European Commission adopts digital finance package for crypto and blockchain
Europe is one step closer to getting a concrete legal framework for digital finance. Go to Source Powered by WPeMatico
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Digital euro will not be ‘a substitute for cash’: ECB President
“A digital euro could be a complement to, not a substitute for, cash,” Lagarde said. Go to Source Powered by WPeMatico
EU to see comprehensive crypto regulation by 2024
Crypto continues its trek into the mainstream. Go to Source Powered by WPeMatico
Privacy laws might prove to be a blessing in disguise for crypto
With government agencies getting more savvy at tracing blockchain transactions, laws like the EU’s GDPR may play a role. Go to Source Powered by WPeMatico
European Union Seeks Strict Regulation of Crypto and Stablecoins in New Draft Law
The European Commission, the executive arm of the E.U., has drawn up regulation to tightly monitor cryptocurrencies it considers “significant”, including asset-backed stablecoins like Facebook’s libra. Euractiv, a European news outlet, first reported the news on Sept.10, citing a leaked 167-page draft crypto proposal. According to the report, the regulation will seek to tackle bitcoin’s … Read more
EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money
The world’s bureaucrats have been on a money creation spree and on July 21, the European Union approved an unprecedented $2.1 trillion coronavirus relief budget. Additionally, American leaders are in the midst of approving a new stimulus relief act amid July’s unemployment extension benefits expiring. Reports say that the estimated $3 trillion HEROES Act will … Read more
Brexit as Crypto Case Study? Britain Contemplates Its CBDC
The governor of the Bank of England acknowledged that the U.K. is considering the issuance of a CBDC. Go to Source Powered by WPeMatico
Global Compatibility Is A Key Factor In The CBDC Race, Says Expert
CBDCs will have to be internationally interoperable to become globally adopted, says a Hong Kong University expert. Go to Source Powered by WPeMatico
Regional CBDCs Can Fuel International Trade, but USD Seems Unbeatable
As Libra and COVID-19 give a push to CBDCs, some projects are looking to dethrone the main international currency. Go to Source Powered by WPeMatico
500 Estonian Crypto Companies Lose Permits After $220B Scandal
Estonia is withdrawing permits from hundreds of crypto companies following Europe’s biggest money laundering scandal. Go to Source Powered by WPeMatico
