The Duxburian financial system is completely and irreconcilably incompatible with this level of centralized command and control. The Duxburian government cannot prevent its individuals and entities from trading with whomever they please, wherever they please, whenever they please, and in whatever unit of account they desire. It is simply a technological impossibility in a world with RippleNet, cross-chain bridges, unhosted wallets, and crypto in general. Duxburians enjoy a level of monetary freedom riding on cutting-edge technology that is probably unfathomable in other countries. As mentioned in the past, any Duxburian could up and decide to transfer K:1 billion in or out of the country across RippleNet, broadcasting from a private node on a "Web3" network with a 2-10 second clearing time and no entity on earth could censor or prevent the transaction. We live in a world where different types of money are globally fungible in real-time, 24 hours a day / 365 days a year, and can be coin-joined in cross-chain mixers thoroughly enough that identification of owners is not even physically possible. The era when a national government, central bank, or the EU itself can just top-down dictate how people use their money is ancient history. The capability itself no longer exists in a hyper-modern country. Duxburian Civilization has chosen to embrace this reality rather than engage in a hopeless game of regulatory whack-a-mole for the rest of eternity. These technologies and networks can't be banned, they can't be shut down. There is no stopping the power of decentralization and what amounts to "financial democracy".
The Union of Duxburian Dominions is so confident in our model of finance and respect for peoples' money that we don't attempt to have capital controls. If you want to pull everything out of our country, it's your right to do that, and you may do it at any time. It's your money, not ours. We do actually impose fees on high-frequency transfers, but that is done by node operators to protect networks from dust attacks and DDOS. They decide the fees, the government has no control over that. Some networks choose to have a staking model to allocate system resources, in which case there is no actual fee, but the sender must possess enough staked funds that their transactions get processed. We can't force nodes to implement fees or taxes above and beyond those necessary to operate and protect their networks. Node operators are widely-dispersed throughout the country, they can be anyone and their mother.
Since the Union of Duxburian Dominions cannot possibly hope to comply with this, we'd be forced to exit the European Union.
Additionly, I would like to call out the Speaker of the European Council for hypocrisy and lack of impartiality - you cannot take offense at countries you like being called "clownish" while allowing countries you don't like to be called "barbaric" or "uncivilized" as mine has. You also do not have the right to deprive councillors of our Article II, Section I, Clause III constitutional rights, a second time. "All views can be voiced in the European Council." That means ALL views, including ones you don't agree with or ones that make you uncomfortable. The old Constitution had an even stronger clause in protection of free speech, showing that it's been a core doctrinal priority for the entirety of the EU's existence. If you can't be impartial and can't abide by the European Constitution, you're unfit to continue in the role of Speaker.
Wesley Greene
Councillor of the Duxburian Union