European Central Bank’s former president Jean-Claude Trichet said that Bitcoin lacks the characteristics of a currency and is purely speculative
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European Central Bank’s former president Jean-Claude Trichet said that Bitcoin lacks the characteristics of a currency and is purely speculative
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An EU draft law considers issuing a digital currency and banning high-risk crypto projects in the union
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Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and of growth rather than the protection of savers?” Regarding former […]
The post ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’ appeared first on Bitcoin News.
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Through their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks are almost never part of the due democratic process. Also […]
The post Why Central Banks Are Not Designed for Democracies appeared first on Bitcoin News.
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British lawmakers have voted to postpone a crucial Brexit vote and forced Prime Minister Boris Johnson to ask the EU for an extension. News.Bitcoin.com talked to the CEO of a local crypto exchange to find out the effects a no-deal Brexit could have on the crypto industry. Also read: SEC Wants Second Look at Bitwise […]
The post ‘No-Deal Brexit Huge Positive for UK Cryptocurrency’ – How Brexit Could Affect the Industry appeared first on Bitcoin News.
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The dominance of the U.S. dollar as the global reserve currency is being robustly challenged on all fronts. Other geopolitical powers and smaller but important players are unwilling to accept the political influence Washington exerts through its fiat money. And in times of trade wars, sanctions, and even tensions between allies, the push to dethrone […]
The post Turkey Throws Another Wrench Into the USD’s Works and Joins Russian Swift appeared first on Bitcoin News.
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Relations between Belarus and Russia have always been quite complicated. The union the two close allies created has faced all kinds of challenges over its 20 plus years of existence. Now cryptocurrency is becoming a new apple of discord, as Minsk has taken a relatively friendly approach to regulating decentralized assets, while some in Moscow […]
The post Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies appeared first on Bitcoin News.
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Libra tries to convince France and Germany of its merits by going through EU
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EU politicians eye up “Eurocoin” to battle Libra in Europe as the lawmakers and central bankers fear that private currencies can disrupt economies and sovereignty
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Brexit, the European divorce saga that has been going on for years, has created a lot of headaches for politicians and ordinary people on both sides of the Channel. The process of Britain leaving the European Union is now heading towards another one of its deadlines while London and Brussels are trying to separate with […]
The post How Cryptocurrencies Can Mitigate Some of Brexit’s Negative Effects appeared first on Bitcoin News.
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