European Central Bank: ‘No Plans’ for Digital Currency, Cash Demand Growing
European Central Bank sees no need for an EU-wide digital currency, due to need for further research and growing demand for cash Go to Source Powered by WPeMatico
ECB
Auto Added by WPeMatico
South Korea Thinks Real-Name System is Working – Stepping Up Crypto Monitoring
South Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country. Now, the government is introducing a new guideline to prevent local crypto exchanges from buying cryptocurrencies at foreign exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more
Bitcoin in Brief Saturday: Spanish Parties Back Crypto Draft, Slovenia Adopts Crypto Action Plan
All parties represented in the Spanish Congress have voiced support for a new draft legislation introducing favorable crypto regulations in the country. We’ve covered the details in today’s edition of Bitcoin in Brief. Also, Slovenia adopts a crypto action plan, Estonia drops plans to issue a national cryptocurrency, and Hungary claims it’s ready to join … Read more
EU Adopts Rules to Reduce Anonymity for Crypto Users
A directive affecting the crypto sector in Europe has been adopted by the EU Council. The document updates the anti-money laundering legislation of the European Union to address, among other issues, “the risks linked to virtual currencies.” The new rules aim to reduce anonymity for both users and transactions with requirements for know-your-customer procedures that … Read more
European Central Bank’s Mersch Says Banks Should ‘Segregate’ Crypto Trading
The European Central Bank’s Yves Mersch says banks should keep cryptocurrency dealings separate from other activities, as crypto doesn’t “qualify” as money Go to Source Powered by WPeMatico
Bank For International Settlements Distances Itself From Centralized Digital Currencies
Joint European banking report wary of digital currencies issued by banks. #NEWS Go to Source Powered by WPeMatico
Ex-Trump Chief Strategist Bannon: Cryptocurrencies Make Central Banks Redundant
Bitcoin has always been considered by its staunch supporters a tool to bring about personal financial freedom from government control and censorship as well as taxation via inflation. As such, most political players shun the cryptocurrency when they are in power as it threatens their position. Once out of power they are freer to appreciate … Read more
ECB Board Member: Crypto Is ‘Contagion And Contamination’ Infecting The Global Financial System
ECB board member says crypto is at risk of “contamin[ating]” the global financial system, asks for more regulation before crypto becomes too interconnected #NEWS Go to Source Powered by WPeMatico
European Central Bank to Discuss Bitcoin and Blockchain With Youth
Young Europeans could ask the President of the European Central Bank questions about Bitcoin and Blockchain. #ADOPTION Go to Source Powered by WPeMatico
South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading
The South Korean government has called for financial regulators and central bankers of 23 other countries as well as 12 organizations, including the International Monetary Fund and the European Union, to collaborate on curbing cryptocurrency trading. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Other Regulators Urged to Take Action … Read more