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The European Central Bank (ECB) wants to play an active role in the field of digital currency, said President Christine Lagarde. As the bank works on its own digital currency and an instant payment system, Lagarde emphasizes that “central bank initiatives should neither discourage nor crowd out private market-led solutions for fast and efficient retail … Read more
At her first press conference as head of the European Central Bank (ECB), Christine Lagarde outlined her plans to lead the ECB “ahead of the curve” in the field of digital currency. “There is clearly a demand out there that we have to respond to,” she said, referring to stablecoins. Also read: Regulatory Roundup – … Read more
China has been on a roll with a series of crypto-related announcements. President Xi Jinping’s speech to accelerate the development of blockchain technology in China was followed by the passing of a cryptography bill. Meanwhile, China’s Center for Information and Industry Development has continued to evaluate and rank crypto projects, and the central bank is … Read more
Blockchain development has kind of become an element of the party line in the world’s largest officially communist state. The General Secretary of the Communist Party of China, Xi Jinping, recently told a Politburo meeting that the People’s Republic has to gain an edge in the emerging field. Some say Xi’s statement brought back the … Read more
Preparing for a change at the top, the European Central Bank has decided to keep interest rates on hold and at their all-time lows. Mario Draghi, who had his last monetary policy meeting as president of the ECB, is leaving after an eight-year term during which key rates were never raised. At the subsequent press … Read more
The new administration in Kiev, headed by the young president Volodymyr Zelensky, has brought renewed interest in cryptocurrencies. Fresh energy is now being injected into efforts to legalize decentralized digital money and regulate related economic activities. New draft laws have been proposed or are under preparation to accommodate the nascent industry, from which the Ukrainian … Read more
Uruguay, nicknamed South America’s Switzerland, has always taken a positive attitude towards the development of science and technology and information economy as well as science and technology services, thus becoming the first Latin American country to step into 5G information this year. Miss Foo, founder and CEO of SCRY, has good business connections in the … Read more
U.S. Congress has shown that it is starting to care about cryptocurrency as a number of lawmakers spoke up in favor of it this week. “The world Satoshi Nakamoto had envisioned is an unstoppable force” and “there’s no capacity to kill bitcoin” are some of the comments made by lawmakers. Meanwhile, the Fed chair said … Read more
The cryptosphere was rubbing its hands with glee when U.S. president Donald Trump fired off a typically cantankerous tweetstorm on June 11 in which he took aim at Bitcoin, cryptocurrencies and Libra. Bitcoiners relished the sudden attention directed towards their sphere from the president’s 62 million-strong Twitter account, but took issue with the veracity of … Read more
In Friday’s roundup of news from across the cryptosphere, we look at the rise of U.S. presidential candidate Andrew Yang and his acceptance of cryptocurrency donations. We also detail a new partnership between Kleros and Ethfinex that will see the Ethereum-based exchange utilize crowdsourced jurors to govern token listings. Finally, we round up news from … Read more
