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A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. Also read: G20 Leaders Issue Declaration on Crypto Assets – … Read more
European Central Bank’s latest bitcoin-isn’t-money soundbite fails to win favor with Twitter followers Go to Source Powered by WPeMatico
Financial regulators must act fast to prepare for Facebook’s Libra stablecoin, according to European Central Bank executive board member Benoit Coeure Go to Source Powered by WPeMatico
As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto assets pose to the euro area’s financial stability are manageable. … Read more
A member of the Governing Council of the ECB, Vitas Vasiliauskas, discussed the benefits of central bank digital currency in a recent speech Go to Source Powered by WPeMatico
When quantitative easing (QE) was introduced, it was likened to a drug, with central banks making an emergency injection of money to resuscitate the global economy. Now it seems that some politicians have gotten addicted to this drug, going as far as to claim that government deficits don’t matter and the money printing can just … Read more
In a recent report, the European Central bank claimed that crypto has no tangible impact on economic developments and monetary policy Go to Source Powered by WPeMatico
Cryptocurrencies are not real currencies, according to European Central Bank president Mario Draghi Go to Source Powered by WPeMatico
Last month, news.Bitcoin.com examined the problem of quantitative easing (QE) and its impact on the U.S., and how such policies have spread to the rest of the world. This month, we continue to drill down on the phenomenon of governments printing trillions of dollars worth of fiat currency simply by pressing buttons on their computers. Value … Read more
Binance, the leading cryptocurrency exchange, has announced it will start testing a fiat currency trading platform in Singapore and we’ve got the story in Sunday’s edition of The Daily. Also, two islands in Russia are competing to host the country’s first regulated exchange, and the ECB says Europe doesn’t need a central bank issued crypto. … Read more