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The European Central Bank (ECB) wants to play an active role in the field of digital currency, said President Christine Lagarde. As the bank works on its own digital currency and an instant payment system, Lagarde emphasizes that “central bank initiatives should neither discourage nor crowd out private market-led solutions for fast and efficient retail … Read more
In this first 2020 week’s Hodler’s Digest, why the European Central Bank wants its digital currency to have “unattractive interest rates,” and why millennials should thank Boomers Go to Source Powered by WPeMatico
ECB research suggests it would continue discouraging saving money if it issued digital currency Go to Source Powered by WPeMatico
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation … Read more
Reports have emerged depicting long lines in front of a physical gold sales location in Germany, in view of pending legislation which would once again lower the anonymous purchase limit, this time from €10,000 to €2,000. The last drop happened in 2017 when the limit was set at €15,000. A draft bill from the German … Read more
In this roundup, we cover a wide range of regulatory developments in the crypto space. Much has transpired in the U.S., including a new crypto bill, SEC’s proposal, lawmakers seeking answers from the IRS, and the state of Michigan signing several crypto bills into law. We also cover France’s first-approved initial coin offering, a proposal … Read more
Financial cryptographer. Cypherpunk. Inventor of Ricardian contracts and early utilizer of triple-entry accounting systems, which would later be exemplified in Bitcoin. Ian Grigg may have claimed that Satoshi was a team effort and is now dead, only living on in bitcoiners everywhere, but some seem to think it’s him. In this installment of “the many … Read more
On December 17, the European Central Bank (ECB) published a report that showcased its blockchain technology proof-of-concept. One particular feature the central bank digital chain holds is the ability to issue “anonymity vouchers.” Also read: Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’ ECB Report Explores Anonymity in Central Bank … Read more
China’s Hengfeng Bank is set to get a $14.2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari. Germany continues to struggle with bailout pains, as regional bank Nordlb finds itself now depending on another capital injection. None … Read more
A Federal Reserve official supported a study claiming that 25% of Bitcoin users and 50% of transactions are in some way illegal Go to Source Powered by WPeMatico