European System of Central Banks [ESCB] confirms exploring crypto-assets and stablecoins to further financial innovation

2019-9-27 15:18

The European Central Bank confirmed earlier today that the European System of Central Banks [ECSB] is looking to explore new technologies and innovations to improve the financial sector, something which is in line with their mandate.

The letter was addressed to Ms. Eva Kaili, a Greek politician and a member of the European parliament, popular […]

The post European System of Central Banks [ESCB] confirms exploring crypto-assets and stablecoins to further financial innovation appeared first on AMBCrypto.

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China is following Facebook’s playbook to issue a centralized digital currency

China‘s upcoming state-controlled digital currency is to be similar to Facebook‘s proposed coin, which makes total sense, because Libra isn’t really a cryptocurrency. Mu Changchun, deputy director of payments at China‘s central bank, explained the country was issuing its digital currency “to protect our monetary sovereignty and legal currency status,” Reuters reports.

2019-9-6 15:44


Dutch Central Bank Orders Crypto “vulnerable to financial crime” Companies to Register

De Nederlandsche Bank to regulate crypto companies starting from January 10, 2020 The move came under the fifth European anti-money laundering directive De Nederlandsche Bank would begin regulating companies that offer cryptocurrency services, starting from January 10, 2020, announced the Dutch central bank on Tuesday.

2019-9-3 18:59


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European Central Bank bigwig outlines why Facebook’s Libra isn’t real cryptocurrency

A representative of the European Central Bank (ECB) has slammed Facebook‘s quasi-cryptocurrency Libra, referring to its proposed ecosystem as a “siren call. ” Yves Mersch, Luxemborgian lawyer and ECB executive board member, even told attendees of the European System of Central Banks’ legal conference the Libra ecosystem will be “cartel-like.

2019-9-2 15:36


Libra’s launch could weaken ECB’s ability to set financial policies, says ECB Board Member

Facebook’s Libra continues to face resistance from institutions across the globe. Yves Mersch, ECB Board Member, was the new entrant to join the list of Libra’s critics. Yves Mersch, who is a former Governor of Luxembourg Central Bank, believed that the proposed virtual asset’s launch could weaken European Bank’s ability to introduce monetary policies and […] The post Libra’s launch could weaken ECB’s ability to set financial policies, says ECB Board Member appeared first on AMBCrypto.

2019-9-2 15:13


European Central Bank: Stablecoins May Be Vulnerable To Regulatory Uncertainty

The European Central Bank (ECB) has recently emitted a new report on the cryptocurrency market. This time, the banking institution approached the issues with stablecoins. The latest report touches on questions such as whether stablecoins can be a solution for the volatility of the crypto market and whether or not they have dangers related to […]

2019-8-30 22:54


European Central Bank: “Bitcoin is Not a Currency But an Asset that is Very Volatile”

Bitcoin has unarguably gained massive adoption of recent and there are hopes that someday, it could potentially become a global currency. However, the European Central Bank, the Central bank for Europe’s currency Euro in a tweet on July 9, 2019, stated that it has no plans to add Bitcoin to its reserves because Bitcoin is […] The post European Central Bank: “Bitcoin is Not a Currency But an Asset that is Very Volatile” appeared first on ZyCrypto.

2019-7-10 15:34


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ECB Executive Says Libra Crypto Is a Wakeup Call to Regulators

An Executive Board Member of the European Central Bank (ECB), the financial institution responsible for administering monetary policies within the Eurozone, has opined that financial watchdogs across the globe must now fast track the process of regulating bitcoin (BTC) and other blockchain-based digital assets, as more and more institutions like Facebook join the bandwagon, reportsRead MoreRead More.

2019-7-8 13:35


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