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ECB Policymaker Looks to Hasten Crypto Rules amid Facebook's Libra

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In light of Facebook's upcoming Libra coin, European Central Bank (ECB) Executive Board Member Benoit Coeure is reportedly urging financial regulators to create a viable framework for crypto projects. According to Coeure in Southern France, where an economic conference is taking place, the growth of the crypto industry is exposing the flaws of the existing regulatory landscape as well as the...

Bitcoin No Threat Yet but Crypto 'Phenomenon' Needs Monitoring: European Central Bank

ECB, Crypto, Bitcoin

By CCN: The European Central Bank (ECB) has found that crypto does not pose risks to financial stability in the Eurozone. The central bank does recommend, however, that European legislatures create a uniform approach to crypto-assets. Crypto Market? Too Small to Matter, ECB Says The ECB has set up an advisory committee called the Crypto-Assets Task Force (ICA-TF) to examine the ramifications and...

Bitcoin 'Highly Risky,' Not a Real Currency: ECB's Mario Draghi

dow jones falls as mario draghi sparks recession fears

By CCN: A student asked European Central Bank (ECB) President Mario Draghi about his stance on Bitcoin. Draghi told the student that cryptocurrencies are not currencies, but "highly risky" assets. Mario Draghi: "Who Is Behind the Cryptocurrencies?" Watch again: Mario Draghi answers a student’s question on cryptocurrencies #ECBYouthDialogue #GenerationEuro pic.twitter.com/5VmHr3sxNw —...

Keep Your Hands Off Cryptocurrency, Economist Tells World Governments

jeffrey tucker bitcoin

Prominent economist and editorial director of the American Institute for Economic Research (AEIR), Jeffrey Tucker, has urged governments and central banks around the world to let go of the idea of creating state-backed cryptocurrencies and instead focus on the soundness of the fiat system and the banking system. “Leave Crypto Alone” In an editorial published in AEIR, Tucker stated that the...

ECB Unveils Instant Payment System, Claims It's 'Better' than Blockchain

And from a central bank no less. The world is just recognizing the countless applications of blockchain technology, not to mention the speed, security and simplicity at which transactions can be completed, and Yves Mersch of Luxembourg has suggested he's got something that can run circles around it. Mersch, an executive board member of the European Central Bank (ECB), told Bloomberg the...

ECB Member Detained in Anti-Corruption Probe (But Banks Continue to Finger Bitcoin as the Problem)

A member of the European Central Bank’s (ECB) governing board has been detained in an anti-corruption probe. ECB Member Detained in Anti-Corruption Probe Ilmars Rimsevics, who heads the Bank of Latvia, is suspected of demanding bribes amounting to at least 100,000 euros. He was detained last weekend as part of an anti-corruption investigation launched by the country’s Corruption Prevention and...

Central Banks Are Considering Cryptocurrency Regulations: ECB Council Member

Ewald Nowotny, the current president and governor of Austria’s central bank, the National Bank of Austria, and a member of the European Central Bank’s governing council, recently stated that central bankers and legislators are eyeing cryptocurrency regulations, while speaking at a conference in Florence, Italy. Nowotny stated: “We’re asking ourselves if legislators or central banks should...

We Aren't Ignoring Cryptocurrencies : European Central Bank Board Member

A member of the executive board at the European Central Bank (ECB) has asserted that the authority keeping tabs on cryptocurrencies. In an interview published in late October, ECB executive board member Benoît Cœuré touched on the institution’s stance on cryptocurrencies, deeming them as “speculative financial instruments” at a time when bitcoin nears its all-time high above $7,500 with value...

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