Benoit Coeure of the European Central Bank says that stablecoins like Libra pose serious risks to public policy priorities
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Benoit Coeure of the European Central Bank says that stablecoins like Libra pose serious risks to public policy priorities
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The European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra can be regulated under EU laws. Also read: India’s Popular ‘Who […]
The post European Countries Step Up Response to Facebook’s Libra appeared first on Bitcoin News.
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A forum of central banks will meet with Libra on Monday to assess the purported financial stability risks of the project
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In a recent tweet, U.S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less.” The bombastic politician stressed the need for America to refinance its debt, trailing off with some superficially conservative speak about the U.S. and its “great currency, power, and balance […]
The post Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin appeared first on Bitcoin News.
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Cryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant to get their feet wet. Smaller banks, however, are more willing to occupy this […]
The post Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will appeared first on Bitcoin News.
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FINMA director Mark Branson has rebuffed the notion that Facebook’s choice of Switzerland for the Libra Association HQ was a matter of regulatory arbitrage
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Switzerland’s financial watchdog issues new stablecoin guidelines, outlines its requirements for the Libra Association’s proposed stablecoin payments network
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The organization tasked with governing Facebook’s planned stablecoin network has revealed it is applying for a payment system license with Switzerland’s financial watchdog
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Blackmoon exchange to list the Gram token via a partnership with a crypto custodian that claims its clients were among the largest investors in Telegram’s ICO
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This week’s selected cryptocurrency and blockchain news from the German-speaking world, courtesy of Cointelegraph auf Deutsch
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