ECB President: Stablecoins and Crypto Not Suitable Money Substitutes
ECB president says stablecoins and crypto are not yet suitable as money substitutes Go to Source Powered by WPeMatico
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BTC and Quantitative Easing: What’s the Correlation to Crypto?
Unconventional monetary policy is rife within the U.S. right now, and a step toward quantitative easing seems inevitable; BitMEX CEO Aurther Hayes believes this will send Bitcoin sky high, but will it? Go to Source Powered by WPeMatico
ECB Exec Says Libra Could Address Failings of Global Payments System
Libra has been a wakeup call for banks to consider major issues in global payment systems, an ECB board member says Go to Source Powered by WPeMatico
Here’s How Europeans Can Deal With Negative Interest Rates
Low and negative interest rates have been a burden for account holders across Europe for some time. And it’s only getting worse, as the European Central Bank just announced a new rate cut to a record low of -0.5%. Private and corporate customers in many countries on the continent don’t have a lot of options … Read more
European Countries Step Up Response to Facebook’s Libra
The European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra can be regulated under EU laws. Also read: India’s Popular ‘Who … Read more
At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows
In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession. Also Read: Money and Democracy: Why … Read more
Central Banks to Meet With Libra Founders in Switzerland on Monday
A forum of central banks will meet with Libra on Monday to assess the purported financial stability risks of the project Go to Source Powered by WPeMatico
Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin
In a recent tweet, U.S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less.” The bombastic politician stressed the need for America to refinance its debt, trailing off with some superficially conservative speak about the U.S. and its “great currency, power, and balance … Read more
IMF Chief Christine Lagarde Encourages Open Cryptocurrency Regulation
Central banks and regulators should protect consumers while being open to innovation like crypto, says outgoing IMF chief Christine Lagarde Go to Source Powered by WPeMatico
ECB’s Yves Mersch Warns Libra Cryptocurrency Is ‘Facebook’s Siren Call’
Facebook’s Libra stablecoin is “beguiling but treacherous,” according to European Central Bank key legal official Yves Mersch Go to Source Powered by WPeMatico