A Path of Challenges: Will CBDCs Prevail Over Private Blockchains?
CBDCs will be the leading digital currencies of the future, and only the competition between various models will determine the winner. Go to Source Powered by WPeMatico
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Not Like Before: Digital Currencies Debut Amid COVID-19
The coronavirus pandemic has forced governments worldwide to focus on bringing blockchain tech to their financial services. Go to Source Powered by WPeMatico
Not With Bitcoin: Rumor ECB Eyeing $500B Debt Quarantine in ‘Bad Bank’
Coronavirus will inflate the EU bad debt mountain, and banks should be shielded, while an official speaks highly of so-called “bad banks.” Go to Source Powered by WPeMatico
German Banks Purposefully Misled the ECB in 2014, Report Shows
In the financial world, there are a lot of developments that were never allowed to see the light of day. A new report issued by several experts confirms that the ECB was fooled by several German banks in 2014. Every so often, the ECB will conduct an asset quality review, or AQR. The ECB was … Read more
Main Barrier to CBDC Is Philosophy, Not Tech, Says European Central Bank Rep
ECB executive board, Yves Mersch, believes that the main impediment for CBDC is philosophical rather than technological. Go to Source Powered by WPeMatico
Virtual Consensus 2020 Kicks Off with ECB Official Discussing CBDC
Major crypto event, Consensus: Distributed, kicks off virtually, with ECB board member Yves Mersch discussing central bank digital currencies. Go to Source Powered by WPeMatico
European Central Bank Calls for Proactive Stablecoin Regulation
The European Central Bank says global stablecoins require clear regulatory structure prior to approval. Go to Source Powered by WPeMatico
European Central Bank: Digital Euro Should Not Discourage Private Initiatives
The European Central Bank believes that the digital euro is just one of many solutions to nationalize its payment systems Go to Source Powered by WPeMatico
ECB Expects Worse Recession in Europe Than Global Economy
The European Central Bank (ECB) expects the European economy to suffer a more severe recession than the global economy. Countries across the euro area will experience “a deep recession,” which entails unprecedented funding needs of more than €1 trillion ($1.1 trillion), explained ECB Vice President Luis de Guindos. Also read: IMF Declares Global Recession, 80 … Read more
80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany
Amid the coronavirus pandemic and deepening financial crisis, the number of banks charging customers negative interest rates in Germany has accelerated. At least 80 banks now reportedly charge negative interest rates, 16 of which apply this policy to even small deposits. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed … Read more
