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Get Real, Lagarde — The Underlying Asset ‘Guaranteeing’ Your Euro Scam Coin Is a Gun
24.5.2022
With the approaching tsunami of central bank digital currencies (CBDCs) looming ever closer, it shouldn’t come as a surprise when central banks shill their coins at the expense of sounder assets. Recently, European Central Bank president Christine Lagarde went so far as to say that...
Even Christine Lagarde's Son Doesn't Listen to Her Warnings About Crypto
23.5.2022
Christine Lagarde, the President of the European Central Bank (ECB), has stated that cryptoassets should be regulated and are worth nothing – but has admitted that her son is a crypto investor.
Lagarde was speaking during an episode of the long-running Dutch TV talk show “College Tour,” which...
Cryptocurrency Is ‘Based on Nothing,’ Should Be Regulated, ECB’s Lagarde Says
21.5.2022
President of the European Central Bank Christine Lagarde has insisted that unlike a digital euro, cryptocurrency has no underlying asset. It should be regulated to prevent people from losing their life savings by speculating on crypto assets, the top ECB official has suggested. Cryptocurrency...
Cyprus Drafts Crypto Rules, May Introduce Them Before EU Regulations
20.5.2022
Cyprus has prepared its own legislation to regulate crypto assets and is likely to adopt it before Europe finalizes a common regulatory framework, a government official has indicated. The authorities in Nicosia welcome the “careful” use of cryptocurrencies, he added. Government...
Digital euro could come as soon as 2026 — ECB official
16.5.2022
Commenting on the recent market volatility, Fabio Panetta also said stablecoins were still “vulnerable to runs,” just as investing in cryptocurrencies carried certain risks
Digital Euro Could Come Out Within Four Years, ECB's Panetta Says
16.5.2022
Peer-to-peer payments among friends could be a first test case, though no final decision’s yet taken, Fabio Panetta said of the central bank digital currency (CBDC)
CBDCs Are Likely to Make You Less Anonymous
15.5.2022
Central bank digital currencies (CBDCs) are coming, while several are already here. For central banks, they provide a means of lubricating and digitalizing the global economy, with a November report from JPMorgan and Oliver Wyman concluding that CBDCs could save companies USD 100bn...
ECB lays out ‘anonymous’ digital euro as public opposes ‘slavecoins’
13.5.2022
The ECB drops another working paper on the digital euro causing more outrage from Europeans opposing a central bank digital currency
ECB Favors Transparency Over Privacy in Digital Euro Design, Presentation Reveals
5.5.2022
The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has indicated. In the document, the monetary authority explores different privacy options for...
Proposed digital euro designs lack privacy options, ECB presentation shows
4.5.2022
Transactions via the EU’s prospective CBDC could be transparent to intermediaries, as any non-crypto digital transactions are
Eurosystem Seeks Providers of Prototype Payment Solutions for Digital Euro
1.5.2022
Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator....
ECB, Eurosystem begins experimental prototyping of digital euro customer interface
29.4.2022
Up to five banks or other payment services providers will be selected to participate without compensation in the development of the digital euro front end
Top ECB Official Ramps Up Anti-Crypto Rhetoric, Calls for Global Regulations
28.4.2022
Comparing the rise of crypto assets to the gold rush, a top executive at the European Central Bank has urged governments to take action to prevent “a lawless frenzy of risk-taking.” Speaking in the U.S., the ECB official called for a global regulatory clampdown on cryptocurrencies...
ECB needs 'globally coordinated regulatory action' on crypto, says official
25.4.2022
One of Fabio Panetta’s concerns seemed to be how the ECB and lawmakers address the taxation of cryptoassets, describing current requirements as “minimal."
ECB's Panetta Blasts Crypto as ‘Ponzi Scheme’ Fueled by Greed
25.4.2022
The central banker compared crypto market dynamics to the 2008 financial crisis and called for extra regulation and taxes
'There are already digital means of payment:' EU Commission gets 11,000 public comments on CBDC project
19.4.2022
Less than two weeks after the consultation process' start, the prevalent mood in the comments section appears quite negative
ECB to Cease Bond Purchases in Q3, Lagarde Says EU’s Economic Rebound ‘Crucially Depends on How the Conflict Evolves’
14.4.2022
After the inflation rate in the eurozone reached a high of 7.5% in March, the European Central Bank (ECB) and the bank’s president Christine Lagarde explained on Thursday the central bank’s bond purchases will cease in Q3. Reiterating what she said at a press conference in Cyprus...
Bitcoin Fluctuates as European Central Bank Offers Cautious Tone on Monetary Policy Tightening
14.4.2022
The European Central Bank (ECB) said it will stick to its plan to end its stimulus program and tighten monetary policy, but kept options open in light of uncertainty over the economic impact of the war in Ukraine. Bitcoin (BTC) reacted by moving slightly higher on the news before correcting...
ECB executive board member talks about current state of digital euro CBDC research
8.4.2022
Fabio Panetta outlined recent findings and remaining challenges while emphasizing the necessity of a well designed European CBDC
European Inflation Skyrockets to Record 7.5% — ECB Chief Lagarde Expects Energy Prices to ‘Stay Higher for Longer’
3.4.2022
While inflation continues to roar in the U.S., the inflation rate in the eurozone tapped another high last month reaching 7.5% in March. Energy and food prices have soared throughout the 19 member state economies, and ​​European Central Bank president Christine Lagarde expects energy...