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ECB in Full-On Emergency Mode as ‘Unprecedented Decline’ Hits Eurozone


The euro area is facing an “unprecedented” economic decline, the worst since records began. European Central Bank (ECB) President Christine Lagarde paints a picture of a central bank in full-on emergency mode after the bank kept its interest rates unchanged. Unprecedented Economic...

'Market-led' Currencies Can Live Alongside Digital Euro - ECB Board Member


Fabio Panetta. While global regulators are warning about the risks of cryptocurrencies and private money initiatives such as Facebook's Libra, a member of the Executive Board of the European Central Bank (ECB) made a somewhat surprising statement in support of "market-led initiatives." In...

Crypto Experts Join OECD ‘High Level’ Advisory Board


The Organisation for Economic Cooperation and Development, an intergovernmental body with 36 member countries, has formed “a high-level expert group” which includes executives from the crypto industry. They will provide advice in helping develop international blockchain policy...

EU Countries Commence Crypto Regulations as Mandated by New Directive


The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Regs...

G7 Member Issues Warning of Digital Yuan ‘Dangers’


Taro Aso. Source: a video screenshot, Youtube, Milken Institute Japan’s Finance Minister Taro Aso has warned bankers in the country of potential problems caused by China’s forthcoming digital yuan launch – hinting that a Beijing-issued digital fiat could cause a rift between Tokyo...

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