ECB Creating a Harmonized Regulatory Framework Governing Crypto Activities and Services

ECB to Harmonize Regulatory Framework Governing Crypto Activities and ServicesThe European Central Bank (ECB) is working to harmonize the regulatory framework governing crypto activities and services in the EU. The regulator noted that several regulatory initiatives at the European and international levels are being finalized. ECB’s Regulatory Plan for Crypto Assets The European Central Bank (ECB) outlined its plan to harmonize the regulatory framework […]

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ECB Vice President Says Crypto Assets Are ‘Not a Real Investment’ Citing Weak Fundamentals

ECB Vice President Says Crypto Assets Are 'Not a Real Investment' Citing Weak FundamentalsThe vice president of the European Central Bank (ECB), Luis de Guindos, has warned that crypto assets are “not a real investment” and are “subject to a lot of volatility.” His comments followed massive sell-offs across a broad range of cryptocurrencies. ECB VP Says Crypto Is Not a Real Investment European Central Bank Vice President […]

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ECB Chief Lagarde: Cryptocurrencies Prone to Money Laundering, No Intrinsic Value, Buy if Prepared to Lose all Money

ECB Chief Lagarde: Cryptocurrencies Prone to Money Laundering, No Intrinsic Value, Buy if Prepared to Lose all MoneyThe president of the European Central Bank (ECB), Christine Lagarde, warned that cryptocurrencies are prone to money laundering. She agrees with the governor of the Bank of England, Andrew Bailey, who recently said that cryptocurrencies have no intrinsic value and investors should be prepared to lose all their money if investing in them. ECB Chief […]

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ECB Chief Christine Lagarde Downplays Bitcoin’s Risks to Financial Stability, Troubled by Stablecoins

ECB Chief Christine Lagarde Downplays Bitcoin's Risks to Financial Stability, Troubled by StablecoinsECB President Christine Lagarde downplays any risks bitcoin and other cryptocurrencies could pose to financial stability and monetary sovereignty. In contrast, she sees stablecoins, such as Facebook-backed libra, as posing “serious risks.” Christine Lagarde, Bitcoin, and Facebook’s Libra The president of the European Central Bank (ECB), Christine Lagarde, shared her view on the future of […]

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ECB in Full-On Emergency Mode as ‘Unprecedented Decline’ Hits Eurozone

ECB in Full-On Emergency Mode as 'Unprecedented Decline' Hits EurozoneThe euro area is facing an “unprecedented” economic decline, the worst since records began. European Central Bank (ECB) President Christine Lagarde paints a picture of a central bank in full-on emergency mode after the bank kept its interest rates unchanged. Unprecedented Economic Contraction in Eurozone New data released on Thursday reveals that the 19-member region’s […]

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