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The European Central Bank releases a second report on digital currencies criticizing “stability” while struggling to bail out its failing members in a way which will guarantee future economic health and growth.
ECB report suggests that digital currencies can "jeopardize financial stability," Coinnect launches new "rebittance" in Argentina and Mexico, Google announces Android Pay, and more top stories for March 3, 2015.
Italy's Financial Intelligence Unit (FIU), an organ of the Central Bank in charge of combating money laundering and terrorist financing, issued a statement warning digital currency businesses to stay vigilant regarding suspicious activities due to the lack of AML/KYC requirements for Italian companies.
The European Central Bank (ECB) says it is testing the blockchain technology to improve bank security payment systems and for other purposes.
Europe’s top bank warns EU members against digital currencies for fear of losing control.
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