ECB President Mario Draghi: Cryptos Are Not Currencies, They Are Very Risky Assets
Cryptocurrencies are not real currencies, according to European Central Bank president Mario Draghi Go to Source Powered by WPeMatico
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Europe, Japan and the ‘Drug’ of Quantitative Easing
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
The Daily: Binance Tests Fiat Exchange, Russians Mull Crypto Platforms
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
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
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