ECB Favors Digital Euro Over Stablecoins
Christine Lagarde, President of the ECB, questioned the necessity of issuing European stablecoins to protect monetary sovereignty.European Central Bank
ECB Favors Digital Euro Over Stablecoins
Christine Lagarde, President of the ECB, questioned the necessity of issuing European stablecoins to protect monetary sovereignty.
ECB Warns of ‘Financial Contagion’ Risk from US Crypto Policies, Reports Politico
ECB fears that US President Donald Trump’s support for the crypto industry could trigger ‘financial contagion’ and harm Europe’s economy. This is reported by Politico citing an internal document from the regulator. The bank is concerned about the potential strengthening of dollar-backed stablecoins. According to the ECB, the existing MiCA regulations in the EU may […]
ECB Member Warns US of Cryptocurrency Policy Risks
The United States’ approach to cryptocurrency and non-bank financing could lead to another financial catastrophe, according to François Villeroy de Galhau, a member of the governing council of the ECB. “The United States risks erring through negligence. Financial crises often begin in the US and then spread globally. By supporting crypto-assets and non-bank financing, the […]
Study Reveals European Disinterest in Digital Euro
Citizens of the eurozone show little interest in a digital euro and perceive limited value in central bank digital currencies (CBDCs). This conclusion was reached by analysts at the ECB, who examined responses from 19,000 participants across 11 EU countries. The average household allocated only a small portion of a hypothetical €10,000 distribution to its […]
EU Lawmakers Question Digital Euro Amid ECB System Outage
A disruption in the payment system of the ECB has raised fresh doubts among lawmakers about the regulator’s ability to implement a national digital currency (CBDC) project, according to Reuters. Issues with the Target 2 (T2) system late last month resulted in transaction delays of a day. The cause was an error in the initial […]
ECB Adviser Deems Bitcoin Unsuitable for National Reserves
Jurgen Schaaf, an adviser to the ECB, believes that Bitcoin is not suitable for national government reserves. He made this statement in an interview with Cointelegraph. According to the expert, the first cryptocurrency is an unreliable instrument due to its high volatility, lack of real economic value, and susceptibility to manipulation. “Bitcoin will not strengthen […]
Czech Central Bank Considers Bitcoin for Reserve Diversification
The Czech National Bank (CNB) has approved a proposal to explore investment opportunities in additional asset classes, including Bitcoin. Based on the findings, the board will decide on the next steps. If the outcome is positive, the Czech central bank will become the first known regulator to hold digital gold. The initiative was proposed by […]
Central Bank Policies Support Bitcoin’s $100,000 Level, Says Expert
Bitcoin maintains the psychological threshold of $100,000, buoyed by investors’ high risk appetite, which is fuelled by central banks’ monetary easing. This view was expressed by Jag Kuner, head of derivatives at Bitfinex, in a conversation with The Block.
ECB: Early Bitcoin Adopters Exploit New Holders
The ever-increasing price of the first cryptocurrency will benefit only early asset holders and lead to the impoverishment of the rest of society, threatening cohesion, stability, and democracy. This is stated in a report by the ECB. Economists Ulrich Bindseil and Jürgen Schaaf argue that Satoshi Nakamoto’s original idea of Bitcoin as an international payment […]
ECB Reaffirms Bitcoin’s ‘Zero Value’ Stance
The fair value of Bitcoin remains zero, despite the approval of spot Bitcoin ETFs in the US and the preceding price rally, according to experts at the ECB. In November 2022, Ulrich Bindseil, Director General for Market Infrastructure and Payments, and Jürgen Schaaf, an advisor to the institution, published an article titled “Bitcoin’s Last Stand.” […]We use cookies to improve the quality of our service.
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