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IMF Chief Christine Lagarde Encourages Open Cryptocurrency Regulation
4.9.2019
Central banks and regulators should protect consumers while being open to innovation like crypto, says outgoing IMF chief Christine Lagarde
ECB’s Yves Mersch Warns Libra Cryptocurrency Is ‘Facebook’s Siren Call’
2.9.2019
Facebook’s Libra stablecoin is “beguiling but treacherous,” according to European Central Bank key legal official Yves Mersch
ECB’s Mersch Warns Over ‘Treacherous Promises’ of Facebook Libra
2.9.2019
The central bank board member has warned of the threat posed by Facebook's Libra to monetary policy and consumers in the EU
ECB: Stablecoins Could be Rendered Useless by Financial Institutions
30.8.2019
Euro symbol in front of the European Central Bank in Frankfurt, Germany. If financial institutions were to use DLT (distributed ledger technology) to record traditional assets, such as commercial bank money and regulated electronic money, stablecoins could be rendered redundant, claims the paper...
Stablecoins Vulnerable to Regulatory Uncertainty: European Central Bank
29.8.2019
The European Central Bank says stablecoins with clear governance may be hampered by regulation uncertainty
Initiative to Curtail Negative Interest Rates Gains Traction in Germany
24.8.2019
Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden on to their customers. Some political factions in Germany, however, aren’t happy with the trend...
The Push to Kill Cash – Australia’s Proposed Ban Shows It’s Not Conspiracy Theory
23.8.2019
The supposed coordination of governments and tech companies to create a one-world, cashless society is often viewed as little more than fodder for silly Youtube conspiracy videos. After all, cash is still king in daily life, even in extremely high-tech, innovative societies like Japan. Upon closer...
Major Swedish Bank Orders Negative Interest Rate on Euro Deposits
22.8.2019
Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging depositors for keeping their money. Saving in fiat right...
ECB to Increase Online and Offline Efforts to Monitor Crypto Trade and Related Activities
8.8.2019
At a time when regulators across the globe are taking steps to tighten their grips on virtual currencies, the European Central Bank (ECB) has also decided to follow the trend. The ECB will ramp up its surveillance efforts to monitor crypto activities in the region. The apex banking regulatory body...
ECB Says It Plans to Use More On-Chain Data to Monitor Crypto Assets
7.8.2019
The European Central Bank has issued a new report revealing plans to use more granular blockchain data to better monitor the crypto markets
US, EU and Japan Could Trigger ‘Cold Currency War’ by Debasing Fiat
24.7.2019
The world’s major central banks are waging war to determine who can make their respective fiat currency weaker. With the likelihood of even more money printing and negative interest rates ahead, people need to be ready to see the value of their money evaporate and the price of everything else...
How 10 Countries Respond to Facebook’s Libra Cryptocurrency
11.7.2019
A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank...
EU Central Bank Won’t Add Bitcoin to Reserves — Says Its Not a Currency
10.7.2019
European Central Bank’s latest bitcoin-isn’t-money soundbite fails to win favor with Twitter followers
Facebook’s Libra Is a ‘Wake-Up Call’ for Regulators, Says ECB Policymaker
8.7.2019
Benoit Coeure of the European Central Bank has said projects like Facebook's Libra require faster action from regulators
European Central Bank Exec Calls for Fast Regulatory Action Regarding Libra
7.7.2019
Financial regulators must act fast to prepare for Facebook’s Libra stablecoin, according to European Central Bank executive board member Benoit Coeure
ECB, IMF, China, Italy and Now Donald Trump Builds a Case for Bitcoin
4.7.2019
Donald Trump. Source: Twitter, @realDonaldTrump
U.S. President Donald Trump has joined the ranks of other officials unintentionally building a case for Bitcoin and showing why it’s better compared to traditional fiat money systems.
In an eyebrow-raising tweet on Wednesday, Trump expressed...
Bitcoin Cash Price Analysis: ECB Suggests BCH As One of The Most Important Coins
6.6.2019
Bitcoin Cash Gets Mentioned in the European Central Bank May 2019 Reports By the end of 2019, the coin may reach $800 – $850. The whole cryptocurrency industry aims to give a substitute for the existing financial system to the world. A substitute, which will be completely decentralized...
European Bank Official Shares Benefits Of Central Bank Digital Currencies, Positive Signs For Industry
29.5.2019
The European journey for cryptocurrencies has been quite dull, slow, and even uncertain at times. Compared to other regions like Asia and South America, Europe has stayed quite cold and unexplored in terms of digital currencies. However, recent developments in Europe are quite encouraging for...
G20 Countries Start Implementing Unified Cryptocurrency Standards
29.5.2019
As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto...
ECB Official Says Wholesale Central Bank Digital Currency a ‘Viable Option’
28.5.2019
A European Central Bank council member has come out generally in favor of wholesale central bank digital currencies