Central banks must revise business model, embrace CBDCs — ECB member
Bundesbank’s president Joachim Nagel urged central banks to revamp their business models and adopt digital currencies during the BIS Innovation Summit. Go to Source
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ECB Economists: Bitcoin Fails to Become Global Decentralized Digital Currency, BTC’s Fair Value Is Still Zero
The European Central Bank (ECB) has published a blog post claiming that “bitcoin has failed to fulfill its original promise to become a global decentralized digital currency.” The ECB economists who authored the post added that bitcoin’s fair value is still zero and bitcoin transactions are “still inconvenient, slow, and costly.” Moreover, they asserted that … Read more
Bitcoin is up 170% since the ECB called its ‘last gasp’ at $16.4K
Bitcoin does the complete opposite of what the EU’s central bank warned about in late 2022. Go to Source
Bitcoin critic, ECB chief Lagarde says her son ‘ignored’ her, lost money on crypto: Report
European Central Bank chief Christine Lagarde reportedly said her son ignored warnings against crypto investments and lost “about 60%” of his money. Go to Source
BIS general manager urges central banks to “lead innovation” for CBDCs
Agustín Carstens called CBDCs the “central element” of central bank leadership in innovation. Go to Source
Project mBridge reveals details of its workings ahead of MVP, commercial debut
Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is. Go to Source
Future of DAOs limited by lack of regulatory framework: ECB Occasional Paper
Uncertain regulatory conditions continue to have a negative impact on the sustainable growth of the DAO ecosystem, revealed a new European Central Bank occasional paper. Go to Source
Digital euro can ward off a host of private payment service ills: ECB official
Private payment services can gain a monopoly over services with no benefit to other market players or economic stability, ECB board member Fabio Panetta said. Go to Source
Spanish central bank official talks about private payment services in era of digital euro
Banco de España deputy governor Margarita Delgado voiced concern about financial stability issues but painted a rosy picture for nonbank financial services providers. Go to Source
ECB official labels crypto as ‘deleterious’ with ‘no societal benefits’ in scathing speech
According to Fabio Panetta, the volatility of crypto and aspects of blockchain technology made digital assets only suitable for gambling. Go to Source Powered by WPeMatico