Decentralization is the final frontier for CBDCs
Decentralized CBDCs will most likely pique the interest of the masses much more than their centralized counterparts. Go to Source Powered by WPeMatico
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European Central Bank releases results of digital euro consultation
Privacy concerns regarding the digital euro abound as the European Central bank test the waters for a central bank digital currency. Go to Source Powered by WPeMatico
Digital euro could take four years, says ECB president Christine Lagarde
The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said. Go to Source Powered by WPeMatico
Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany
Banks in Germany are reportedly turning customer deposits away due to the negative interest rate imposed on them by the European Central Bank (ECB). Some banks are even offering online tools to help customers take their deposits elsewhere. Negative Interest Rates Imposed by ECB Force Banks to Turn Away Customer Deposits Banks in Germany have … Read more
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
ECB’s Lagarde says central banks holding Bitcoin is ‘out of the question’
The ECB President gives the impression that central banks will avoided copying institutions in hoarding cryptocurrency. Go to Source Powered by WPeMatico
ECB leader floats 3K threshold for digital euro holdings
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
Economist Slams ECB Chief Lagarde’s Bitcoin Remarks as Dangerous for Cryptocurrency Regulation
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
ECB Chief Christine Lagarde Calls for Global Bitcoin Regulation — Says BTC Conducts ‘Funny Business’
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
The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow
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