Scotland ‘will choose independence’, insists First Minister Humza Yousaf as new policy paper released
Scotland’s First Minister has insisted the Yes campaign would win “comprehensively” if a second referendum on independence was held tomorrow.
Despite several polls putting support for independence at less than 50%, Humza Yousaf made the claim as he published the latest paper from the Scottish government to make the case for leaving the UK.
The document proposes an independent Scotland would adopt a similar system for citizenship as Ireland, allowing people born elsewhere to apply to become Scottish citizens if they have a Scottish parent.
The paper also proposes that EU citizens living in Scotland or the UK before 31 December 2020 would be entitled to receive settled status in Scotland, and children born in Scotland after independence would automatically be a Scottish citizen if at least one of their parents is a Scottish, British or Irish citizen, or has settled status in Scotland.
Mr Yousaf, who described himself as a “proud Scottish Pakistani”, said the “welcoming” and “inclusive” approach being set out could attract more people to Scotland and help tackle the demographic challenge the country faces, with an increasingly elderly population and fewer people of working age.
He said: “We know that one of the biggest challenges we face is that demographic challenge, and therefore having more people of working age coming here contributing, living, studying, working in Scotland, I think is a good thing.”
He insisted: “If there was a referendum tomorrow, we would win it and win it comprehensively.
“That’s also part of the reason why of course I’m publishing these papers, because they help to make the argument, give people the information they need to make that informed decision about independence.”
He also insisted he is “confident” the Scottish government will be able to continue to publish papers in favour of independence, despite Simon Case, the cabinet secretary and head of the civil service, revealing earlier this month that civil servants north of the border could be issued with new guidance on such work within weeks.
Mr Yousaf said: “I’m confident in our position in terms of the publication of these papers.
“But I think it also speaks volumes that those who oppose independence are trying to shut down the debate instead of bringing forward their proposals for maintaining the union. They’re more obsessed with trying to shut down our case.”
Read more:
Indyref2: Does the hunger for independence remain in Scotland’s ‘Yes’ towns and cities?
Yousaf accused of putting party’s general election independence bid ‘on steroids’
First minister sets out ‘radical’ plans for independent Scotland to have written constitution
Scottish Conservative constitution spokesman Donald Cameron said: “People across Scotland will be appalled that Humza Yousaf is focusing on yet another self-indulgent paper touting independence. It is the wrong priority at the worst possible time.”
He branded the paper a “blatant misuse of public money and resources”.
Mr Cameron said: “Rather than wasting taxpayers’ money and civil servants’ time on pushing a divisive, party political agenda, a strong first minister would be concentrating on Scots’ real priorities – cost-of-living difficulties, unacceptable NHS waiting times and the ferries crisis.”
Scottish Labour constitution spokesman Neil Bibby said the latest paper comes while the “NHS is in chaos and people are struggling to make ends meet during the worst cost-of-living crisis in decades”.
He said the Scottish government is being “distracted” from dealing with these issues by its “constitutional obsession”, and said: “Humza Yousaf is completely out of touch with Scotland’s priorities and bereft of new ideas.”
But Mr Yousaf however that independence is “inherent” to tackling issues such as the cost-of-living crisis.
He said: “Because we don’t have independence, we’re suffering austerity from a Westminster government that we didn’t elect. We’re suffering from a hard Brexit that we did not vote for. We’re suffering from a cost-of-living crisis that has been imposed upon us.
“So independence actually is central to the cost-of-living crisis.”
European Union regulators are reportedly mulling a $1 billion fine against Elon Musk’s X, taking into account revenue from his other ventures, including Tesla and SpaceX, according to The New York Times.
EU regulators allege that X has violated the Digital Services Act and will use a section of the act to calculate a fine based on revenue that includes other companies Musk controls, according to an April 3 report by the newspaper, which cited four people with knowledge of the plan.
Under the Digital Services Act, which came into law in October 2022 to police social media companies and “prevent illegal and harmful activities online,” companies can be fined up to 6% of global revenue for violations.
A spokesman for the European Commission, the bloc’s executive branch, declined to comment on this case to The New York Times but did say it would “continue to enforce our laws fairly and without discrimination toward all companies operating in the EU.”
In a statement, X’s Global Government Affairs team said that if the reports about the EU’s plans are accurate, it “represents an unprecedented act of political censorship and an attack on free speech.”
“X has gone above and beyond to comply with the EU’s Digital Services Act, and we will use every option at our disposal to defend our business, keep our users safe, and protect freedom of speech in Europe,” X’s global government affairs team said.
Source: Global Government Affairs
Along with the fine, the EU regulators could reportedly demand product changes at X, with the full scope of any penalties to be announced in the coming months.
Still, a settlement could be reached if the social media platform agrees to changes that satisfy regulators, according to the Times.
One of the officials who spoke to the Times also said that X is facing a second investigation alleging the platform’s approach to policing user-generated content has made it a hub of illegal hate speech and disinformation, which could result in more penalties.
X EU investigation ongoing since 2023
The EU investigation began in 2023. A preliminary ruling in July 2024 found X had violated the Digital Services Act by refusing to provide data to outside researchers, provide adequate transparency about advertisers, or verify the authenticity of users who have a verified account.
Related: Musk says he found ‘magic money computers’ printing money ‘out of thin air’
X responded to the ruling with hundreds of points of dispute, and Musk said at the time he was offered a deal, alleging that EU regulators told him if he secretly suppressed certain content, X would escape fines.
Thierry Breton, the former EU commissioner for internal market, said in a July 12 X post in 2024 that there was no secret deal and that X’s team had asked for the “Commission to explain the process for settlement and to clarify our concerns,” and its response was in line with “established regulatory procedures.”
Musk replied he was looking “forward to a very public battle in court so that the people of Europe can know the truth.”
Source: Thierry Breton
Magazine: XRP win leaves Ripple a ‘bad actor’ with no crypto legal precedent set
US crypto exchange Coinbase has filed with the US Commodity Futures Trading Commission (CFTC) to launch futures contracts for Ripple’s XRP token.
“We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify XRP futures — bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,” stated Coinbase Institutional on April 3.
The firm added that it anticipates the contract going live on April 21.
According to the certification filing, the XRP (XRP) futures contract will be a monthly cash-settled and margined contract trading under the symbol XRL.
The contract tracks XRP’s price and is settled in US dollars. Each contract represents 10,000 XRP, currently worth about $20,000 at $2 per token.
Contracts can be traded for the current month and two months ahead, and trading will be paused as a safety measure if spot XRP prices move more than 10% in an hour.
“The exchange has spoken with FCMs (Futures Commission Merchants) and market participants who support the decision to launch a XRP contract,” the firm stated.
Coinbase is not the first to launch XRP futures in the United States. In March, Chicago-based crypto exchange Bitnomial announced the launch of the “first-ever CFTC-regulated XRP futures in the US.”
XRP futures trading is available on many of the world’s leading centralized crypto exchanges, such as Binance, OKX, Bybit and BitMEX.
Funding rates remain negative
In late March, Cointelegraph reported that XRP derivatives’ funding rates had flipped negative as investor sentiment turned bearish.
Related: XRP funding rate flips negative — Will smart traders flip long or short?
Funding rates are periodic payments between traders in perpetual futures markets that help keep the futures price aligned with the spot price. Positive funding rates mean that long traders (buyers) pay short traders, while negative funding rates mean short traders (sellers) pay long traders.
When funding rates go negative, it means short traders are willing to pay a premium to maintain their positions, indicating strong conviction from bearish derivatives traders.
XRP funding rates remained negative on major derivatives exchanges as of April 4, according to CoinGlass.
XRP OI-weighted funding rates. Source: CoinGlass
Magazine: XRP win leaves Ripple a ‘bad actor’ with no crypto legal precedent set
Former Binance CEO Changpeng “CZ” Zhao will begin advising the Kyrgyz Republic on blockchain and crypto-related regulation and tech after signing a memorandum of understanding with the country’s foreign investment agency.
“I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading,” the crypto entrepreneur said in an April 3 X post, adding that he finds this work “extremely meaningful.”
His comments came in response to an earlier X post from Kyrgyzstan President Sadyr Zhaparov announcing that Kyrgyzstan’s National Investment Agency (NIA) had signed a memorandum with CZ to provide technical expertise and consulting services for the Central Asian country.
The NIA is responsible for promoting foreign investments and assisting international companies in identifying business opportunities within the country.
Source: Changpeng Zhao
“This cooperation marks an important step towards strengthening technological infrastructure, implementing innovative solutions, and preparing highly qualified specialists in blockchain technologies, virtual asset management, and cybersecurity,” Zhaparov said.
The Kyrgyzstan president added: “such initiatives are crucial for the sustainable growth of the economy and the security of virtual assets, ultimately generating new opportunities for businesses and society as a whole.”
Kyrgyzstan, which officially changed its name from the Republic of Kyrgyzstan to the Kyrgyz Republic in 1993, is a mountainous, land-locked country.
It is considered well-suited for crypto mining operations due to its abundant renewable energy resources, much of which is underutilized.
Over 30% of Kyrgyzstan’s total energy supply comes from hydroelectric power plants, but only 10% of the country’s potential hydropower has been developed, according to a report by the International Energy Agency.
CZ has met with several other state officials in Asia
Malaysia also recently tapped CZ for guidance on crypto-related matters, with Prime Minister Anwar Ibrahim meeting him personally in January.
CZ has also met with officials in the UAE and Bitcoin-stacking country Bhutan — however, it isn’t clear what those meetings entailed.
Related: Is Bitcoin’s future in circular economies or national reserves?
CZ’s latest pursuits come a little over six months after he was released from a four-month prison sentence in the US for violating several anti-money laundering laws.
Since being released, CZ has made investments in blockchain tech, artificial intelligence and biotechnology companies.
CZ also recently donated 1,000 BNB (BNB) — worth almost $600,000 — to support earthquake relief efforts in Thailand and Myanmar after the natural disaster in late April.
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