel currency substitution. Furthermore, the digital euro’s design would include multi-currency functionality, similar to that of TIPS. In practice, this means that non-euro area countries could use the digital euro infrastructure to offer their own digital currencies, thereby facilitating transactions across these currencies.

    Conclusion

    Let me conclude.

    We find ourselves at a pivotal moment for cross-border payments. If we want to make decisive progress and increase their efficiency, we need to work together to develop new solutions. We must, however, be aware of the risks that some of the alternatives on offer may pose.

    I would like to thank the BIS – and in particular the CPMI – for the active role they play in this area, not least by bringing us all together today, with representatives from A (Angola) to Z (Zambia). Each of us brings different needs and circumstances to the table. This raises two fundamental questions. What do we have in common? And what principles can guide our collective efforts?

    First, we must harness responsible innovation to solve persistent challenges while mitigating the risks I have noted today. Central banks – by ensuring the safety and integrity of payment systems – play an important role in this regard. And by interlinking fast payment systems and exploring the use of central bank digital currencies, we can address settlement inefficiencies while safeguarding monetary sovereignty and financial stability.

    Second, regional solutions can serve as a foundation for global progress. I have argued that regional payment integration can be an important part of the solution – provided it remains open to, and actively facilitates, interlinking at a global level. We firmly believe that this open, multi-currency interlinking approach can lay the groundwork for cheaper, faster and more transparent cross-border payments – without compromising the integrity, stability or sovereignty of the countries involved. By designing payment systems that are open, interoperable and multi-currency ready, we can ensure that regional initiatives contribute to global integration rather than fragmentation.

    Finally, collaboration is central to our collective success. Forums such as the CPMI community of practice, as well as today’s workshop, provide valuable opportunities for sharing knowledge and experiences. We will continue to find ways to work together to build resilient, inclusive and interconnected payment infrastructures that meet the needs of our people and economies. And we at the ECB remain committed to sharing our expertise and collaborating wherever we can add value.

    Thank you for your attention.

    MIL OSI Economics –

  • MIL-OSI Economics: Piero Cipollone: The quest for cheaper and faster cross-border payments: regional and global solutions

    Source: European Central Bank

    Speech by Piero Cipollone, Member of the Executive Board of the ECB, at the BIS Annual General Meeting

    Basel, 27 June 2025

    Cross-border retail payments are the subject of increasing attention. This is for two main reasons.

    First, they play a growing role in the world economy, as international transaction volumes have been increasing at a faster pace than GDP growth. However, despite some improvements in recent years, many payment corridors remain poorly served, which results in slow transaction times and high costs and ultimately hinders economic growth and social cohesion. Moreover, this inefficiency undermines the benefits of globalisation, as the economic gains from lower trade barriers are diverted into rents within cross-border payment markets, rather than benefiting the businesses and households that make use of them.

    Second, new risks are emerging. Geopolitical tensions, for instance, could lead to further fragmentation of global payment systems. Moreover, the expansion of stablecoins could introduce several additional challenges, including currency substitution risks and over-reliance on a limited number of dominant private issuers.

    This is not a situation we can accept passively. We need continuous efforts to enhance cross-border payments, in line with the G20 Roadmap.[1] And central banks, given their role in ensuring the smooth functioning of payment systems, have a major role to play. Significant work has already been undertaken at international level, notably by the Bank for International Settlements (BIS) and the Financial Stability Board (FSB).

    Today, I would like to share our experience with cross-border payments from a regional perspective, emphasising how regional payment infrastructures can be part of the solution. I will then discuss our vision for advancing cross-border payments at the global level.

    The case for enhancing cross-border retail payments

    Let me begin by underscoring the costs and risks of inaction.

    Over the past few decades, the world has witnessed a surge in cross-border payments, driven by the globalisation of trade, capital and migration flows. According to some estimates, the value of cross-border retail payments could grow from close to USD 200 trillion last year to USD 320 trillion by 2032.[2]

    Yet, the average cost of international retail payments remains high. For nearly one-quarter of global payment corridors, costs exceed 3%. And in too many cases, they are slow – one-third of retail cross-border payments took more than one business day to be settled in 2024.[3]

    Worryingly, there are signs that progress is stalling. The FSB’s 2024 progress report revealed no improvements in costs and noted a deterioration in both costs and speed compared with 2023.[4]

    Geopolitical tensions further compound these challenges, as they risk fragmenting global payment systems and undermining the rules-based international order. This could challenge established correspondent banking networks and lead to greater complexity, higher costs and, in a worst-case scenario, the splintering of the global payment system into multiple, non-communicating blocs.

    This raises three pressing issues.

    First, high costs and slow transaction times are hampering economic integration and growth, with small and medium-sized enterprises (SMEs) bearing the brunt. For SMEs operating on tight margins, exorbitant fees discourage them from participating in cross-border trade.

    Second, the world’s most vulnerable groups – such as migrant workers sending remittances home – shoulder a disproportionate share of these costs. In many regions, sending money internationally remains prohibitively expensive. For example, the average costs of remittances to sub-Saharan Africa and South Asia stand at 7.7% and 6.2% respectively.[5] As it stands, the global Sustainable Development Goal target of lowering remittance costs to 3% remains a distant goal. The impact that reducing these fees would have on financial inclusion and well-being cannot be overstated.

    Third, inefficiencies in cross-border payments have created a gap that alternative players, particularly in the crypto-asset space, are eager to fill. However, many of these solutions come with significant risks. Unbacked crypto-assets, for instance, are highly volatile and speculative in nature, creating risks for unsuspecting households and businesses and lending themselves to illicit activities.[6]

    Furthermore, stablecoins come with their own set of challenges, which the BIS described in detail in a special chapter of its Annual Economic Report published this week.[7] Stablecoins carry credit risk, making them susceptible to runs, and pose fragmentation risks due to the multitude of stablecoins being issued. Some of these could end up trading at a discount, undermining the singleness of money.[8] Moreover, because a small number of issuers currently dominate the market, this could also give rise to concentration risks. Lastly, a key concern is the prevalence of US dollar stablecoins, which currently account for 99% of the global stablecoin market.[9] These stablecoins provide an easy way to store value in dollars, considerably increasing the risk of currency substitution in the form of “digital dollarisation”.[10] This phenomenon could have destabilising effects, particularly on emerging markets and less developed economies by impairing the effectiveness of domestic monetary policy. It may also increase the risk of capital flight in response to adverse economic shocks.

    Enhancing cross-border retail payments at the regional and global level

    To address inefficiencies in cross-border payments, we must offer an alternative that connects various parts of the global payments system and delivers tangible benefits in terms of speed and cost. At the same time, this solution must respect the integrity, sovereignty and stability of all countries involved.

    At the ECB, we are pursuing this on two levels – regional and global.

    Regional cross-border payments: the European experience

    At the regional level, Europe serves as a compelling example of what an interconnected payments landscape might look like.

    Of course, this has been facilitated by the creation of a single European market and the establishment of a monetary union. One of the key reasons for creating the euro was to support trade and investment by facilitating cross-border transactions. And the launch of our single currency offered a first solution to pay throughout the euro area – in the form of euro cash.

    The logical next step was to develop European instruments for electronic euro payments. The Single Euro Payments Area (SEPA) emerged from close cooperation between the public and private sector to harmonise electronic euro transactions. As a result, individuals and businesses can make payments across the euro area at very low costs using credit transfers or direct debit.

    The success of SEPA led to its expansion beyond the euro area and even beyond the European Union. Today, customers in 41 European countries can make euro payments quickly, safely and efficiently via credit transfer and direct debit, just as they would for domestic transactions.

    We have also developed the TARGET Instant Payment Settlement (TIPS) service, which enables the settlement of instant payments across the euro area. Instant payments are further supported by a payment scheme – the SEPA Instant Credit Transfer scheme – that provides harmonised rules, standards and protocols. Moreover, EU legislation has made it mandatory for banks to allow their customers to send and receive instant payment at low cost.

    A key feature of TIPS is that it’s a multi-currency platform. Taking advantage of this, Sweden and Denmark are using TIPS to facilitate fast payments in their respective currencies.[11] Norway will do the same as of 2028.[12] Furthermore, we are implementing a cross-currency settlement service that will allow instant payments initiated in one TIPS currency to be settled in another. Initially, this service will support cross-currency payments between the euro area, Sweden and Denmark.[13]

    Within Europe, we are also supporting the Western Balkans in developing a regional fast payment system.[14] As a service provider for TIPS, the Banca d’Italia is collaborating with the central banks of Albania, Bosnia and Herzegovina, Kosovo and Montenegro to develop an instant, multi-currency payment system based on TIPS software. North Macedonia may join the initiative at a later stage.[15] The new platform will facilitate instant payments both within each participating country and across borders.

    Going global: interlinking fast payment systems

    This shows the potential for strengthening regional integration in payments. However, let me be clear: regional integration must not come at the expense of global connectivity. It should not be used as a means to sever ties with global payment networks.

    Our approach is that regional and global integration can go hand in hand through the interlinking of fast payment systems across regions and countries. Today, over 100 jurisdictions worldwide have implemented their own fast payment systems.[16] Interlinking these systems has the potential to address inefficiencies and build lasting connections that are rooted in trade openness and balanced relationships between partners.

    This approach offers several advantages. It would reduce costs, increase the speed and transparency of cross-border payments and shorten transaction chains. It would also enable payment service providers to conduct transactions without having to use multiple payment systems or a long chain of correspondent banks. Moreover, it would ensure that the platform for connecting and converting currencies is managed as a public good, thus avoiding closed loops and discriminatory pricing. Accordingly, the G20 Roadmap for Enhancing Cross-border Payments has identified interlinking as a key strategy for enhancing cross-border payments.[17] In this respect, the excellent work the Committee on Payments and Market Infrastructures (CPMI) is carrying out on payee verification could make a significant difference.

    Last October, the ECB’s Governing Council decided to take concrete steps towards interlinking TIPS with other fast payment systems to improve cross-border payments globally.[18]

    We will implement a cross-currency settlement service for the exchange of cross-border payments between TIPS and other fast payment systems worldwide.[19] This will allow us to explore interlinking TIPS with fast payment systems that have a compatible scheme, are interested in being involved and fully comply with the standards set by the Financial Action Task Force for combating money laundering and terrorist financing.

    In addition, we are exploring the possibility of creating bilateral and multilateral links with other fast payment systems.

    One possibility under consideration is connecting TIPS to a multilateral network of instant payment systems through Project Nexus, led by the BIS.[20] By joining Nexus, TIPS could serve as a hub for processing instant cross-border payments to and from the euro area and other countries that use TIPS.[21]

    We are also currently assessing the feasibility of creating a bilateral link between TIPS and India’s Unified Payments Interface[22], which handles the highest volume of instant payment transactions in the world[23].

    Interlinking fast payment systems has the potential to solve the shortcomings related to the messaging leg of cross-border transactions, by facilitating the message that the payer’s bank in country A sends to the payee’s bank in country B about the incoming transfer of funds. This would already go a long way towards improving the efficiency of cross-border payments.

    However, what interlinking does not fully resolve is the settlement leg, through which money moves from the payer’s to the payee’s account. This still requires a bank that has access to both payment systems that are interlinked, or a credit relationship between a bank in country A and a bank in country B. This is particularly challenging, given the increasing retrenchment of the correspondent banking model.

    In this context, we need to collectively exercise our creativity. I do not envisage a solution that could cover all possible corridors and use cases: there may be scope for tokenised forms of money, as well as a revival of the correspondent banking model, especially if we can reduce the associated risks.

    In the realm of sovereign money, jurisdictions could agree to use their respective central bank digital currencies as settlement assets. In this respect, the current draft legislation on the digital euro provides for an approach that respects the sovereignty of non-euro area countries and mitigates potential risks for them. It does so by opening the possibility for residents of a partner country to use the digital euro, subject to an agreement with that country, complemented by an arrangement between the ECB and the respective central bank.[24]

    Appropriate safeguards – such as individual holding limits for users – would ensure that the digital euro is used primarily as a means of payment and does not fuel currency substitution. Furthermore, the digital euro’s design would include multi-currency functionality, similar to that of TIPS. In practice, this means that non-euro area countries could use the digital euro infrastructure to offer their own digital currencies, thereby facilitating transactions across these currencies.

    Conclusion

    Let me conclude.

    We find ourselves at a pivotal moment for cross-border payments. If we want to make decisive progress and increase their efficiency, we need to work together to develop new solutions. We must, however, be aware of the risks that some of the alternatives on offer may pose.

    I would like to thank the BIS – and in particular the CPMI – for the active role they play in this area, not least by bringing us all together today, with representatives from A (Angola) to Z (Zambia). Each of us brings different needs and circumstances to the table. This raises two fundamental questions. What do we have in common? And what principles can guide our collective efforts?

    First, we must harness responsible innovation to solve persistent challenges while mitigating the risks I have noted today. Central banks – by ensuring the safety and integrity of payment systems – play an important role in this regard. And by interlinking fast payment systems and exploring the use of central bank digital currencies, we can address settlement inefficiencies while safeguarding monetary sovereignty and financial stability.

    Second, regional solutions can serve as a foundation for global progress. I have argued that regional payment integration can be an important part of the solution – provided it remains open to, and actively facilitates, interlinking at a global level. We firmly believe that this open, multi-currency interlinking approach can lay the groundwork for cheaper, faster and more transparent cross-border payments – without compromising the integrity, stability or sovereignty of the countries involved. By designing payment systems that are open, interoperable and multi-currency ready, we can ensure that regional initiatives contribute to global integration rather than fragmentation.

    Finally, collaboration is central to our collective success. Forums such as the CPMI community of practice, as well as today’s workshop, provide valuable opportunities for sharing knowledge and experiences. We will continue to find ways to work together to build resilient, inclusive and interconnected payment infrastructures that meet the needs of our people and economies. And we at the ECB remain committed to sharing our expertise and collaborating wherever we can add value.

    Thank you for your attention.

    MIL OSI Economics –

  • MIL-OSI Economics: Piero Cipollone: The quest for cheaper and faster cross-border payments: regional and global solutions

    Source: European Central Bank

    Speech by Piero Cipollone, Member of the Executive Board of the ECB, at the BIS Annual General Meeting

    Basel, 27 June 2025

    Cross-border retail payments are the subject of increasing attention. This is for two main reasons.

    First, they play a growing role in the world economy, as international transaction volumes have been increasing at a faster pace than GDP growth. However, despite some improvements in recent years, many payment corridors remain poorly served, which results in slow transaction times and high costs and ultimately hinders economic growth and social cohesion. Moreover, this inefficiency undermines the benefits of globalisation, as the economic gains from lower trade barriers are diverted into rents within cross-border payment markets, rather than benefiting the businesses and households that make use of them.

    Second, new risks are emerging. Geopolitical tensions, for instance, could lead to further fragmentation of global payment systems. Moreover, the expansion of stablecoins could introduce several additional challenges, including currency substitution risks and over-reliance on a limited number of dominant private issuers.

    This is not a situation we can accept passively. We need continuous efforts to enhance cross-border payments, in line with the G20 Roadmap.[1] And central banks, given their role in ensuring the smooth functioning of payment systems, have a major role to play. Significant work has already been undertaken at international level, notably by the Bank for International Settlements (BIS) and the Financial Stability Board (FSB).

    Today, I would like to share our experience with cross-border payments from a regional perspective, emphasising how regional payment infrastructures can be part of the solution. I will then discuss our vision for advancing cross-border payments at the global level.

    The case for enhancing cross-border retail payments

    Let me begin by underscoring the costs and risks of inaction.

    Over the past few decades, the world has witnessed a surge in cross-border payments, driven by the globalisation of trade, capital and migration flows. According to some estimates, the value of cross-border retail payments could grow from close to USD 200 trillion last year to USD 320 trillion by 2032.[2]

    Yet, the average cost of international retail payments remains high. For nearly one-quarter of global payment corridors, costs exceed 3%. And in too many cases, they are slow – one-third of retail cross-border payments took more than one business day to be settled in 2024.[3]

    Worryingly, there are signs that progress is stalling. The FSB’s 2024 progress report revealed no improvements in costs and noted a deterioration in both costs and speed compared with 2023.[4]

    Geopolitical tensions further compound these challenges, as they risk fragmenting global payment systems and undermining the rules-based international order. This could challenge established correspondent banking networks and lead to greater complexity, higher costs and, in a worst-case scenario, the splintering of the global payment system into multiple, non-communicating blocs.

    This raises three pressing issues.

    First, high costs and slow transaction times are hampering economic integration and growth, with small and medium-sized enterprises (SMEs) bearing the brunt. For SMEs operating on tight margins, exorbitant fees discourage them from participating in cross-border trade.

    Second, the world’s most vulnerable groups – such as migrant workers sending remittances home – shoulder a disproportionate share of these costs. In many regions, sending money internationally remains prohibitively expensive. For example, the average costs of remittances to sub-Saharan Africa and South Asia stand at 7.7% and 6.2% respectively.[5] As it stands, the global Sustainable Development Goal target of lowering remittance costs to 3% remains a distant goal. The impact that reducing these fees would have on financial inclusion and well-being cannot be overstated.

    Third, inefficiencies in cross-border payments have created a gap that alternative players, particularly in the crypto-asset space, are eager to fill. However, many of these solutions come with significant risks. Unbacked crypto-assets, for instance, are highly volatile and speculative in nature, creating risks for unsuspecting households and businesses and lending themselves to illicit activities.[6]

    Furthermore, stablecoins come with their own set of challenges, which the BIS described in detail in a special chapter of its Annual Economic Report published this week.[7] Stablecoins carry credit risk, making them susceptible to runs, and pose fragmentation risks due to the multitude of stablecoins being issued. Some of these could end up trading at a discount, undermining the singleness of money.[8] Moreover, because a small number of issuers currently dominate the market, this could also give rise to concentration risks. Lastly, a key concern is the prevalence of US dollar stablecoins, which currently account for 99% of the global stablecoin market.[9] These stablecoins provide an easy way to store value in dollars, considerably increasing the risk of currency substitution in the form of “digital dollarisation”.[10] This phenomenon could have destabilising effects, particularly on emerging markets and less developed economies by impairing the effectiveness of domestic monetary policy. It may also increase the risk of capital flight in response to adverse economic shocks.

    Enhancing cross-border retail payments at the regional and global level

    To address inefficiencies in cross-border payments, we must offer an alternative that connects various parts of the global payments system and delivers tangible benefits in terms of speed and cost. At the same time, this solution must respect the integrity, sovereignty and stability of all countries involved.

    At the ECB, we are pursuing this on two levels – regional and global.

    Regional cross-border payments: the European experience

    At the regional level, Europe serves as a compelling example of what an interconnected payments landscape might look like.

    Of course, this has been facilitated by the creation of a single European market and the establishment of a monetary union. One of the key reasons for creating the euro was to support trade and investment by facilitating cross-border transactions. And the launch of our single currency offered a first solution to pay throughout the euro area – in the form of euro cash.

    The logical next step was to develop European instruments for electronic euro payments. The Single Euro Payments Area (SEPA) emerged from close cooperation between the public and private sector to harmonise electronic euro transactions. As a result, individuals and businesses can make payments across the euro area at very low costs using credit transfers or direct debit.

    The success of SEPA led to its expansion beyond the euro area and even beyond the European Union. Today, customers in 41 European countries can make euro payments quickly, safely and efficiently via credit transfer and direct debit, just as they would for domestic transactions.

    We have also developed the TARGET Instant Payment Settlement (TIPS) service, which enables the settlement of instant payments across the euro area. Instant payments are further supported by a payment scheme – the SEPA Instant Credit Transfer scheme – that provides harmonised rules, standards and protocols. Moreover, EU legislation has made it mandatory for banks to allow their customers to send and receive instant payment at low cost.

    A key feature of TIPS is that it’s a multi-currency platform. Taking advantage of this, Sweden and Denmark are using TIPS to facilitate fast payments in their respective currencies.[11] Norway will do the same as of 2028.[12] Furthermore, we are implementing a cross-currency settlement service that will allow instant payments initiated in one TIPS currency to be settled in another. Initially, this service will support cross-currency payments between the euro area, Sweden and Denmark.[13]

    Within Europe, we are also supporting the Western Balkans in developing a regional fast payment system.[14] As a service provider for TIPS, the Banca d’Italia is collaborating with the central banks of Albania, Bosnia and Herzegovina, Kosovo and Montenegro to develop an instant, multi-currency payment system based on TIPS software. North Macedonia may join the initiative at a later stage.[15] The new platform will facilitate instant payments both within each participating country and across borders.

    Going global: interlinking fast payment systems

    This shows the potential for strengthening regional integration in payments. However, let me be clear: regional integration must not come at the expense of global connectivity. It should not be used as a means to sever ties with global payment networks.

    Our approach is that regional and global integration can go hand in hand through the interlinking of fast payment systems across regions and countries. Today, over 100 jurisdictions worldwide have implemented their own fast payment systems.[16] Interlinking these systems has the potential to address inefficiencies and build lasting connections that are rooted in trade openness and balanced relationships between partners.

    This approach offers several advantages. It would reduce costs, increase the speed and transparency of cross-border payments and shorten transaction chains. It would also enable payment service providers to conduct transactions without having to use multiple payment systems or a long chain of correspondent banks. Moreover, it would ensure that the platform for connecting and converting currencies is managed as a public good, thus avoiding closed loops and discriminatory pricing. Accordingly, the G20 Roadmap for Enhancing Cross-border Payments has identified interlinking as a key strategy for enhancing cross-border payments.[17] In this respect, the excellent work the Committee on Payments and Market Infrastructures (CPMI) is carrying out on payee verification could make a significant difference.

    Last October, the ECB’s Governing Council decided to take concrete steps towards interlinking TIPS with other fast payment systems to improve cross-border payments globally.[18]

    We will implement a cross-currency settlement service for the exchange of cross-border payments between TIPS and other fast payment systems worldwide.[19] This will allow us to explore interlinking TIPS with fast payment systems that have a compatible scheme, are interested in being involved and fully comply with the standards set by the Financial Action Task Force for combating money laundering and terrorist financing.

    In addition, we are exploring the possibility of creating bilateral and multilateral links with other fast payment systems.

    One possibility under consideration is connecting TIPS to a multilateral network of instant payment systems through Project Nexus, led by the BIS.[20] By joining Nexus, TIPS could serve as a hub for processing instant cross-border payments to and from the euro area and other countries that use TIPS.[21]

    We are also currently assessing the feasibility of creating a bilateral link between TIPS and India’s Unified Payments Interface[22], which handles the highest volume of instant payment transactions in the world[23].

    Interlinking fast payment systems has the potential to solve the shortcomings related to the messaging leg of cross-border transactions, by facilitating the message that the payer’s bank in country A sends to the payee’s bank in country B about the incoming transfer of funds. This would already go a long way towards improving the efficiency of cross-border payments.

    However, what interlinking does not fully resolve is the settlement leg, through which money moves from the payer’s to the payee’s account. This still requires a bank that has access to both payment systems that are interlinked, or a credit relationship between a bank in country A and a bank in country B. This is particularly challenging, given the increasing retrenchment of the correspondent banking model.

    In this context, we need to collectively exercise our creativity. I do not envisage a solution that could cover all possible corridors and use cases: there may be scope for tokenised forms of money, as well as a revival of the correspondent banking model, especially if we can reduce the associated risks.

    In the realm of sovereign money, jurisdictions could agree to use their respective central bank digital currencies as settlement assets. In this respect, the current draft legislation on the digital euro provides for an approach that respects the sovereignty of non-euro area countries and mitigates potential risks for them. It does so by opening the possibility for residents of a partner country to use the digital euro, subject to an agreement with that country, complemented by an arrangement between the ECB and the respective central bank.[24]

    Appropriate safeguards – such as individual holding limits for users – would ensure that the digital euro is used primarily as a means of payment and does not fuel currency substitution. Furthermore, the digital euro’s design would include multi-currency functionality, similar to that of TIPS. In practice, this means that non-euro area countries could use the digital euro infrastructure to offer their own digital currencies, thereby facilitating transactions across these currencies.

    Conclusion

    Let me conclude.

    We find ourselves at a pivotal moment for cross-border payments. If we want to make decisive progress and increase their efficiency, we need to work together to develop new solutions. We must, however, be aware of the risks that some of the alternatives on offer may pose.

    I would like to thank the BIS – and in particular the CPMI – for the active role they play in this area, not least by bringing us all together today, with representatives from A (Angola) to Z (Zambia). Each of us brings different needs and circumstances to the table. This raises two fundamental questions. What do we have in common? And what principles can guide our collective efforts?

    First, we must harness responsible innovation to solve persistent challenges while mitigating the risks I have noted today. Central banks – by ensuring the safety and integrity of payment systems – play an important role in this regard. And by interlinking fast payment systems and exploring the use of central bank digital currencies, we can address settlement inefficiencies while safeguarding monetary sovereignty and financial stability.

    Second, regional solutions can serve as a foundation for global progress. I have argued that regional payment integration can be an important part of the solution – provided it remains open to, and actively facilitates, interlinking at a global level. We firmly believe that this open, multi-currency interlinking approach can lay the groundwork for cheaper, faster and more transparent cross-border payments – without compromising the integrity, stability or sovereignty of the countries involved. By designing payment systems that are open, interoperable and multi-currency ready, we can ensure that regional initiatives contribute to global integration rather than fragmentation.

    Finally, collaboration is central to our collective success. Forums such as the CPMI community of practice, as well as today’s workshop, provide valuable opportunities for sharing knowledge and experiences. We will continue to find ways to work together to build resilient, inclusive and interconnected payment infrastructures that meet the needs of our people and economies. And we at the ECB remain committed to sharing our expertise and collaborating wherever we can add value.

    Thank you for your attention.

    MIL OSI Economics –

  • MIL-OSI United Nations: Meeting of States Parties to United Nations Convention on Law of Sea Held at Headquarters, 23-26 June

    Source: United Nations General Assembly and Security Council

    NEW YORK, 27 June (Division for Ocean Affairs and the Law of the Sea) — The thirty-fifth Meeting of States Parties to the United Nations Convention on the Law of the Sea was held at Headquarters from 23 to 26 June.  The background press release can be found at:  https://press.un.org/en/2025/sea2232.doc.htm and https://press.un.org/en/2024/sea2195.doc.htm.

    The Meeting elected Nguyen Minh Vu (Viet Nam) as President, by acclamation.  Milan Jaya Nyamrajsingh Meetarbhan (Mauritius), David Antonio Giret Soto (Paraguay), Laura McIlhenny (Australia) and Mykola Prytula (Ukraine) were elected as Vice-Presidents, also by acclamation.

    The Meeting took note of the annual report of the International Tribunal for the Law of the Sea for 2024, as well as the information reported by the Secretary-General of the International Seabed Authority and the Chairperson of the Commission on the Limits of the Continental Shelf, on the activities of these bodies since the thirty-fourth Meeting of States Parties held in 2024.

    In his capacity as Co-Coordinator of the Open-Ended Working Group on the Conditions of Service of Members of the Commission on the Limits of the Continental Shelf, John Pangipita (United Republic of Tanzania) delivered a report on its work since the thirty-fourth Meeting.  Following the resignation of Sidney Kemble (Netherlands), the Meeting decided to defer the consideration of the appointment of a Co-Coordinator of the Open-Ended Working Group from developed States until the thirty-sixth Meeting of States Parties and that the Working Group would continue to function for the time being under the coordination of Mr. Pangipita.

    The Meeting conducted a by-election for vacancies in the Commission allocated to members of the Commission from the Group of Eastern European States and the Group of Western European and Other States, electing Stig-Morten Knutsen (Norway) for a term of office commencing on the date of the election and ending on 15 June 2028.

    In the absence of other nominations, the Meeting decided in respect of the vacant seat allocated to members of the Commission from the Group of Eastern European States, which had remained unfilled since 2015, that the Secretary-General would circulate a call for nominations with a view to conducting elections at the thirty-sixth Meeting of States Parties in 2026, if the President received information about potential candidates no later than 1 March 2026.  If a candidate had not been identified by that date, the Group should transmit, by the same date, a proposal on how to address the ongoing vacancy.

    In its consideration of administrative and budgetary matters of the Tribunal, the Meeting took note of the report on budgetary matters for the financial periods 2023 and 2024 and the report of the external auditor for the financial period 2024.  The Meeting also decided to extend Indonesia and Canada as member and alternate member, respectively, of the staff pension committee of the Tribunal for a three-year term of office starting on 1 January 2026.

    Under article 319 of the Convention, the Meeting considered the reports of the Secretary-General for the information of States Parties on issues of a general nature, relevant to States Parties, which had arisen with respect to the United Nations Convention on the Law of the Sea (see A/79/340 and A/80/70).  In their interventions, delegations addressed a wide range of matters of relevance to oceans and the law of the sea.

    A more detailed account of the proceedings of the thirty-fifth Meeting of States Parties will be included in the report of the Meeting, to be issued in due course as document SPLOS/35/11.

    The United Nations Convention on the Law of the Sea, which was adopted on 10 December 1982, entered into force on 16 November 1994.  It sets out the legal framework within which all activities in the oceans and seas must be carried out and is of strategic importance as the basis for national, regional and global action and cooperation in the marine sector.

    For further information on the Meeting, including its documents, please see the website of the Division for Ocean Affairs and the Law of the Sea, Office of Legal Affairs, https://www.un.org/Depts/los/meeting_states_parties/meeting_states_parties.htm.

    MIL OSI United Nations News –

  • MIL-OSI United Kingdom: The UK stands ready to support steps towards a durable peace in DRC: UK statement at the UN Security Council

    Source: United Kingdom – Executive Government & Departments 3

    Speech

    The UK stands ready to support steps towards a durable peace in DRC: UK statement at the UN Security Council

    Statement by Ambassador James Kariuki, UK Deputy Permanent Representative to the UN, at the UN Security Council meeting on the Democratic Republic of the Congo.

    President, let me make three points.

    First, the United Kingdom commends efforts by the African Union, United States and Qatar to negotiate the peaceful resolution to the conflict and also commends the continued engagement of DRC and Rwanda.

    DRC and Rwandan Foreign Ministers have been meeting today in Washington to sign a peace agreement. 

    The UK welcomes this significant step forward on the road to a durable peace. 

    Focus will now rightly turn its swift implementation.

    And the UK stands ready to support this process.

    Second, the United Kingdom remains deeply concerned by the M23’s continued obstructions of MONUSCO’s ability to deliver its mandate.  

    We thank SRSG Keita for her continued engagement with the Security Council on this issue. 

    Though the M23 released MONUSCO fuel trucks earlier this month, the United Kingdom emphasises that all restrictions affecting the delivery of MONUSCO’s mandate should be lifted immediately, in line with resolution 2773 which was adopted unanimously by this Council.

    Third, the United Kingdom is concerned by the humanitarian crisis and significant protection challenges in eastern DRC. We remain committed to supporting the most vulnerable. 

    To this end, my Foreign Secretary announced an uplift of over $18 million in UK support to the humanitarian response in eastern DRC during his visit to Kinshasa earlier this year.

    We are also alarmed by the continued reports of summary executions and sexual violence.

    According to UNICEF, a child is reportedly raped every half hour in eastern DRC. 

    We urge all parties to uphold their obligations under international humanitarian law, including the protection of civilians and humanitarian access.

    President, it is time for diplomacy to deliver a long-term solution to conflicts in the Great Lakes region. 

    We now urge Rwanda and the DRC to engage in good faith on the implementation of the peace agreement in order to bring about a more secure and prosperous future. 

    One which the region has long worked towards, with the support of MONUSCO, and one which the people of the DRC greatly deserve.

    Updates to this page

    Published 27 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Proposed closure of Kinlochewe Primary School

    Source: Scotland – Highland Council

    On 26 June, The Highland Council took the decision to permanently close Kinlochewe Primary School.

    All school closures in Scotland must be ratified by Scottish Ministers.  The Council has notified Scottish Ministers of its decision. They have an 8-week period from the date of the Council’s decision to decide if they will intervene by issuing a call-in notice. Within the first 3 weeks of that 8-week period, they will take account of any relevant representations made to them by any person on whether the decision should be called in, or not called in, for review by a School Closure Review Panel. 

    Anyone wishing to make a representation to the Scottish Ministers is asked to email schoolclosure@gov.scot or write to the School Infrastructure Unit, Scottish Government, 2-D (S) Victoria Quay, Edinburgh EH6 6QQ, by midnight on Wednesday 16 July 2025 at the latest.

    Full details of the reasons for the recommendation are contained within the Final Report and associated papers, which can be accessed on the Council’s website.

    27 Jun 2025

    MIL OSI United Kingdom –

  • MIL-OSI Europe: Reinforcing global partnerships for development finance: EIB Group in Seville

    Source: European Investment Bank

    The European Investment Bank Group (EIB) President Nadia Calviño, Vice-President Ambroise Fayolle and Andrew McDowell Director General of EIB Global, the group’s specialised arm devoted to increasing the impact of international partnerships and development finance, will be leading the EIB’s delegation to the 4th United Nations International Conference on Financing for Development in Seville, Spain from Sunday, June 29th until Thursday, July 3rd.

    The EIB will announce new partnerships to boost g support for women’s health, entrepreneurship, and sustainable economic development across key global regions and sectors..contributing to the EU’s Global Gateway strategy for women’s empowerment and gender equality.

    The EIB will also join an initiative lead by the Government of Spain, the Debt Pause Clause Alliance, to promote debt pause clauses in vulnerable countries. In the past year, the EIB has introduced this possibility for more than 70 countries. The press conference on this will be livestreamed here on Tuesday July 1st at 3PM (CET).

    The EIB will join the initiative led by the Global Alliance Against Hunger and Poverty, which will focus on scaling up finance for climate-resilient social protection and smallholder agriculture, formalise a partnership with the World Food Programme (WFP) to bridge investment gaps and increase the impact of multilateral project financing, and renew its memorandum of understanding with the UN Food and Agriculture Organisation (FAO) to jointly transform food systems. The press conference on the initiative against poverty and hunger will be livestreamed here on Tuesday July 1st at 10:30AM (CET).

    Together with other multilateral development banks the EIB will launch a new report on water financing. As a top multilateral financier in the sector, the EIB will further strengthen its support for access to safe water for everyone, everywhere through its upcoming Water Resilience Programme, which foresees an investment of 15 billion euros from now to 2027. This is also in line with the commitment adopted by MDBs in December last year to significantly increase support for the water sector over the five years from 2025 to 2030, particularly in vulnerable regions. It serves as a great example of MDBs working together as a system.

    The EIB will also be convening, together with the Glasgow Financial Alliance for Net Zero (GFANZ), multilateral development banks and private sector leaders to boost concrete action for scaling up private investment in emerging markets and developing economies.

    The EIB will also be unveiling several new financing deals, that are part of the EU’s Global Gateway strategy, and Memorandums of Understanding with partners across the world, including UN agencies and fellow multilateral development institutions. The EIB will also publish its 2024 Global Impact Report during the Summit.

    “This is a very timely opportunity to reinforce Europe’s global partnerships for prosperity, win-win outcomes and peace, and to ensure that the most vulnerable are not left behind,” said President Calviño.

    In case of interview requests for EIB’s principals in Seville, please contact: 

    Monica Faro (m.faro@eib.org, +34 678 37 7117)

    Shirin Wheeler (s.wheeler@eib.org, +32 474 242 494)

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: New housing development completes in Balloch, Inverness

    Source: Scotland – Highland Council

    • Mixed-tenure homes help meet Inverness’s growing housing need
    • The Highland Council and HHA partnership delivers an attractive new community

    The first phase of Balloch’s highly-anticipated new housing development, located four miles east of Inverness, is officially complete and is now ready to welcome new residents.

    Delivered by local contractor IBI Joiners Ltd, the development is part of a joint initiative between Highland Housing Alliance (HHA) and The Highland Council to expand access to affordable housing across the region. The site offers a mix of homes for mid-market rent (MMR) and low-cost home ownership, supporting the Council’s commitment to meeting diverse housing needs.

    HHA has now taken handover of 12 semi-detached properties at the site. These two- and three-bedroom homes will be offered at MMR, with rental rates positioned between social housing and open market rents. This tenure is designed to support those who may not qualify for social housing but are priced out of the private rental sector.

    The Highland Council are delighted to present 33 properties for Council Rent consisting of 4 two-bedroom wheelchair accessible bungalows, 13 family homes ranging in size from two to four bedrooms, and 16 one- and two- bedroom cottage flats.  The 8 flats on the ground floor have all been designed to be wheelchair accessible.  A further 4 semi-detached three-bedroom family properties are offered for sale via Scottish Government’s LIFT Low Cost Home Ownership Scheme, administrated on the Council’s behalf by Highland Residential.

    Located within the popular and established Balloch community, the development enjoys excellent access to local amenities including a leisure centre, schools, and public transport – making it a well-connected and desirable location for individuals and families alike.

    All homes have been built to a high specification with modern fixtures and fittings and bright, attractive interiors. Each home benefits from private garden space and external power points should an EV Charger be required.  The development is set within landscaped grounds incorporating improved access into the Community Woodland to the north of the site, further enhancing the sense of place and community. 

    The development was funded by Scottish Government grant totalling £7,363,000 with the remainder funded by The Highland Council, Inverness and Highland City Region Deal, and Highland Housing Alliance.

    The first residents will begin moving into their homes from 26 June.

    Gail Matheson, Chief Executive at HHA, said: “The delivery of these new homes in Balloch marks an important milestone in our mission to provide more high-quality housing across the Highlands. Our strong and long-standing partnership with The Highland Council plays a key role in making this possible, helping us to deliver a diverse range of housing that reflects the needs of different age groups, income levels, and family situations across the region.”

    Cllr Glynis Campbell Sinclair, The Highland Council – Housing and Property Committee Chair, said:  “I am delighted that Highland Council, working in partnership with Highland Housing Alliance and Highland-based builders and contractors, has successfully delivered the first phase of this much-anticipated housing development in Balloch.  The new properties are located in a sought-after area of Inverness and provide a welcome addition to the Council’s commitments to provide sustainable and energy efficient affordable social rental homes.

    “Equally, the diverse range of property types and sizes included within the development makes these homes suitable for those with additional accessibility needs, in addition to families and individuals.

    “The Highland Council, as part of its commitment to meeting the Highland housing challenge, will continue to work collaboratively alongside partners to build a portfolio of housing stock to enable people to have viable options available to them.”

    Housing Secretary Màiri McAllan said:  “Housing of the right type in the right place, can have a transformational impact. The delivery of these high quality, energy efficient, affordable homes will support people to stay in the communities they grew up in as well as help local businesses to retain and attract employees. 

    “The Scottish Government is pleased to have supported this development with more than £5 million in grant funding and we will continue to work with partners to increase the delivery of more affordable homes. This is all part of our work to deliver 110,000 affordable homes across Scotland by 2032, with at least 70% for social rent and at least 10% in our rural and island communities.”

    All images by Paul Campbell Photography.

    MIL OSI United Kingdom –

  • MIL-OSI USA: Congresswoman Laurel Lee Introduces Bill to Help Holocaust Survivors and Families Reclaim Stolen Art

    Source: United States House of Representatives – Congresswoman Laurel Lee – Florida (15th District)

    Washington, D.C. – Today, Congresswoman Laurel Lee (FL-15) introduced the Holocaust Expropriated Art Recovery (HEAR) Act Improvements of 2025, a bipartisan bill that will help Holocaust survivors and their families reclaim artwork stolen by the Nazis. The bill removes the upcoming 2026 expiration date from the original law and makes key updates to ensure that survivors’ claims are heard fairly in court.

    Congresswoman Lee is joined by Scott Fitzgerald (WI-05), Jerrod Nadler (NY-10), Maggie Goodlander (NH-2), and Jamie Raskin (MD-08). Senator John Cornyn (R-TX) is leading the companion legislation in the Senate.

    “The Nazi regime stole not only lives but legacies, including cultural and family treasures that carry deep personal and historical meaning,”said Congresswoman Lee. “This bill ensures that families who lost everything during the Holocaust are given a fair shot at justice. These claims should be decided on the truth, not on legal loopholes or paperwork deadlines. With this legislation, we reaffirm our commitment to standing with Holocaust survivors and their families. They deserve to have their stories heard and their property returned. It’s never too late to do the right thing.”

    “Justice delayed should not be justice denied, especially for Holocaust survivors and their families,” said Congressman Scott Fitzgerald. “This bill ensures they can continue seeking justice in U.S. courts, without being blocked by procedural loopholes. We have a responsibility to uphold the rule of law and stand with those still fighting to recover what was wrongfully taken during one of history’s darkest chapters.”

    “During the Holocaust, the Nazis stripped Jewish families of countless works of art, culture, and heritage. The effects of these atrocities are still being felt today by survivors and their families,” said Rep. Jerry Nadler (NY-12). “I was proud to be a lead sponsor of the HEAR Act when it passed in 2016 and am proud to help lead my colleagues in reintroducing the bill today. As a matter of principle, we affirm that in the United States, everyone who has a credible claim deserves to have their day in court. This bill realizes that principle and ensures that every family has the right to a fair and just process based solely on the merits of their claim. We cannot fix the past, but this bill is a promise to the victims of the Holocaust that the United States is committed to creating a fair judicial process for the return of property that was wrongfully stolen during the darkest period of human history.” 

    “The Nazis murdered more than 6 million Jews, including 1.5 million children under the age of 12.  Looting art and other possessions from Jewish families was an essential part of Hitler’s concerted plan to annihilate the Jewish people. To allow museums here and in Europe, and foreign governments to keep Nazi looted art perpetuates the crimes of the Nazi regime, and demeans the memory of six million Jewish souls.  We applaud Congress for making sure that families can recover their treasured legacies, and that the true history of the Nazis’ brutal campaign of murder and theft cannot be erased or trivialized by the scoundrels who refuse to return looted art,”David Schaecter, Holocaust survivor and President of the Holocaust Survivors Foundation USA. 

    “This legislation renews and strengthens the HEAR Act, which is set to expire, by closing critical loopholes and addressing key oversights. It reaffirms our commitment to ensuring that rightful owners of Nazi-looted art—and their families—receive the restitution they are owed. Any museum that knowingly retains stolen works is complicit in perpetuating the injustice inflicted on Holocaust victims. We have both a moral and legal obligation to correct these wrongs and to ensure the crimes of the Holocaust are neither forgiven nor forgotten,”Joel Greenberg, President of Art Ashes.

    “We strongly support this legislation.  Each artwork or object taken during the Holocaust is more than property – it holds the memory of a life, a family, a community culture. Restituting these items is not simply about returning possessions; it is about restoring history, identity, and a measure of justice to those who lost everything,”said Gideon Taylor, President of World Jewish Restitution Organization (WJRO).

     

    Background: 

    The original HEAR Act was passed in 2016 to provide families with a fair opportunity to recover art looted by the Nazis during World War II. It created a six-year window for legal claims, starting from the time a family discovers where their stolen art is located. The law was meant to ensure that cases are decided based on facts, not thrown out due to complicated legal deadlines. However, in recent years, some courts have dismissed these claims using time-based technical defenses, which goes against the original purpose of the law. 

    The new bill eliminates the 2026 “sunset clause,” which would have ended the protections offered by the HEAR Act. It also makes clear that as long as a family files within six years of discovering their artwork’s location, their case cannot be dismissed simply because of how much time has passed. This change is especially important as the number of living Holocaust survivors continues to decline.

    The bill also responds to a 2021 Supreme Court ruling (Federal Republic of Germany v. Philipp) that made it harder to sue foreign governments involved in looting or holding art stolen during the Holocaust. Under this legislation, families will be able to bring claims in U.S. courts as long as the foreign government or museum has ties to the United States. The bill also blocks other legal defenses that could be used to avoid facing the facts in court and allows families to sue foreign defendants if they have any significant contact with the U.S., not just in one state.

    The bill is supported by a wide range of respected organizations, including: Art Ashes, Agudath Israel of America, American Jewish Committee (AJC), Anti-Defamation League (ADL), Bet Tzedek – House of Justice, Christians United for Israel (CUFI) Action Fund, Creative Community for Peace, Dallas Holocaust and Human Rights Museum, Florida Holocaust Museum, Holocaust Center for Humanity (Seattle), Holocaust Museum Houston, Holocaust Museum LA, Holocaust Survivors Foundation USA, Illinois Holocaust Museum & Education Center, Jewish Federations of North America (JFNA), Jewish Women International (JWI), Museum of Jewish Heritage – A Living Memorial to the Holocaust (New York), Nancy & David Wolf Holocaust & Humanity Center (Cincinnati), Raoul Wallenberg Centre for Human Rights, StandWithUs, The Jewish Council for Public Affairs (JCPA), Weitzman National Museum of American Jewish History, World Jewish Congress, and the World Jewish Restitution Organization (WJRO).

    MIL OSI USA News –

  • MIL-OSI Russia: One person killed, two injured in shooting in southern Poland

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    WARSAW, June 27 (Xinhua) — At least one person was killed and two others were injured in a shooting in southern Poland on Friday morning, Polish television channel Polsat News reported.

    According to the TV channel, the incident occurred at around 10:00 local time /08:00 GMT/ in the village of Stara Wieś, located in the Limanowski district of the Lesser Poland Voivodeship.

    Police spokeswoman Jolanta Batko confirmed that three people had been shot dead.

    Authorities said the suspect fled into nearby woods and a major manhunt is underway. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Three killed in tourist plane crash in France

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    PARIS, June 27 (Xinhua) — A tourist plane belonging to an aeroclub crashed in the commune of Chamfoll in north-central France on Friday afternoon, killing all three people on board.

    The single-engine Cessna 172 crashed in a residential area just after 4 p.m. local time, narrowly missing nearby houses, according to authorities in the Eure-et-Loir department.

    The plane crash killed two men and one woman.

    The crash site was quickly cordoned off by emergency services. An investigation is underway under the direction of the Air Transport Gendarmerie and the National Police. –0–

    MIL OSI Russia News –

  • MIL-OSI: BTC Miner Offers Passive Income Platform with Million-Dollar Potential

    Source: GlobeNewswire (MIL-OSI)

    New York City, June 27, 2025 (GLOBE NEWSWIRE) — BTC Miner, a leading global cloud mining platform, officially launches a new high-yield cloud mining contract, providing digital asset holders with a passive income channel that requires no trading and is immune to market fluctuations, with daily earnings potential of up to $1 million.

    Increasing Market Volatility Drives High Demand for Stable Income

    As the cryptocurrency market experiences frequent volatility, the prices of major digital assets like Bitcoin, Ethereum, Ripple, and Dogecoin have fluctuated dramatically, leading to market panic and forcing many investors to exit or suffer significant losses. In response to this, BTC Miner has introduced a new high-yield cloud mining contract. Operating based on a smart contract mechanism, it is independent of price fluctuations, allowing investors to earn stable returns without any trading activities. Regardless of market volatility, BTC Miner ensures daily returns of up to $1 million, addressing investors’ need for steady income in a turbulent market.

    $500 Registration Bonus and Referral Reward Mechanism for Increased Earnings

    To further encourage new users to join and expand their investment options, BTC Miner offers a $500 registration bonus. New users can use this $500 to purchase a contract and start mining immediately. Additionally, BTC Miner has implemented a referral reward mechanism where users can earn 7% of the investment amount from those they refer, accelerating their earning potential.

    FCA Certification Ensures Security and Compliance

    BTC Miner is a fully FCA-regulated platform, ensuring compliance and providing a secure environment for investments. All user information and funds are encrypted with SSL technology, and the platform offers insurance for every investment, ensuring full protection for user funds.

    How to Earn on BTC Miner

    Through BTC Miner: https://btcminer.net to register as a member, investors can select from various contract plans, earning passive income daily. The platform supports multiple cryptocurrency payments, including USDT-TRC20, BTC, ETH, LTC, USDC, XRP, USDT-ERC20, BCH, DOGE, and SOL (Solana). Users simply choose a plan, and the system automatically manages mining operations and profit distribution. Earnings are settled daily and directly deposited into your account, without concerns about market volatility.

    Investor Testimonials: Real Stories of Earnings with BTC Miner

    “I invested in BTC Miner’s cloud mining contract, and the platform is easy to use with stable returns. Despite market fluctuations, my earnings have remained unaffected.” — John, an investor from the United States.

    “I used BTC Miner’s referral reward mechanism, earning additional income by inviting friends. The stable monthly returns provided by the platform have greatly boosted my confidence in investing.” — Sarah, an investor from the United Kingdom.

    Conclusion

    In an uncertain market, BTC Miner provides a secure, stable investment opportunity, allowing investors to earn sustainable passive income without worrying about market volatility. If you’re looking for steady returns in the cryptocurrency space, BTC Miner is your trusted platform.

    Register now, get a $500 bonus, and start your cloud mining journey today!

    For more details, visit: https://btcminer.net


    Media Contact
    Name: Kevin Byers
    City/Country: California, USA
    Email: info@btcminer.net
    Website: https://btcminer.net

    Attachment

    The MIL Network –

  • MIL-OSI Canada: Defence Minister McGuinty concludes productive visit to Europe

    Source: Government of Canada News (2)

    June 27, 2025 – Riga, Latvia – National Defence / Canadian Armed Forces

    Yesterday, the Honourable David J. McGuinty, Minister of National Defence, concluded a successful visit to Latvia, where he met with Latvian Minister of Defence Andris Sprūds, participated in a flower laying ceremony, and attended the first Transfer of Command Authority ceremony of the Canada-led North Atlantic Treaty Organization (NATO) Multinational Brigade in Latvia (MNB-LVA) since its establishment last year.

    During his meeting in Riga, Minister McGuinty reaffirmed Canada’s unwavering commitment to NATO’s deterrence and defence posture through the MNB-LVA. The Ministers discussed concrete opportunities to deepen defence cooperation following Canada’s June 9 defence investment announcement and underscored the importance of closer collaboration through initiatives such as Readiness 2030 (formerly ReArm Europe).

    Minister McGuinty also attended the MNB-LVA Transfer of Command Authority ceremony at Ādaži Military Base, which saw Colonel Kris Reeves assume command of the 14-nation Brigade from Colonel Cédric Aspirault. The Minister was joined by Minister Sprūds, Lieutenant-General Steve Boivin, Commander of the Canadian Joint Operations Command, and Major General Jette Albinus, Commander of Multinational Division North, among other distinguished guests. Minister McGuinty also took the opportunity to thank Canadian Armed Forces (CAF) members deployed in Latvia for their dedication and service.

    This historic transition marks a milestone in Canada’s contribution to NATO’s largest reinforcement to collective defence in a generation. Canada’s contributions to the Brigade support Operation REASSURANCE, the CAF’s largest overseas mission, which plays a critical role in NATO’s deterrence and defence posture in Central and Eastern Europe.

    Prior to his visit to Latvia, Minister McGuinty joined Prime Minister Mark Carney and Minister of Foreign Affairs Anita Anand at the Canada-European Union (EU) and NATO Summits, where they reaffirmed Canada’s commitment to European defence and reinforced Canada’s support for Ukraine.

    At the Canada-EU Summit, Ministers McGuinty and Anand signed the Canada-EU Security and Defence Partnership (SDP), strengthening Canada-EU ties and enhancing security cooperation. The SDP provides a framework for dialogue and co-operation in security and defence priorities. For Canada and the EU Member States who are also NATO Allies, this will help deliver on capability targets more quickly and economically. This new partnership is the first step toward Canada’s participation in Security Action for Europe (SAFE), an instrument under Readiness 2030, which will create significant defence procurement and industrial opportunities for Canada.

    On the margins of the Canada-EU Summit, Minister McGuinty met with Belgian Minister of Defence Theo Franken as well as High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission Kaja Kallas. Together, they highlighted the importance of transatlantic security and welcomed the signature of the Canada-EU SDP.

    At the NATO Leaders’ Summit on June 24–25, in The Hague, Prime Minister Carney and Minister McGuinty reaffirmed Canada’s strong commitment to NATO and Euro-Atlantic security. Alongside their counterparts, they endorsed a new Defence Investment Pledge—outlined in the Leaders’ Declaration—committing Allies to invest five percent of GDP in defence by 2035, including at least 3.5 percent for core military spending and 1.5% for defence-related expenditures.

    Minister McGuinty also held several bilateral meetings with key Allies to advance defence cooperation. On June 24, he signed a Letter of Intent (LOI) for Canada to join a NATO project regarding cooperation on establishing a multinational capacity for stockpiling of defence critical raw materials. This project will help showcase Canada’s advantage in critical minerals, while supporting Canadian defence industries and improving supply chain security across the Alliance.

    Minister McGuinty also joined Danish Defence Minister Troels Lund Poulsen, German Defence Minister Boris Pistorius, and Norwegian Defence Minister Tore O. Sandvik in signing a LOI welcoming Denmark to the Maritime Security Partnership (MSP). It was established between Canada, Germany, and Norway on the margins of last year’s NATO Summit in Washington, D.C. This expanded cooperation builds on the MSP’s core pillars—innovation, materiel cooperation, industry resilience, and joint training—and strengthens maritime security in the North Atlantic. 

    MIL OSI Canada News –

  • MIL-OSI United Nations: 27 June 2025 Departmental update Partners unite to launch WHO Disability Health Equity

    Source: World Health Organisation

    WHO has launched the WHO Disability Health Equity Initiative, a landmark global initiative to advance health equity for over 1.3 billion people with disabilities.

    Unveiled on 10 June 2025, at the United Nations Headquarters in New York during the 18th session of the Conference of States Parties to the Convention on the Rights of Persons with Disabilities, the initiative marks a bold step toward achieving health equity for all. The initiative aims to guide governments, health institutions, and communities in addressing barriers to care, promoting inclusive policies, and strengthening data and research on disability and health. Over 150 participants—government leaders, civil society, academia, and persons with disabilities—gathered in person, while many more joined online.

    Darryl Barrett, WHO’s Technical Lead on Disability presented a bold vision for the initiative. He discussed persistent systemic failures – political inaction, underinvestment, fragmented collaboration, and the exclusion of organizations of persons with disabilities – as critical barriers to progress. “Health systems are not fit-for-purpose,” Barrett said. “If we agree on Health for All, then we must agree that services must be inclusive and accessible. Right now, we can’t say that with confidence.”

    The Initiative is built around four strategic pillars:

    1. Leadership by persons with disabilities and their organizations
    2. Political prioritization of disability-inclusive health
    3. Inclusive health systems and service delivery
    4. Strengthening data and evidence

    Barrett also outlined how this new initiative will facilitate strategic engagement with key partners to advance health equity for persons with disabilities, including through a multi-stakeholder network, partnerships with the private sector, technical guidance development, and support for country-level implementation. He emphasized that WHO’s work has been shaped by years of collaboration with diverse partners, including organizations of persons with disabilities. “We at WHO haven’t done this by ourselves,” Barrett noted. “The strong presence of partners – both in the room and online – reflects the shared commitment needed to drive meaningful, lasting change.”

    David Duncan, Special Olympics athlete and Chair of the Global Athlete Leadership Council, delivered a powerful testimony about the discrimination people with intellectual and developmental conditions often face in health care. “Invisible, unknown, disrespected… but I know it’s possible to do better – and that’s something everyone deserves,” Duncan said.

    Norway’s Minister of Culture and Equality, Lubna Jaffery, issued a powerful call to action, urging governments to close health access gaps and uphold the rights of persons with disabilities. Emphasizing access to health services, reproductive autonomy for women with disabilities, and expanded availability of assistive products, Jaffery affirmed Norway’s leadership in disability-inclusive development. “Inclusion is not just a policy, it is a principle and we are committed to making it a reality for all.”

    Sweden’s Director-General of the Agency for Participation, Malin Ekman-Aldén, echoed this commitment, stressing that advancing health equity for persons with disabilities is a human rights imperative. She highlighted Sweden’s continued investments in inclusive development and welcomed the WHO initiative as a key driver of accountability, better data, and systemic change.

    Dirk Platzen, Director at Australia’s Department of Foreign Affairs and Trade, underscored the need for political leadership in building inclusive health systems. Introducing Australia’s new International Disability Equity and Rights Strategy, he called for recognition of health as a fundamental human right, not a privilege.

    Representing Germany, Michael Schloms of the Ministry for Economic Cooperation and Development emphasized international collaboration, sustainable financing, and shared responsibility. Reflecting on Germany’s experience hosting global disability events and co-leading the Global Disability Summit, he reaffirmed support for the initiative and the Amman-Berlin Declaration.

    Speakers from civil society, funding agencies, and academia highlighted the importance of funding, civil society engagement, and academic research in sustaining momentum and ensuring accountability. Ola Abualghaib, Director of the Global Disability Fund, emphasized the Fund Strategy’s alignment with the new WHO initiative. Hannah Loryman, Co-Chair of the International Disability and Development Consortium UN Task Force, stressed the vital role of civil society in advocacy, technical input, and accountability. Bonnielin Swenor, Director of the Disability Health Research Center at Johns Hopkins University, highlighted academia’s responsibility to advance disability health equity through inclusive research, education, and community engagement. She called for a paradigm shift from “living with a disability” to “thriving with a disability,” driven by data and implementation science.

    This initiative offers a pathway to making better choices – choices that ensure dignity, autonomy, and the right to health for all persons with disabilities.

    Jarrod Clyne / Deputy Director of the International Disability Alliance

    Audience members raised critical issues including the need for sustainable health system funding in humanitarian crises, the inclusion of Deaf people and persons with a psychosocial condition, the importance of training health professionals, digital health acccessibility, and support for independent living – highlighting the diverse and intersectional challenges that must be addressed to achieve true health equity for persons with disabilities.

    Jarrod Clyne, Deputy Executive Director of the International Disability Alliance, closed the event by stressing the importance of persistence, partnership, and shared responsibility. “This initiative offers a pathway to making better choices – choices that ensure dignity, autonomy, and the right to health for all persons with disabilities,” he said.

    MIL OSI United Nations News –

  • MIL-OSI Analysis: Climate, conflict and energy security – our research shows how the EU’s industrial policy must change to face this polycrisis

    Source: The Conversation – UK – By Richard Bärnthaler, Lecturer (Assistant Professor) in Ecological Economics, University of Leeds

    Green energy sites like Flevoland in the Netherlands will be part of the EU’s industrial future. fokke baarssen/Shutterstock

    Industrial policy is back – it’s currently central to the agendas of both the EU and the UK. This resurgence comes amid a polycrisis marked by climate breakdown, social inequality, energy insecurity and geopolitical instability. And it reflects a wider shift. Governments across G20 countries are stepping in more actively to shape their economies, moving away from the idea that markets should be left to run themselves.

    This is an important development. But current frameworks for industrial policy risk deepening the crises they are meant to solve.

    In our research with Sebastian Mang of the New Economics Foundation, we have found that in the case of the EU, its industrial policy framework is riddled with contradictions.

    It seeks resilience, yet fails to strengthen essential public services that underpin stability. It aims for strategic autonomy, yet reinforces resource dependencies. And while it gestures towards sustainability, it remains tethered to private-sector strategies that delay the phase-out of harmful industries.

    Eroding foundations

    EU industrial policy aims to strengthen the resilience of the bloc’s single market by preventing supply chain disruptions. It rightly views Europe’s economy as an interconnected ecosystem, where shocks in one sector ripple across others. But it fails to prioritise the foundational sectors that sustain everyday life. These include essential services such as food, utilities, housing, healthcare and public transport.

    Two core issues drive this failure. First, deregulation in the single market has often extended to essential services, pushing providers to operate like private businesses. For example, liberalisation of the energy sector has contributed to volatile prices and energy poverty. And EU competition law and state aid rules have historically constrained social housing provision.

    Yet social resilience — the capacity of communities to withstand and recover from crises — and, by extension market resilience, rely on these essential services. But affordable housing, universal healthcare and affordable energy for households are often not prioritised.

    Second, EU industrial policy lacks a clear definition of which sectors are “critical” and why. This results in inconsistent lists of priority industries and technologies, while foundational sectors like energy and housing often remain overlooked.

    These blind spots have real consequences. Around 40% of Europe’s workforce is employed in foundational sectors. These sectors are where low-income households spend about two-thirds of their income. Yet they often remain precarious and undervalued, leaving Europe more exposed to economic shocks.

    To build real resilience, industrial policy must reassert public control over essential services and recognise them as priorities. This means redefining what counts as “critical”, supporting jobs in foundational sectors and accelerating public investment. This investment could be enabled through measures such as reforming the fiscal rules and with joint borrowing by member states.

    The scramble for resources

    Europe is pushing for strategic autonomy (the capacity of the bloc to act in strategically important areas, without being dependent on non-member countries). The aim is to reduce reliance on imports in key industries such as green technology.

    But to make this happen, the EU should put reducing demand for resources and energy at the centre of its industrial policy. Instead, however, its Critical Raw Materials Act foresees skyrocketing consumption of rare earths, lithium and other inputs.

    This strategy is self-defeating. It increases the likelihood of European aggression towards the rest of the world and ultimately threatens long-term security and peace for all. These tensions are already surfacing. Export restrictions on things such as nickel, cobalt and rare earth minerals are multiplying. In an era of geopolitical ruptures, these tendencies are likely to intensify.

    At the same time, resource conflicts are also escalating within Europe itself. Tensions are emerging in countries including Serbia, Portugal and Greece over lithium and copper, and the environmental and social costs of mining them. And indigenous communities such as the Sámi in northern Europe face threats to their land and rights.

    This is not to argue against increasing the extraction of raw materials within Europe. However, without an absolute reduction in energy and material use, these contradictions will deepen. To avoid these problems, the EU must centre industrial policy on reducing unnecessary demand. Some key moves could include investing in public transport instead of subsidising cars, prioritising retrofitting over new building, ending planned obsolescence and backing agro-ecology over industrial farming.

    Investing in public rather than private transport will help European nations reduce their demand on energy and materials.
    The Global Guy/Shutterstock

    Research shows that this kind of strategy could significantly lower Europe’s energy use. It could also drastically cut reliance on critical imports and contribute to achieving energy independence by 2050. This is all without compromising basic quality of life.

    If Europe wants peace and security, demand reduction is a rational approach that must be at the heart of the EU’s industrial strategy. This should be adopted alongside strengthening ties of cooperation and integration with the rest of Eurasia and the global south, rather than ramping up antagonism towards these neighbours.

    Green transition

    The EU’s vision of “competitive sustainability” rests on the belief that market incentives and the private sector can drive the green transition. Yet despite decades of efficiency improvements, high-income countries have not decoupled material use and emissions from economic growth at the speed and scale required.

    The EU remains reliant on derisking – using public subsidies, guarantees and looser regulations to make green investments attractive to private finance. But as this approach leaves both the pace and direction of change to private capital, it slows the phase-out of harmful industries.

    What’s missing is more effective economic planning to restore public control over decarbonisation. Achieving this means building on existing mechanisms capable of delivering change — such as public credit guidance. This sets rules to limit the flow of finance from commercial banks to damaging sectors while directing investment toward sustainable ones.

    China offers an example whereby the central bank has used public credit guidance to shift finance to cleaner sectors. The European Central Bank also experimented with credit guidance between 2022 and 2023, introducing climate scores for companies. And post-war France used planned credit to modernise infrastructure over two decades.

    Europe and the UK are rearming, climate shocks are intensifying and global power dynamics are shifting. This moment demands a new industrial strategy — one that prioritises foundational sectors and creates fiscal space to build resilience. Reducing demand must be a prerequisite for security, peace and strategic autonomy. And reviving economic planning tools, such as public credit guidance, can accelerate the green transition.

    Without these shifts, Europe and the UK face an increasingly unstable future. Industrial policy must change because the stakes are existential.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Climate, conflict and energy security – our research shows how the EU’s industrial policy must change to face this polycrisis – https://theconversation.com/climate-conflict-and-energy-security-our-research-shows-how-the-eus-industrial-policy-must-change-to-face-this-polycrisis-259477

    MIL OSI Analysis –

  • MIL-OSI Analysis: Climate, conflict and energy security – our research shows how the EU’s industrial policy must change to face this polycrisis

    Source: The Conversation – UK – By Richard Bärnthaler, Lecturer (Assistant Professor) in Ecological Economics, University of Leeds

    Green energy sites like Flevoland in the Netherlands will be part of the EU’s industrial future. fokke baarssen/Shutterstock

    Industrial policy is back – it’s currently central to the agendas of both the EU and the UK. This resurgence comes amid a polycrisis marked by climate breakdown, social inequality, energy insecurity and geopolitical instability. And it reflects a wider shift. Governments across G20 countries are stepping in more actively to shape their economies, moving away from the idea that markets should be left to run themselves.

    This is an important development. But current frameworks for industrial policy risk deepening the crises they are meant to solve.

    In our research with Sebastian Mang of the New Economics Foundation, we have found that in the case of the EU, its industrial policy framework is riddled with contradictions.

    It seeks resilience, yet fails to strengthen essential public services that underpin stability. It aims for strategic autonomy, yet reinforces resource dependencies. And while it gestures towards sustainability, it remains tethered to private-sector strategies that delay the phase-out of harmful industries.

    Eroding foundations

    EU industrial policy aims to strengthen the resilience of the bloc’s single market by preventing supply chain disruptions. It rightly views Europe’s economy as an interconnected ecosystem, where shocks in one sector ripple across others. But it fails to prioritise the foundational sectors that sustain everyday life. These include essential services such as food, utilities, housing, healthcare and public transport.

    Two core issues drive this failure. First, deregulation in the single market has often extended to essential services, pushing providers to operate like private businesses. For example, liberalisation of the energy sector has contributed to volatile prices and energy poverty. And EU competition law and state aid rules have historically constrained social housing provision.

    Yet social resilience — the capacity of communities to withstand and recover from crises — and, by extension market resilience, rely on these essential services. But affordable housing, universal healthcare and affordable energy for households are often not prioritised.

    Second, EU industrial policy lacks a clear definition of which sectors are “critical” and why. This results in inconsistent lists of priority industries and technologies, while foundational sectors like energy and housing often remain overlooked.

    These blind spots have real consequences. Around 40% of Europe’s workforce is employed in foundational sectors. These sectors are where low-income households spend about two-thirds of their income. Yet they often remain precarious and undervalued, leaving Europe more exposed to economic shocks.

    To build real resilience, industrial policy must reassert public control over essential services and recognise them as priorities. This means redefining what counts as “critical”, supporting jobs in foundational sectors and accelerating public investment. This investment could be enabled through measures such as reforming the fiscal rules and with joint borrowing by member states.

    The scramble for resources

    Europe is pushing for strategic autonomy (the capacity of the bloc to act in strategically important areas, without being dependent on non-member countries). The aim is to reduce reliance on imports in key industries such as green technology.

    But to make this happen, the EU should put reducing demand for resources and energy at the centre of its industrial policy. Instead, however, its Critical Raw Materials Act foresees skyrocketing consumption of rare earths, lithium and other inputs.

    This strategy is self-defeating. It increases the likelihood of European aggression towards the rest of the world and ultimately threatens long-term security and peace for all. These tensions are already surfacing. Export restrictions on things such as nickel, cobalt and rare earth minerals are multiplying. In an era of geopolitical ruptures, these tendencies are likely to intensify.

    At the same time, resource conflicts are also escalating within Europe itself. Tensions are emerging in countries including Serbia, Portugal and Greece over lithium and copper, and the environmental and social costs of mining them. And indigenous communities such as the Sámi in northern Europe face threats to their land and rights.

    This is not to argue against increasing the extraction of raw materials within Europe. However, without an absolute reduction in energy and material use, these contradictions will deepen. To avoid these problems, the EU must centre industrial policy on reducing unnecessary demand. Some key moves could include investing in public transport instead of subsidising cars, prioritising retrofitting over new building, ending planned obsolescence and backing agro-ecology over industrial farming.

    Investing in public rather than private transport will help European nations reduce their demand on energy and materials.
    The Global Guy/Shutterstock

    Research shows that this kind of strategy could significantly lower Europe’s energy use. It could also drastically cut reliance on critical imports and contribute to achieving energy independence by 2050. This is all without compromising basic quality of life.

    If Europe wants peace and security, demand reduction is a rational approach that must be at the heart of the EU’s industrial strategy. This should be adopted alongside strengthening ties of cooperation and integration with the rest of Eurasia and the global south, rather than ramping up antagonism towards these neighbours.

    Green transition

    The EU’s vision of “competitive sustainability” rests on the belief that market incentives and the private sector can drive the green transition. Yet despite decades of efficiency improvements, high-income countries have not decoupled material use and emissions from economic growth at the speed and scale required.

    The EU remains reliant on derisking – using public subsidies, guarantees and looser regulations to make green investments attractive to private finance. But as this approach leaves both the pace and direction of change to private capital, it slows the phase-out of harmful industries.

    What’s missing is more effective economic planning to restore public control over decarbonisation. Achieving this means building on existing mechanisms capable of delivering change — such as public credit guidance. This sets rules to limit the flow of finance from commercial banks to damaging sectors while directing investment toward sustainable ones.

    China offers an example whereby the central bank has used public credit guidance to shift finance to cleaner sectors. The European Central Bank also experimented with credit guidance between 2022 and 2023, introducing climate scores for companies. And post-war France used planned credit to modernise infrastructure over two decades.

    Europe and the UK are rearming, climate shocks are intensifying and global power dynamics are shifting. This moment demands a new industrial strategy — one that prioritises foundational sectors and creates fiscal space to build resilience. Reducing demand must be a prerequisite for security, peace and strategic autonomy. And reviving economic planning tools, such as public credit guidance, can accelerate the green transition.

    Without these shifts, Europe and the UK face an increasingly unstable future. Industrial policy must change because the stakes are existential.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Climate, conflict and energy security – our research shows how the EU’s industrial policy must change to face this polycrisis – https://theconversation.com/climate-conflict-and-energy-security-our-research-shows-how-the-eus-industrial-policy-must-change-to-face-this-polycrisis-259477

    MIL OSI Analysis –

  • MIL-OSI Analysis: Why experts expect Russian interference in upcoming election on Ukraine’s borders

    Source: The Conversation – UK – By Stefan Wolff, Professor of International Security, University of Birmingham

    When Moldovans go to the polls in parliamentary elections on September 28, it will be the third time in less than a year – after a referendum on future EU membership and presidential elections last autumn.

    In both of the recent elections pro-European forces scraped to victory, thanks to a strong turnout among Moldovan diaspora voters, primarily in western Europe and north America. And in both elections, Russian interference was a significant factor. This is unlikely to change in the upcoming parliamentary vote. Moldova is too important a battleground in Russia’s campaign to rebuild a Soviet-style sphere of influence in eastern Europe.

    Wedged between EU and Nato member Romania to the west and Ukraine to the east, Moldova has its own aspirations for EU accession. But with a breakaway region in Transnistria, which is host to a Russian military base and “peacekeeping force” and whose population is leaning heavily towards Russia, this will not be a straightforward path to membership.

    What’s more, a Euro-sceptic and Moscow-friendly government after the next elections might allow the Kremlin to increase its military presence in the region and thereby pose a threat not only to Ukraine but also to Romania. While not quite equivalent to Russia’s unsinkable aircraft carrier of Kaliningrad, a more Russia-friendly Moldovan government would be a major strategic asset for Moscow.

    Unsurprisingly, Moldova’s president, Maia Sandu, and her Ukrainian counterpart, Volodymyr Zelensky have little doubt that further destabilisation is at the top of Russia’s agenda. Fears about a Russian escalation in the months before the elections are neither new nor unfounded.

    There were worries that Moldova and Transnistria might be next on the Kremlin’s agenda as far back as the aftermath of Russia’s illegal annexation of Crimea in 2014. These worries resurfaced when Moscow, rather prematurely, announced the beginning of stage two of its war against Ukraine in late April, 2022.

    Russia’s hopes of capturing all of southern Ukraine may not have materialised yet, but they are not off the Kremlin’s agenda. And a track record of false-flag operations in Transnistria and a coup attempt in Moldova do not bode well in the run-up to the elections.

    Knife-edge elections are nothing new in Moldova. The country is not only physically divided along the river Nistru, but even in the territory controlled by the government, opinions over its future geopolitical orientation remain split.

    With no pre-1991 history of independent statehood, parts of Moldova were part of Ukraine, Romania and the Soviet Union. Russian is widely spoken and, while declining in number, Moldovan labour migrants to Russia remain important contributors of remittances, which accounted for over 12 percent of the country’s GDP in 2023.

    A large number of Moldovans are, therefore, not keen on severing all ties with Russia. This does not mean they are supporters of Russia’s aggression against Ukraine or opponents of closer relations with the European Union. But as the referendum and presidential elections in October 2024, if pushed to make a choice between Russia and Europe and manipulated by Russian fear-mongering and vote buying, pro-European majorities remain slim.

    This is despite the significant support that the EU has provided to Moldova, including €1.9 billion (£1.6 billion) in financial support to facilitate reforms as part of the country’s efforts to join the EU. And there’s also nearly €200 million in military assistance over the past four years, including a €20 million package for improved air defences announced in April.

    Russian interference in the 2024 election was well documented.

    The EU has also provided several emergency aid packages to assist the country’s population during repeated energy crises triggered by Russia. Since then, the Moldovans and Brussels have agreed on comprehensive energy strategy that will make the country immune to Russian blackmail.

    This pattern of competitive influence seeking by Russia and the EU is long-standing and has not produced any decisive, lasting breakthroughs for either side.

    When the current president of Moldova, Maia Sandu, won in 2020, she defeated her opponent, Igor Dodon, by a decisive 58% to 42% margin, equivalent to some 250,000 votes that separated the candidates in the second round. Sandu’s Party of Action and Solidarity (PAS) obtained almost 53% of votes in the 2021 parliamentary elections and gained 63 seats in the 101-seat parliament. Not since the 2005 elections, won by the communist party under then-president Vladimir Voronin, had there been a a majority single-party government in Moldova. According to current opinion polls, PAS remains the strongest party with levels of support between 27% and 37%.

    In a crowded field of political parties and their leaders in which disappointment and doubt are the prevailing negative emotions among the electorate, Sandu and PAS remain the least unpopular choices. They have weathered the fall-out from the war in Ukraine well so far – managing the influx of refugees, keeping relations with Transnistria stable, and steering Moldova through a near-constant cost-of-living and energy crisis. Anti-government protests in 2022-23 eventually fizzled out.

    Russia’s election interference in 2024 was ultimately not successful in cheating pro-European voters out of their victories in the presidential elections and the referendum on future EU membership. But this is unlikely to stop the Kremlin from trying again in the run-up to parliamentary elections in September.

    Moscow will try to disrupt and delay Moldova’s already bumpy road to EU membership. A weakened pro-European government after parliamentary elections would be a very useful tool for Russia. Moldova and its European allies are in for an unusually hot summer.

    Stefan Wolff is a past recipient of grant funding from the Natural Environment Research Council of the UK, the United States Institute of Peace, the Economic and Social Research Council of the UK, the British Academy, the NATO Science for Peace Programme, the EU Framework Programmes 6 and 7 and Horizon 2020, as well as the EU’s Jean Monnet Programme. He is a Trustee and Honorary Treasurer of the Political Studies Association of the UK and a Senior Research Fellow at the Foreign Policy Centre in London.

    – ref. Why experts expect Russian interference in upcoming election on Ukraine’s borders – https://theconversation.com/why-experts-expect-russian-interference-in-upcoming-election-on-ukraines-borders-258445

    MIL OSI Analysis –

  • MIL-OSI United Kingdom: Policy review on the use of council property assets in the voluntary and community sectors

    Source: City of Preston

    A new Policy Statement has been introduced by Preston City Council to back the use of some Council-owned assets, buildings and land, to be used to support the voluntary and community sectors to deliver greater community benefit and social value.

    Preston City Council owns a number of building and land assets across the city, many of which are used to bring in money to support the essential services that the Council provides to residents and businesses.

    An extensive review has highlighted that some of these assets are of limited commercial value and can play a much more significant role supporting our voluntary, charities and faith sectors (VCFS) in our communities and local neighbourhoods.

    A decision has been made that a number of these assets become community centre assets on a long-term lease. VCFS organisations can benefit from a long-term lease to strengthen their bid applications to funding streams from organisations such as the National Lottery.

    Councillor Martyn Rawlinson, Deputy Leader and Cabinet Member for Resources at Preston City Council said:

    “Community and voluntary organisations across the city are doing and excellent job of delivery vibrant and essential centres of activity. Had these groups and organisations not stepped in, these vital community facilities would have been closed and lost for good. We want to thank these organisations for the support they give to our community and offer long term support to enable this to continue”

    The Council has also made the decision that 11 community sports pitches will also be agreed on a long-term peppercorn rental agreement of 10 years, when any current lease arrangement expire, provided operators can demonstrate that they meet the necessary management and maintenance requirements.

    Councillor Valerie Wise, Cabinet Member for Community Wealth Building said:

    “Using assets to deliver economic, social and environmental benefits and to contribute to the development of a sustainable and resilient local economy, is a key priority in Preston Council’s Community Wealth Building strategy.

    “This an important move to ensure Council owned buildings and land can remain viable, support and to best serve the community in which they are located to improve the overall health and wellbeing of our residents.”

    Other underused Council owned space in the city is also under consideration for VCFS uses for community benefit, subject to business plans and evidence of value for money. Similarly, the Council recognises there are other community organisations not occupying Council-owned properties who are delivering equally valuable services to our communities and the Council will explore ways to continue to support these organisations.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Sunderland Honours Armed Forces with City Hall Flag Raising Ceremony

    Source: City of Sunderland

    Sunderland marked Armed Forces Day with a flag raising ceremony at City Hall this morning (Friday 27 June), paying tribute to the courage and commitment of service personnel, past and present.

    The event, attended by veterans and members of the armed forces, civic leaders, and members of the public, began with a formal welcome from the Mayor of Sunderland, Councillor Ehthesham Haque. The Mayor praised the vital role of the armed forces and spoke of the city’s deep gratitude for their sacrifices.

    Mayor Councillor Haque said: “Today’s ceremony provides us all with the opportunity to pay tribute to all of those within the armed forces including their families and support organisations. Who continue to make a huge sacrifice and contribution for all of us.”

    Speeches followed from Councillor Harry Trueman, Armed Forces Champion at Sunderland City Council. Colonel Christopher Tearney, Deputy Lieutenant for Tyne and Wear, also paid tribute to the enduring values of service, dedication, and unity.

    Canon Clare MacLaren, Provost of Sunderland Minster and Mayor’s Chaplain, offered a blessing and led attendees in prayer before the raising of the Armed Forces Day flag.

    As part of the celebrations, residents are being invited to a free weekend of family fun at Seaburn Recreational Ground on Saturday 28 and Sunday 29 June. The Armed Forces Weekend event will feature military displays, live entertainment, and opportunities to meet service personnel—making it an unforgettable celebration for all ages.

    To find out more information about Armed Forces Weekend, visit Sunderland Armed Forces Weekend – MySunderland

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Extended Producer Responsibility for Packaging announcements. 

    Source: United Kingdom – Executive Government & Departments

    News story

    Extended Producer Responsibility for Packaging announcements. 

    2025 base fees, fee modulation policy statement, regulatory position statement and interim strategy available.

    In a significant step forward for industry, PackUK has released several publications central to the delivery of the UK’s Extended Producer Responsibility for Packaging (pEPR) scheme today (27 June 2025): 

    Confirmed 2025 Base Fees 

    PackUK has published the 2025 base fees for the Extended Producer Responsibility for packaging (pEPR) scheme, providing crucial certainty to producers ahead of the first invoices in October 2025.  

    Following three previous illustrative publications of estimated fees, these confirmed base fees represent a significant milestone in the implementation of the UK’s circular economy transition.  

    Nearly all fees have reduced compared with the illustrative base fees published in December, with glass down by 20 per cent. The reductions result from high levels of industry compliance with reporting obligations and extensive work across the regulators and PackUK to assure and validate the data provided. The 2025 base fees are calculated using packaging tonnages reported by producers for 2024 and local authority waste management costs. The methodology has been rigorously tested with stakeholders including producers, compliance schemes, and local authorities.  

    Alongside the confirmed base fees, PackUK has also published the Modulation Policy Statement, which outlines how fees will be adjusted from 2026 onwards to incentivise the use of more recyclable packaging.  

    The pEPR scheme forms the cornerstone of the UK’s packaging reforms, which the leaders of the UK’s largest waste management companies have said will support 25,000 jobs, stimulate more than £10 billion investment in recycling capability over the next decade and fund improvements to household recycling services across the UK.  

    Producers can access further guidance on the gov.uk website to understand how these fees will affect their businesses.

    PackUK will hold a Base Fees themed webinar on Thursday 10 July 2025 – You can sign-up to register your attendance.  

    Fee Modulation Policy Statement 

    PackUK has published its first Producer Fee Modulation Policy Statement for the Extended Producer Responsibility for packaging (pEPR) scheme. This policy represents a significant step forward in incentivising the use of environmentally sustainable packaging across the UK.  

    The new modulation policy establishes a clear three-year framework that will adjust producer fees based on packaging recyclability, as assessed through the Recyclability Assessment Methodology (RAM) ratings. Starting from the 2026/27 financial year, the policy will apply escalating modulation factors of 1.2x, 1.6x, and 2.0x over consecutive years.  

    What this means in practice:  

    • producers of RAM Green-rated (highly recyclable) packaging will benefit from steadily decreasing fees  

    • producers of RAM Red-rated (poorly recyclable) packaging will face progressively higher fees  

    • special provisions apply for medical packaging where regulatory requirements limit recyclability options  

    This approach maintains the total revenue generated by pEPR fees while creating meaningful financial incentives for producers to switch to more recyclable packaging options. By setting out a three-year plan, the policy provides industry with the certainty needed to make informed investment decisions and operational changes.  

    The modulation policy directly supports the core principles underlying the pEPR scheme – ‘polluter pays’, rectification at source, and prevention. It ensures that producers creating less environmentally sustainable packaging bear appropriate financial responsibility, while rewarding those making positive choices.  

    PackUK is committed to further research to potentially incorporate additional environmental sustainability factors in future policy iterations, continuing to drive innovation and improvement in packaging design across the UK.  

    Regulatory Position Statement  

    In response to industry feedback regarding the time and resource required to meet their 2025 recyclability assessment obligations, the four nations environmental regulators have published a Regulatory Position Statement (in Wales, a Regulatory Decision) providing additional flexibility for producers during this transition.  

    This aims to ease the burden while maintaining the commitment to introduce modulated pEPR fees from the 2026–2027 assessment year. While producers must still report tonnages for the first half of 2025 including flexible and rigid plastics separately, their recyclability assessment obligations for this period can be extrapolated from second-half data.  

    The initial modulation policy statement covers the three years from assessment year 2026/27 until 2028/29. During this period, fee modulation will be initially based on recyclability only through the Recyclability Assessment Methodology (RAM).    

    Following this and in line with the requirement for a review of modulation after three years, PackUK will research how modulation might incorporate additional sustainability factors, with the possibility of incorporating these into modulation after this period.  

    PackUK interim strategy 

    In setting up the pEPR scheme PackUK, as Scheme Administrator, is required to publish a strategy meeting the requirements set out in Paragraph 11 of Schedule 7 to the Producer Responsibility Obligations (Packaging and Packaging Waste) Regulations 2024.  

    This is an interim strategy, which has been approved by approved by officials from all four nations and devolved ministers in parallel for agreement.   

    A long-term strategy will be launched later in 2025 to include:  

    • long-term structures and arrangements (imminent appointments of Chief Executive Officer and Chief Strategy Officer)

    • developments to UK-wide policy objectives over the coming months e.g. work in reuse, the Local Government Outcomes Framework for England

    • planned appointment of a Producer Responsibility Organisation by March 2026. 

    Together, these measures mentioned outlined above represent a cornerstone of the government’s wider packaging initiatives, which collectively aim to support 25,000 jobs and stimulate more than £10 billion in recycling infrastructure investment over the next decade.

    Updates to this page

    Published 27 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Europe: Piero Cipollone: The quest for cheaper and faster cross-border payments: regional and global solutions

    Source: European Central Bank

    Speech by Piero Cipollone, Member of the Executive Board of the ECB, at the BIS Annual General Meeting

    Basel, 27 June 2025

    Cross-border retail payments are the subject of increasing attention. This is for two main reasons.

    First, they play a growing role in the world economy, as international transaction volumes have been increasing at a faster pace than GDP growth. However, despite some improvements in recent years, many payment corridors remain poorly served, which results in slow transaction times and high costs and ultimately hinders economic growth and social cohesion. Moreover, this inefficiency undermines the benefits of globalisation, as the economic gains from lower trade barriers are diverted into rents within cross-border payment markets, rather than benefiting the businesses and households that make use of them.

    Second, new risks are emerging. Geopolitical tensions, for instance, could lead to further fragmentation of global payment systems. Moreover, the expansion of stablecoins could introduce several additional challenges, including currency substitution risks and over-reliance on a limited number of dominant private issuers.

    This is not a situation we can accept passively. We need continuous efforts to enhance cross-border payments, in line with the G20 Roadmap.[1] And central banks, given their role in ensuring the smooth functioning of payment systems, have a major role to play. Significant work has already been undertaken at international level, notably by the Bank for International Settlements (BIS) and the Financial Stability Board (FSB).

    Today, I would like to share our experience with cross-border payments from a regional perspective, emphasising how regional payment infrastructures can be part of the solution. I will then discuss our vision for advancing cross-border payments at the global level.

    The case for enhancing cross-border retail payments

    Let me begin by underscoring the costs and risks of inaction.

    Over the past few decades, the world has witnessed a surge in cross-border payments, driven by the globalisation of trade, capital and migration flows. According to some estimates, the value of cross-border retail payments could grow from close to USD 200 trillion last year to USD 320 trillion by 2032.[2]

    Yet, the average cost of international retail payments remains high. For nearly one-quarter of global payment corridors, costs exceed 3%. And in too many cases, they are slow – one-third of retail cross-border payments took more than one business day to be settled in 2024.[3]

    Worryingly, there are signs that progress is stalling. The FSB’s 2024 progress report revealed no improvements in costs and noted a deterioration in both costs and speed compared with 2023.[4]

    Geopolitical tensions further compound these challenges, as they risk fragmenting global payment systems and undermining the rules-based international order. This could challenge established correspondent banking networks and lead to greater complexity, higher costs and, in a worst-case scenario, the splintering of the global payment system into multiple, non-communicating blocs.

    This raises three pressing issues.

    First, high costs and slow transaction times are hampering economic integration and growth, with small and medium-sized enterprises (SMEs) bearing the brunt. For SMEs operating on tight margins, exorbitant fees discourage them from participating in cross-border trade.

    Second, the world’s most vulnerable groups – such as migrant workers sending remittances home – shoulder a disproportionate share of these costs. In many regions, sending money internationally remains prohibitively expensive. For example, the average costs of remittances to sub-Saharan Africa and South Asia stand at 7.7% and 6.2% respectively.[5] As it stands, the global Sustainable Development Goal target of lowering remittance costs to 3% remains a distant goal. The impact that reducing these fees would have on financial inclusion and well-being cannot be overstated.

    Third, inefficiencies in cross-border payments have created a gap that alternative players, particularly in the crypto-asset space, are eager to fill. However, many of these solutions come with significant risks. Unbacked crypto-assets, for instance, are highly volatile and speculative in nature, creating risks for unsuspecting households and businesses and lending themselves to illicit activities.[6]

    Furthermore, stablecoins come with their own set of challenges, which the BIS described in detail in a special chapter of its Annual Economic Report published this week.[7] Stablecoins carry credit risk, making them susceptible to runs, and pose fragmentation risks due to the multitude of stablecoins being issued. Some of these could end up trading at a discount, undermining the singleness of money.[8] Moreover, because a small number of issuers currently dominate the market, this could also give rise to concentration risks. Lastly, a key concern is the prevalence of US dollar stablecoins, which currently account for 99% of the global stablecoin market.[9] These stablecoins provide an easy way to store value in dollars, considerably increasing the risk of currency substitution in the form of “digital dollarisation”.[10] This phenomenon could have destabilising effects, particularly on emerging markets and less developed economies by impairing the effectiveness of domestic monetary policy. It may also increase the risk of capital flight in response to adverse economic shocks.

    Enhancing cross-border retail payments at the regional and global level

    To address inefficiencies in cross-border payments, we must offer an alternative that connects various parts of the global payments system and delivers tangible benefits in terms of speed and cost. At the same time, this solution must respect the integrity, sovereignty and stability of all countries involved.

    At the ECB, we are pursuing this on two levels – regional and global.

    Regional cross-border payments: the European experience

    At the regional level, Europe serves as a compelling example of what an interconnected payments landscape might look like.

    Of course, this has been facilitated by the creation of a single European market and the establishment of a monetary union. One of the key reasons for creating the euro was to support trade and investment by facilitating cross-border transactions. And the launch of our single currency offered a first solution to pay throughout the euro area – in the form of euro cash.

    The logical next step was to develop European instruments for electronic euro payments. The Single Euro Payments Area (SEPA) emerged from close cooperation between the public and private sector to harmonise electronic euro transactions. As a result, individuals and businesses can make payments across the euro area at very low costs using credit transfers or direct debit.

    The success of SEPA led to its expansion beyond the euro area and even beyond the European Union. Today, customers in 41 European countries can make euro payments quickly, safely and efficiently via credit transfer and direct debit, just as they would for domestic transactions.

    We have also developed the TARGET Instant Payment Settlement (TIPS) service, which enables the settlement of instant payments across the euro area. Instant payments are further supported by a payment scheme – the SEPA Instant Credit Transfer scheme – that provides harmonised rules, standards and protocols. Moreover, EU legislation has made it mandatory for banks to allow their customers to send and receive instant payment at low cost.

    A key feature of TIPS is that it’s a multi-currency platform. Taking advantage of this, Sweden and Denmark are using TIPS to facilitate fast payments in their respective currencies.[11] Norway will do the same as of 2028.[12] Furthermore, we are implementing a cross-currency settlement service that will allow instant payments initiated in one TIPS currency to be settled in another. Initially, this service will support cross-currency payments between the euro area, Sweden and Denmark.[13]

    Within Europe, we are also supporting the Western Balkans in developing a regional fast payment system.[14] As a service provider for TIPS, the Banca d’Italia is collaborating with the central banks of Albania, Bosnia and Herzegovina, Kosovo and Montenegro to develop an instant, multi-currency payment system based on TIPS software. North Macedonia may join the initiative at a later stage.[15] The new platform will facilitate instant payments both within each participating country and across borders.

    Going global: interlinking fast payment systems

    This shows the potential for strengthening regional integration in payments. However, let me be clear: regional integration must not come at the expense of global connectivity. It should not be used as a means to sever ties with global payment networks.

    Our approach is that regional and global integration can go hand in hand through the interlinking of fast payment systems across regions and countries. Today, over 100 jurisdictions worldwide have implemented their own fast payment systems.[16] Interlinking these systems has the potential to address inefficiencies and build lasting connections that are rooted in trade openness and balanced relationships between partners.

    This approach offers several advantages. It would reduce costs, increase the speed and transparency of cross-border payments and shorten transaction chains. It would also enable payment service providers to conduct transactions without having to use multiple payment systems or a long chain of correspondent banks. Moreover, it would ensure that the platform for connecting and converting currencies is managed as a public good, thus avoiding closed loops and discriminatory pricing. Accordingly, the G20 Roadmap for Enhancing Cross-border Payments has identified interlinking as a key strategy for enhancing cross-border payments.[17] In this respect, the excellent work the Committee on Payments and Market Infrastructures (CPMI) is carrying out on payee verification could make a significant difference.

    Last October, the ECB’s Governing Council decided to take concrete steps towards interlinking TIPS with other fast payment systems to improve cross-border payments globally.[18]

    We will implement a cross-currency settlement service for the exchange of cross-border payments between TIPS and other fast payment systems worldwide.[19] This will allow us to explore interlinking TIPS with fast payment systems that have a compatible scheme, are interested in being involved and fully comply with the standards set by the Financial Action Task Force for combating money laundering and terrorist financing.

    In addition, we are exploring the possibility of creating bilateral and multilateral links with other fast payment systems.

    One possibility under consideration is connecting TIPS to a multilateral network of instant payment systems through Project Nexus, led by the BIS.[20] By joining Nexus, TIPS could serve as a hub for processing instant cross-border payments to and from the euro area and other countries that use TIPS.[21]

    We are also currently assessing the feasibility of creating a bilateral link between TIPS and India’s Unified Payments Interface[22], which handles the highest volume of instant payment transactions in the world[23].

    Interlinking fast payment systems has the potential to solve the shortcomings related to the messaging leg of cross-border transactions, by facilitating the message that the payer’s bank in country A sends to the payee’s bank in country B about the incoming transfer of funds. This would already go a long way towards improving the efficiency of cross-border payments.

    However, what interlinking does not fully resolve is the settlement leg, through which money moves from the payer’s to the payee’s account. This still requires a bank that has access to both payment systems that are interlinked, or a credit relationship between a bank in country A and a bank in country B. This is particularly challenging, given the increasing retrenchment of the correspondent banking model.

    In this context, we need to collectively exercise our creativity. I do not envisage a solution that could cover all possible corridors and use cases: there may be scope for tokenised forms of money, as well as a revival of the correspondent banking model, especially if we can reduce the associated risks.

    In the realm of sovereign money, jurisdictions could agree to use their respective central bank digital currencies as settlement assets. In this respect, the current draft legislation on the digital euro provides for an approach that respects the sovereignty of non-euro area countries and mitigates potential risks for them. It does so by opening the possibility for residents of a partner country to use the digital euro, subject to an agreement with that country, complemented by an arrangement between the ECB and the respective central bank.[24]

    Appropriate safeguards – such as individual holding limits for users – would ensure that the digital euro is used primarily as a means of payment and does not fuel currency substitution. Furthermore, the digital euro’s design would include multi-currency functionality, similar to that of TIPS. In practice, this means that non-euro area countries could use the digital euro infrastructure to offer their own digital currencies, thereby facilitating transactions across these currencies.

    Conclusion

    Let me conclude.

    We find ourselves at a pivotal moment for cross-border payments. If we want to make decisive progress and increase their efficiency, we need to work together to develop new solutions. We must, however, be aware of the risks that some of the alternatives on offer may pose.

    I would like to thank the BIS – and in particular the CPMI – for the active role they play in this area, not least by bringing us all together today, with representatives from A (Angola) to Z (Zambia). Each of us brings different needs and circumstances to the table. This raises two fundamental questions. What do we have in common? And what principles can guide our collective efforts?

    First, we must harness responsible innovation to solve persistent challenges while mitigating the risks I have noted today. Central banks – by ensuring the safety and integrity of payment systems – play an important role in this regard. And by interlinking fast payment systems and exploring the use of central bank digital currencies, we can address settlement inefficiencies while safeguarding monetary sovereignty and financial stability.

    Second, regional solutions can serve as a foundation for global progress. I have argued that regional payment integration can be an important part of the solution – provided it remains open to, and actively facilitates, interlinking at a global level. We firmly believe that this open, multi-currency interlinking approach can lay the groundwork for cheaper, faster and more transparent cross-border payments – without compromising the integrity, stability or sovereignty of the countries involved. By designing payment systems that are open, interoperable and multi-currency ready, we can ensure that regional initiatives contribute to global integration rather than fragmentation.

    Finally, collaboration is central to our collective success. Forums such as the CPMI community of practice, as well as today’s workshop, provide valuable opportunities for sharing knowledge and experiences. We will continue to find ways to work together to build resilient, inclusive and interconnected payment infrastructures that meet the needs of our people and economies. And we at the ECB remain committed to sharing our expertise and collaborating wherever we can add value.

    Thank you for your attention.

    MIL OSI Europe News –

  • MIL-OSI Europe: Piero Cipollone: The quest for cheaper and faster cross-border payments: regional and global solutions

    Source: European Central Bank

    Speech by Piero Cipollone, Member of the Executive Board of the ECB, at the BIS Annual General Meeting

    Basel, 27 June 2025

    Cross-border retail payments are the subject of increasing attention. This is for two main reasons.

    First, they play a growing role in the world economy, as international transaction volumes have been increasing at a faster pace than GDP growth. However, despite some improvements in recent years, many payment corridors remain poorly served, which results in slow transaction times and high costs and ultimately hinders economic growth and social cohesion. Moreover, this inefficiency undermines the benefits of globalisation, as the economic gains from lower trade barriers are diverted into rents within cross-border payment markets, rather than benefiting the businesses and households that make use of them.

    Second, new risks are emerging. Geopolitical tensions, for instance, could lead to further fragmentation of global payment systems. Moreover, the expansion of stablecoins could introduce several additional challenges, including currency substitution risks and over-reliance on a limited number of dominant private issuers.

    This is not a situation we can accept passively. We need continuous efforts to enhance cross-border payments, in line with the G20 Roadmap.[1] And central banks, given their role in ensuring the smooth functioning of payment systems, have a major role to play. Significant work has already been undertaken at international level, notably by the Bank for International Settlements (BIS) and the Financial Stability Board (FSB).

    Today, I would like to share our experience with cross-border payments from a regional perspective, emphasising how regional payment infrastructures can be part of the solution. I will then discuss our vision for advancing cross-border payments at the global level.

    The case for enhancing cross-border retail payments

    Let me begin by underscoring the costs and risks of inaction.

    Over the past few decades, the world has witnessed a surge in cross-border payments, driven by the globalisation of trade, capital and migration flows. According to some estimates, the value of cross-border retail payments could grow from close to USD 200 trillion last year to USD 320 trillion by 2032.[2]

    Yet, the average cost of international retail payments remains high. For nearly one-quarter of global payment corridors, costs exceed 3%. And in too many cases, they are slow – one-third of retail cross-border payments took more than one business day to be settled in 2024.[3]

    Worryingly, there are signs that progress is stalling. The FSB’s 2024 progress report revealed no improvements in costs and noted a deterioration in both costs and speed compared with 2023.[4]

    Geopolitical tensions further compound these challenges, as they risk fragmenting global payment systems and undermining the rules-based international order. This could challenge established correspondent banking networks and lead to greater complexity, higher costs and, in a worst-case scenario, the splintering of the global payment system into multiple, non-communicating blocs.

    This raises three pressing issues.

    First, high costs and slow transaction times are hampering economic integration and growth, with small and medium-sized enterprises (SMEs) bearing the brunt. For SMEs operating on tight margins, exorbitant fees discourage them from participating in cross-border trade.

    Second, the world’s most vulnerable groups – such as migrant workers sending remittances home – shoulder a disproportionate share of these costs. In many regions, sending money internationally remains prohibitively expensive. For example, the average costs of remittances to sub-Saharan Africa and South Asia stand at 7.7% and 6.2% respectively.[5] As it stands, the global Sustainable Development Goal target of lowering remittance costs to 3% remains a distant goal. The impact that reducing these fees would have on financial inclusion and well-being cannot be overstated.

    Third, inefficiencies in cross-border payments have created a gap that alternative players, particularly in the crypto-asset space, are eager to fill. However, many of these solutions come with significant risks. Unbacked crypto-assets, for instance, are highly volatile and speculative in nature, creating risks for unsuspecting households and businesses and lending themselves to illicit activities.[6]

    Furthermore, stablecoins come with their own set of challenges, which the BIS described in detail in a special chapter of its Annual Economic Report published this week.[7] Stablecoins carry credit risk, making them susceptible to runs, and pose fragmentation risks due to the multitude of stablecoins being issued. Some of these could end up trading at a discount, undermining the singleness of money.[8] Moreover, because a small number of issuers currently dominate the market, this could also give rise to concentration risks. Lastly, a key concern is the prevalence of US dollar stablecoins, which currently account for 99% of the global stablecoin market.[9] These stablecoins provide an easy way to store value in dollars, considerably increasing the risk of currency substitution in the form of “digital dollarisation”.[10] This phenomenon could have destabilising effects, particularly on emerging markets and less developed economies by impairing the effectiveness of domestic monetary policy. It may also increase the risk of capital flight in response to adverse economic shocks.

    Enhancing cross-border retail payments at the regional and global level

    To address inefficiencies in cross-border payments, we must offer an alternative that connects various parts of the global payments system and delivers tangible benefits in terms of speed and cost. At the same time, this solution must respect the integrity, sovereignty and stability of all countries involved.

    At the ECB, we are pursuing this on two levels – regional and global.

    Regional cross-border payments: the European experience

    At the regional level, Europe serves as a compelling example of what an interconnected payments landscape might look like.

    Of course, this has been facilitated by the creation of a single European market and the establishment of a monetary union. One of the key reasons for creating the euro was to support trade and investment by facilitating cross-border transactions. And the launch of our single currency offered a first solution to pay throughout the euro area – in the form of euro cash.

    The logical next step was to develop European instruments for electronic euro payments. The Single Euro Payments Area (SEPA) emerged from close cooperation between the public and private sector to harmonise electronic euro transactions. As a result, individuals and businesses can make payments across the euro area at very low costs using credit transfers or direct debit.

    The success of SEPA led to its expansion beyond the euro area and even beyond the European Union. Today, customers in 41 European countries can make euro payments quickly, safely and efficiently via credit transfer and direct debit, just as they would for domestic transactions.

    We have also developed the TARGET Instant Payment Settlement (TIPS) service, which enables the settlement of instant payments across the euro area. Instant payments are further supported by a payment scheme – the SEPA Instant Credit Transfer scheme – that provides harmonised rules, standards and protocols. Moreover, EU legislation has made it mandatory for banks to allow their customers to send and receive instant payment at low cost.

    A key feature of TIPS is that it’s a multi-currency platform. Taking advantage of this, Sweden and Denmark are using TIPS to facilitate fast payments in their respective currencies.[11] Norway will do the same as of 2028.[12] Furthermore, we are implementing a cross-currency settlement service that will allow instant payments initiated in one TIPS currency to be settled in another. Initially, this service will support cross-currency payments between the euro area, Sweden and Denmark.[13]

    Within Europe, we are also supporting the Western Balkans in developing a regional fast payment system.[14] As a service provider for TIPS, the Banca d’Italia is collaborating with the central banks of Albania, Bosnia and Herzegovina, Kosovo and Montenegro to develop an instant, multi-currency payment system based on TIPS software. North Macedonia may join the initiative at a later stage.[15] The new platform will facilitate instant payments both within each participating country and across borders.

    Going global: interlinking fast payment systems

    This shows the potential for strengthening regional integration in payments. However, let me be clear: regional integration must not come at the expense of global connectivity. It should not be used as a means to sever ties with global payment networks.

    Our approach is that regional and global integration can go hand in hand through the interlinking of fast payment systems across regions and countries. Today, over 100 jurisdictions worldwide have implemented their own fast payment systems.[16] Interlinking these systems has the potential to address inefficiencies and build lasting connections that are rooted in trade openness and balanced relationships between partners.

    This approach offers several advantages. It would reduce costs, increase the speed and transparency of cross-border payments and shorten transaction chains. It would also enable payment service providers to conduct transactions without having to use multiple payment systems or a long chain of correspondent banks. Moreover, it would ensure that the platform for connecting and converting currencies is managed as a public good, thus avoiding closed loops and discriminatory pricing. Accordingly, the G20 Roadmap for Enhancing Cross-border Payments has identified interlinking as a key strategy for enhancing cross-border payments.[17] In this respect, the excellent work the Committee on Payments and Market Infrastructures (CPMI) is carrying out on payee verification could make a significant difference.

    Last October, the ECB’s Governing Council decided to take concrete steps towards interlinking TIPS with other fast payment systems to improve cross-border payments globally.[18]

    We will implement a cross-currency settlement service for the exchange of cross-border payments between TIPS and other fast payment systems worldwide.[19] This will allow us to explore interlinking TIPS with fast payment systems that have a compatible scheme, are interested in being involved and fully comply with the standards set by the Financial Action Task Force for combating money laundering and terrorist financing.

    In addition, we are exploring the possibility of creating bilateral and multilateral links with other fast payment systems.

    One possibility under consideration is connecting TIPS to a multilateral network of instant payment systems through Project Nexus, led by the BIS.[20] By joining Nexus, TIPS could serve as a hub for processing instant cross-border payments to and from the euro area and other countries that use TIPS.[21]

    We are also currently assessing the feasibility of creating a bilateral link between TIPS and India’s Unified Payments Interface[22], which handles the highest volume of instant payment transactions in the world[23].

    Interlinking fast payment systems has the potential to solve the shortcomings related to the messaging leg of cross-border transactions, by facilitating the message that the payer’s bank in country A sends to the payee’s bank in country B about the incoming transfer of funds. This would already go a long way towards improving the efficiency of cross-border payments.

    However, what interlinking does not fully resolve is the settlement leg, through which money moves from the payer’s to the payee’s account. This still requires a bank that has access to both payment systems that are interlinked, or a credit relationship between a bank in country A and a bank in country B. This is particularly challenging, given the increasing retrenchment of the correspondent banking model.

    In this context, we need to collectively exercise our creativity. I do not envisage a solution that could cover all possible corridors and use cases: there may be scope for tokenised forms of money, as well as a revival of the correspondent banking model, especially if we can reduce the associated risks.

    In the realm of sovereign money, jurisdictions could agree to use their respective central bank digital currencies as settlement assets. In this respect, the current draft legislation on the digital euro provides for an approach that respects the sovereignty of non-euro area countries and mitigates potential risks for them. It does so by opening the possibility for residents of a partner country to use the digital euro, subject to an agreement with that country, complemented by an arrangement between the ECB and the respective central bank.[24]

    Appropriate safeguards – such as individual holding limits for users – would ensure that the digital euro is used primarily as a means of payment and does not fuel currency substitution. Furthermore, the digital euro’s design would include multi-currency functionality, similar to that of TIPS. In practice, this means that non-euro area countries could use the digital euro infrastructure to offer their own digital currencies, thereby facilitating transactions across these currencies.

    Conclusion

    Let me conclude.

    We find ourselves at a pivotal moment for cross-border payments. If we want to make decisive progress and increase their efficiency, we need to work together to develop new solutions. We must, however, be aware of the risks that some of the alternatives on offer may pose.

    I would like to thank the BIS – and in particular the CPMI – for the active role they play in this area, not least by bringing us all together today, with representatives from A (Angola) to Z (Zambia). Each of us brings different needs and circumstances to the table. This raises two fundamental questions. What do we have in common? And what principles can guide our collective efforts?

    First, we must harness responsible innovation to solve persistent challenges while mitigating the risks I have noted today. Central banks – by ensuring the safety and integrity of payment systems – play an important role in this regard. And by interlinking fast payment systems and exploring the use of central bank digital currencies, we can address settlement inefficiencies while safeguarding monetary sovereignty and financial stability.

    Second, regional solutions can serve as a foundation for global progress. I have argued that regional payment integration can be an important part of the solution – provided it remains open to, and actively facilitates, interlinking at a global level. We firmly believe that this open, multi-currency interlinking approach can lay the groundwork for cheaper, faster and more transparent cross-border payments – without compromising the integrity, stability or sovereignty of the countries involved. By designing payment systems that are open, interoperable and multi-currency ready, we can ensure that regional initiatives contribute to global integration rather than fragmentation.

    Finally, collaboration is central to our collective success. Forums such as the CPMI community of practice, as well as today’s workshop, provide valuable opportunities for sharing knowledge and experiences. We will continue to find ways to work together to build resilient, inclusive and interconnected payment infrastructures that meet the needs of our people and economies. And we at the ECB remain committed to sharing our expertise and collaborating wherever we can add value.

    Thank you for your attention.

    MIL OSI Europe News –

  • MIL-OSI: JAMining launches AI multi-currency cloud mining platform to prepare for the next cryptocurrency bull market

    Source: GlobeNewswire (MIL-OSI)

    London, UK, June 27, 2025 (GLOBE NEWSWIRE) — Recently, the price of Bitcoin has successfully broken through $105,000, and Ethereum has also stabilized at the $2,400 mark. Mainstream currencies such as Solana, XRP, Litecoin and Dogecoin have all ushered in a strong rebound, and investors’ attention has reached an all-time high. JAMining’s AI-driven cloud mining solution provides a reliable entry point for investors to seize this round of market conditions.

    AI drives mining decisions to optimize returns

    Different from the single mining strategy of traditional cloud mining platforms, JAMining platform relies on advanced AI algorithms to automatically optimize mining portfolios based on real-time market conditions and the performance of various currencies. This technology can significantly improve the performance of investment portfolios and greatly reduce the difficulty of manual management for users, truly maximizing passive income around the clock.

    Flexible contracts, stable returns, and low barriers to entry

    The platform has launched a variety of flexible contract plans. Whether investors are pursuing short-term gains or long-term stable returns, they can choose a suitable investment plan based on their own financial situation and risk preferences:

    Affiliate program and new user benefits to enhance investment experience

    In order to further encourage investors to share and participate, the JAMining platform has specially launched a multi-level alliance program, where users can get up to 5% referral commission for successful referrals. At the same time, new users can receive a cloud mining experience package worth $100 for free after completing registration and enjoy daily income.

    Real feedback from users

    “I never thought that investing in cryptocurrency could be so simple and efficient. JAMining’s AI system allows me to avoid spending time managing equipment or analyzing the market, and the income is credited to my account on time every day. This experience is far beyond my expectations!” —— Sophia R., JAMining senior user, Germany

    The industry has broad prospects, and smart mining has become the mainstream trend

    As cryptocurrencies enter the mainstream, more and more investors are turning to cloud mining, which does not require equipment or expertise. The launch of JAMining marks a milestone in the deep integration of artificial intelligence and crypto investment, providing a replicable intelligent investment paradigm for the next wave of crypto asset investment.

    About JAMining

    Dedicated to providing simple, secure and stable cloud mining services. and currently has millions of users around the world. It provides users with industry-leading intelligent cloud mining solutions through AI algorithms and security technologies.

    Take Action Now

    For more details and to register for free cloud mining packages, please visit the official link: https://jamining.com/

     

    Media Contact:
    JAMining PR Department
    Email: info@jamining.com
    Official website: https://jamining.com/

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI: Eavor Announces Leadership Transition: John Redfern to Step Down as CEO

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 27, 2025 (GLOBE NEWSWIRE) — Eavor Technologies Inc., a leader in next generation geothermal technology, today announced that John Redfern will be stepping down as Chief Executive Officer for personal reasons. Redfern, as an eight-year company veteran and co-founder, will continue his association with the company in a strategic advisory role. As CEO, Redfern has led the company from inception through numerous major accomplishments, including raising over half a billion in equity, overseeing first of a kind technology development through several demonstrations globally, and driving the team to its first commercial project in Geretsried, Germany which is scheduled to come on stream later this year.  

    “I am immensely proud of all my colleagues at Eavor and what they’ve accomplished,” said Redfern. “We’ve gone from having this initially counter-intuitive idea for a closed-loop geothermal system, to now implementing the technology on a commercial-scale. It has been a privilege to be part of such an extraordinary team and its mission. You can be certain I will continue to support the Eavor team in any way I can as it embarks on this next stage of its journey and again redefines what is possible.”

    In the interim, Robert Winsloe, currently serving as EVP Origination, will assume the role of CEO while the company conducts its search for a permanent successor. Winsloe has been with Eavor for eight years, demonstrating exceptional leadership and strategic vision, making him well-positioned to guide the organization during this transitional period.

    “We are grateful for John’s leadership and dedication to Eavor,” said Doug Beach, Chair of the Board. “John’s vision has been instrumental in driving our success, and we are pleased he will continue his work with us in an advisory role. As we begin the search for our next CEO, we are confident that Robert will provide the requisite leadership and stability.”

    Winsloe, one of Eavor’s co-founders and the architect behind Eavor’s market development strategy and the pipeline of Eavor-Loop™ projects around the world, also expressed his appreciation for Redfern’s significant contribution and the opportunity to step in as CEO: “I would like to thank John for his visionary leadership and dedication to Eavor in bringing us to within touching distance of first power at our commercial project in Germany. It’s an exciting time to step into the role and lead our incredibly talented team as we continue to focus on our long-held mission of making geothermal power development possible at scale, everywhere.”

    Additional Information

    • In June 2025, Eavor secured up to C$138 million to support the global scale-up of our proprietary Eavor-Loop™ system.
    • Located in Bavaria, the Geretsried project is the first commercial deployment of the Eavor-Loop™ system. It is designed to deliver approximately 8.2 MW of electricity and 64 MW of thermal energy for district heating, with a projected annual offset of over 44,000 tonnes of CO₂.
      • The project was awarded €91.6 million from the EU Innovation Fund.
      • Named “Geothermal Deal of the Year” by IJGlobal (2024).
    • For more, read our 2024 Year in Review and learn about Eavor’s technology developments here.

    For media inquiries, please contact:

    Tracy Larsson
    Senior Communications Specialist
    368-338-8154
    tracy.larsson@eavor.com

    About Eavor Technologies Inc.
    Eavor (pronounced “Ever”) is a next-generation geothermal technology company led by a team dedicated to creating a clean, reliable, and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop™) represents the world’s first truly scalable form of clean, dispatchable, baseload capable, and flexible heat and power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid that is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This radiator simply collects heat from the natural geothermal gradient of the Earth via conduction. Eavor has been supported by equity investments made by several leading global energy producers, investors, developers, and venture capital funds including Vickers Venture Partners, bp Ventures, Chubu Electric Power, BDC Capital, Temasek, BHP Ventures, OMV, Canada Growth Fund, Kajima Corporation, and Microsoft Climate Innovation Fund. Learn more at Eavor.com.

    The MIL Network –

  • MIL-OSI Security: Conditions imposed as part of protest policing plan

    Source: United Kingdom London Metropolitan Police

    The Met has released the details of its policing plan ahead of another busy weekend in London.

    Officers will be deployed across the city to respond to incidents and keep the public safe. In particular, there will be a significant police presence in the Westminster area on Saturday ahead of two planned protests, the details of which are outlined below.

    We have used our powers under the Public Order Act to impose conditions on a number of events in order to prevent serious disruption to the life of the wider community.

    Conditions have been imposed on a protest organised by the International Jewish Anti-Zionist Network (IJAN) due to take place on Friday evening.

    For many months since October 2023, the protest took place on a weekly basis in Swiss Cottage. Recognising the impact of cumulative protest at a time when fear and concern among many in London’s Jewish communities was heightened, a decision was taken to review the extent to which the weekly protests were causing serious disruption.

    As a result of that review, conditions were imposed preventing anyone involved in the IJAN protest assembling in the area shown on the map below. Those conditions are in force this evening (Friday 27 June).

    Conditions have also been imposed on a protest organised under the banner ‘For the Children’ that is due to take place on Saturday afternoon.

    Anyone participating in the protest must remain in the shaded area on the map below until the procession commences.

    Anyone participating in the ‘For the Children’ procession must remain on the approved route shown on the map below which goes from Russell Square to Whitehall, via Southampton Row, Kingsway and the Strand.

    Anyone participating in the assembly that follows the ‘For the Children’ procession must remain in the shaded area shown on the map below.

    The stage for the assembly must be positioned in the space shown in blue.

    The assembly must conclude by 17:30hrs.

    A counter protest, organised by Stand Up To Racism, will take place at the south end of Whitehall, in Parliament Street.

    Anyone participating in the Stand Up To Racism protest must remain in the shaded area on the map below.

    The stage must be positioned in the space marked in dark blue.

    The assembly must conclude by 15;00hrs.

    MIL Security OSI –

  • MIL-OSI Security: Conditions imposed as part of protest policing plan

    Source: United Kingdom London Metropolitan Police

    The Met has released the details of its policing plan ahead of another busy weekend in London.

    Officers will be deployed across the city to respond to incidents and keep the public safe. In particular, there will be a significant police presence in the Westminster area on Saturday ahead of two planned protests, the details of which are outlined below.

    We have used our powers under the Public Order Act to impose conditions on a number of events in order to prevent serious disruption to the life of the wider community.

    Conditions have been imposed on a protest organised by the International Jewish Anti-Zionist Network (IJAN) due to take place on Friday evening.

    For many months since October 2023, the protest took place on a weekly basis in Swiss Cottage. Recognising the impact of cumulative protest at a time when fear and concern among many in London’s Jewish communities was heightened, a decision was taken to review the extent to which the weekly protests were causing serious disruption.

    As a result of that review, conditions were imposed preventing anyone involved in the IJAN protest assembling in the area shown on the map below. Those conditions are in force this evening (Friday 27 June).

    Conditions have also been imposed on a protest organised under the banner ‘For the Children’ that is due to take place on Saturday afternoon.

    Anyone participating in the protest must remain in the shaded area on the map below until the procession commences.

    Anyone participating in the ‘For the Children’ procession must remain on the approved route shown on the map below which goes from Russell Square to Whitehall, via Southampton Row, Kingsway and the Strand.

    Anyone participating in the assembly that follows the ‘For the Children’ procession must remain in the shaded area shown on the map below.

    The stage for the assembly must be positioned in the space shown in blue.

    The assembly must conclude by 17:30hrs.

    A counter protest, organised by Stand Up To Racism, will take place at the south end of Whitehall, in Parliament Street.

    Anyone participating in the Stand Up To Racism protest must remain in the shaded area on the map below.

    The stage must be positioned in the space marked in dark blue.

    The assembly must conclude by 15;00hrs.

    MIL Security OSI –