The European Central Bank is not planning on issuing its own digital currency under current conditions, President Mario Draghi has confirmed.
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.
- Bitcoin Will Hit $1 Million, Says IBM’s VP of Blockchain Jesse Lund
- Latin America’s Largest Investment Bank to Launch Its Own Security Token
- Crypto Markets Show Slight Decline, as Do Dow Jones Industrial and S&P 500
- UAE’s Largest Real Estate Firm Emaar Denies Reports That It Accepts Crypto: Bloomberg
- Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin, Cardano: Price Analysis, Feb. 20