ECB wants final say on the legal status of private stablecoins in the EU
The European Central Bank has demanded veto power from lawmakers in the European Union over private stablecoin projects like Diem. Go to Source Powered by WPeMatico
Bookmarking Crypto Insights
Auto Added by WPeMatico
The European Central Bank has demanded veto power from lawmakers in the European Union over private stablecoin projects like Diem. Go to Source Powered by WPeMatico
The ECB President gives the impression that central banks will avoided copying institutions in hoarding cryptocurrency. Go to Source Powered by WPeMatico
The central bank said it will reach a decision on releasing a digital euro “towards the middle of 2021.” Go to Source Powered by WPeMatico
Responding to European Central Bank (ECB) President Christine Lagarde’s recent remarks about bitcoin, the chief economist at investment firm Tressis said what Lagarde implied was “outrageous” and “dangerous” for cryptocurrency regulation. Economist Says Governments Would Be Happy to Implement Strict Crypto Regulations Daniel Lacalle, fund manager and chief economist at Tressis Gestion, commented on Christine … Read more
The president of the European Central Bank (ECB), Christine Lagarde, has called for the global regulation of bitcoin. She said that bitcoin is a highly speculative asset and has “conducted some funny business.” Emphasizing the need for countries to work together to regulate bitcoin, she suggested that the crypto regulation could be “initiated by the … Read more
From Asia to Europe, major central banks all around the world are expected to announce their own digital currencies soon. This is vindication that stablecoins like EURST are on the right path forward, and they can serve to show how national economies should reinvent themselves following the current crisis. Why Everyone Wants a CBDC Now … Read more
Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response. The Bank of Japan has recently become the country’s largest stockholder and the European Central Bank is prepared to expand its colossal stimulus program. Meanwhile, Federal Reserve Chair … Read more
Nobody seems to be in a rush to digitize the euro, but that could change given increasing global competition. Go to Source Powered by WPeMatico
Hedge fund manager Brian Kelly says the surging number of institutional investors owning bitcoin is down to the digital currency’s core value proposition- a fixed coin supply. On the other hand, the same institutional investor interest is helping to build confidence in the top cryptocurrency while taking away some of the perceived risks. Bitcoin Value … Read more
“At that point in time we will make the decision as to whether or not we go forward with the digital euro.” Go to Source Powered by WPeMatico