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.
“Stablecoins are pretending to be a coin, but in fact it’s completely associated with an actual currency,” said Christine Lagarde.
Stablecoins are assets — not currencies, says ECB president
Spain’s oldest active political party is reportedly looking to create a public digital currency.
Spanish Socialist Workers' Party pens public digital currency initiative
The European Central Bank should rely on public-private cooperation for issuing a digital euro, an exec at BBVA’s digital regulation team said.
Demand for digital euro not yet clear, says BBVA exec
Unlike private companies, the ECB has “no commercial interest” in monetizing users’ data, the ECB executive board member argued.
Digital euro offers better privacy protections than private stablecoins: ECB official
Banks in smaller countries like Latvia, Estonia and Greece could be more seriously impacted by the digital euro, analysts said.
Digital euro could drain 8% of bank deposits, Morgan Stanley says
Greenpeace has said its facility for accepting Bitcoin donations will be scrapped as it is “no longer tenable” in light of the climate crisis.
Greenpeace to stop accepting Bitcoin donations over environmental concerns
European Central Bank vice president Luis de Guindos is expecting more sudden price swings for cryptocurrencies as the market sheds $750 billion in a week.
ECB VP says crypto has weak fundamentals and is not a real asset amid 30% dip