The ECB working paper intended to identify CBDCs related challenges, areas of agreement, and research needs, such as user preferences. The creation of central bank digital currencies (CBDCs), according to the European Central Bank (ECB), looks to be the "sole answer" that would ensure the "smooth continuance" of the current monetary system. The remarks were […] The post...
European Central Bank (ECB) wants to find the finest cross-border payment system because it serves the 19 eurozone countries. In a recent study on choosing the best cross-border payment method, the European Central Bank (ECB) declared central bank digital currencies (CBDCs) the winner over rivals including banking, Bitcoin (BTC), and stablecoins, among others. Given that […] The post...
The European Central Bank’s mishandling of the money printer has endangered the eurozone. Bitcoin offers an alternative that separates money from the state.This is an opinion editorial by Marie Poteriaieva, a Ukrainian-French crypto industry observer and educator, following the space since 2016.Something is rotten in the European Union.The euro has reached parity with the U.S. dollar for the...
Summary: The European Central Bank has recommended urgent stablecoin regulation, citing UST's recent collapse and losses faced by its holders. The ECB also states that algorithmic stablecoins should be treated as unbacked crypto assets due to their risks. The ECB recommends using the recently passed MiCA bill and the Financial Stability Board recommendations as a guide toward global stablecoin regulation. The European Central...
Both Jerome Powell and Christine Legarde held recent press conferences where they place blame for inflation on factors outside their control.Watch The Episode On YouTube or...
Christine Lagarde, president of the European Central Bank (ECB), expressed her belief that there needs to be more monitoring placed on this area of the cryptocurrency lending market. Christine Lagarde discussed the rising lending and staking of crypto-assets during her evidence before the European Parliament on Monday, June 20. She also discussed the impending inflation […] The post...
The European Union (EU) proposed a new approach to crypto regulation in October 2020. At that time, Bitcoin and other larger cryptocurrencies were about to begin an ascend into price discovery. This has attracted the attention of relevant actors within the EU and its central bank. Related Reading |...
A report by the Federal Reserve (Fed) is shedding some light on crypto owners in the United States. As crypto exchanges call for global adoption of cryptocurrencies, where do US consumers stand? A ...
The European Central Bank (ECB) released a report on Tuesday, May 24, that stated that one in ten households in the Eurozone owns crypto-assets such as Bitcoin. However, the wealthy are marginally more likely to hold them than the poor. In a pre-released...
The European Central Bank (ECB) said on Tuesday that cryptocurrencies are largely unsuitable as an investment or a store of value. The bank said if the current growth and market integration of cryptocurrencies persists, they could pose a bigger threat to the economy. But it still sees their popularity growing, especially among retail investors. So...
Jerome Powell and Christine Lagarde don’t agree on every point during their IMF “debate.” We analyze how globalization affects Europe and the U.S. differently.Watch This Episode On YouTubeListen To The Episode...
Is crypto already putting down CBDCs? The European Central Bank (ECB) has been researching and discussing a CBDC project called the Digital Euro for a while. They launched a public consultation to understand common needs & expectations for a Digital Euro. The feedback has been extremely negative. Unwanted This is...
“Research about central bank digital currencies (CBDCs) is much more than just a game,” said Fabio Panetta, member of the Executive Board of the European Central Bank (ECB).
As conflict and crypto grow intertwined and moral quandaries emerge, European Central Bank President Christine Lagarde has advocated for swift ratification of crypto legislation. Authorities are concerned that Russia may utilize digital assets to evade sanctions. Europe relies on Russia for 40% of its natural gas supply, prompting the imposition of Swift penalties. Governments and other...
Ever since Facebook, now Meta, launched the Libra (Diem) project in 2019, in partnership with twenty or so other companies, including MasterCard and Visa, nation-states worldwide have been in a hurry to develop digital versions of their sovereign currencies, also known as Central...
Inflation is on the rise in many parts of the world. On Wednesday, The U.S. Federal Reserve reported a CPI inflation of 7.0% for December. Following this trend, the inflation rate of the Swedish krona SEK rose to 4.1% in December, a strong increase from November’s inflation rate of 3.6%. These levels of inflation have not been seen since December 1993, almost 29...
The ECB weights in favor of incorporating a digital euro. The vision's details were shared by Fabio Panetta, a member of the executive board of the European Central Bank (ECB). The possibility of a European CBDC for retail payments started being discussed at the beginning of the year by the central bank and was put into a 24 month "investigate phase"...
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