We had overlooked this information, but it’s important to revisit it — both for what it means in practical terms and for what it represents.
Directive 2024/1619, known as “CRD6,” took effect in France last April, as well as in all European Union member states. The text, which is not very clear even when summarized, had attracted little attention. Its consequences, however, are significant: the European Union is requiring banks located outside the EU to stop providing certain banking services directly to European residents, unless they have or open an authorized branch within the Union (1). This provision will take effect on January 11, 2027.
Several influencers — such as Pavol Lubtak on X or Aldo Sterone on YouTube — are concerned about this, as they see it as a restriction on our freedoms and a further step toward capital controls. We would no longer be entirely free to deposit our money wherever we choose: access to certain services offered by foreign banks would be…
