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.
Talk of CBDCs and Facebook's Libra headlined this week's policy news, as international organizations weigh in on both.
Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16
A digital euro would not replace cash, but complement it, says the European Central Bank.
European Central Bank seeks public input on digital euro
The report is only the start of the discussion and raises more questions before officially studying the digital euro.
ECB to consider further digital euro study in 2021
Banking will not become decentralized, but with blockchain, it will become accountable for both banks and clients.
European central bank execs are wrong — Intentionally or unknowingly?
Stablecoin runs could occur if users lose confidence in the issuer or its network.
Europe's central bank is concerned about possible runs on stablecoins
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?
Geopolitical fallout of central bank digital currencies
Despite stablecoins posting triple-digit market cap growth this year, competition from projects backed by major financial and tech corporations is on the horizo...
Stablecoins post triple-digit growth in 2020, but institutional rivals loom