Newsletter
Talk of CBDCs and Facebook's Libra headlined this week's policy news, as international organizations weigh in on both.
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ECB News
The European Central Bank or ECB is the central bank of the eurozone that is the emitter of euro currency and an administrator of EU monetary practices. The Central Bank of the European Union is one of the most influential financial authorities in the world. ECB regularly publishes reports, prognoses and research that largely affects the world’s economy and governmental measures of many countries, especially in EU. The European Central Bank has absolutely no connection to ECB Publishing, Inc — an American publishing company. ECB rule violations may become the reason for billion-dollar fines, the shut down of major banks and even punishment of countries. ECB is famous for its independence, democratic approach to discussion and decision-making, and for its transparency in voting processes. The regulation of Bitcoin has been discussed within the ECB, but there are no restrictions or policies established yet.
- News
A digital euro would not replace cash, but complement it, says the European Central Bank.
2612 - News
The report is only the start of the discussion and raises more questions before officially studying the digital euro.
14118 - Opinion
Banking will not become decentralized, but with blockchain, it will become accountable for both banks and clients.
7510 - News
Stablecoin runs could occur if users lose confidence in the issuer or its network.
7279 - Opinion
China might lead the charge into the digital economy, but will being the first major economy to launch a CBDC be enough to win global reserve currency status?
9031 - News
Despite stablecoins posting triple-digit market cap growth this year, competition from projects backed by major financial and tech corporations is on the horizon.
6662 - News
The digital yuan will not unseat the U.S. dollar — at least not right away.
11744 - Analysis
In the EU, getting laws right on Libra could be the best way to speed up a digital euro from the European Central Bank.
4015 - Opinion
The European Union’s 5AMLD has been adopted as the first regulation in Romania of virtual currencies, crypto-wallets and fiat-crypto exchange platforms.
11485 - Opinion
CBDCs will be the leading digital currencies of the future, and only the competition between various models will determine the winner.
4611 - Expert Take
The coronavirus pandemic has forced governments worldwide to focus on bringing blockchain tech to their financial services.
5196 - Markets News
Coronavirus will inflate the EU bad debt mountain, and banks should be shielded, while an official speaks highly of so-called “bad banks.”
3635 - Markets News
As the European Central Bank doubles its emergency asset purchase program, Bitcoin seems an ever stronger fiat opt-out.
5323 - News
European Central Bank executive board member Yves Mersch believes that the main impediment for CBDC is philosophical rather than technological.
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