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ECB Executive Board Member Says There is a Requirement of ‘Highest Regulatory Standards’ on Stablecoins
18.10.2019
Benoit Coeure, the respectable Executive Board Member of the European Central Bank, has urged a need for a stringent supervisory framework for governing digital currencies and stablecoin projects like Facebook’s Libra, stated a report by Bloomberg on Thursday, i.e., October 17. Mr. Benoit in...
Major German Coop Bank Passes Negative Interest Rates to Customers
9.10.2019
One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about...
Bank of Japan Eyes Lower Rates for Halloween as Negative Global Trend Continues
1.10.2019
In a recent rate review meeting of the Bank of Japan (BoJ), bank governor Haruhiko Kuroda and others on the nine-member board urged leaving all options on the table, where further cuts to the country’s negative interest rate are concerned. The talk of further stimulus reflects an ever-growing...
Bankers Start to Recognize Bitcoin’s Role in Financial Evolution
29.9.2019
Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that...
ECB President: Stablecoins and Crypto Not Suitable Money Substitutes
27.9.2019
ECB president says stablecoins and crypto are not yet suitable as money substitutes
BTC and Quantitative Easing: What’s the Correlation to Crypto?
26.9.2019
Unconventional monetary policy is rife within the U.S. right now, and a step toward quantitative easing seems inevitable; BitMEX CEO Aurther Hayes believes this will send Bitcoin sky high, but will it?
Libra Crypto Is ‘Undoubtedly’ a Wakeup Call for Central Banks, Says ECB Exec
26.9.2019
The Facebook-backed stable coin solves problems and could create others
ECB Exec Says Libra Could Address Failings of Global Payments System
25.9.2019
Libra has been a wakeup call for banks to consider major issues in global payment systems, an ECB board member says
Here’s How Europeans Can Deal With Negative Interest Rates
17.9.2019
Low and negative interest rates have been a burden for account holders across Europe for some time. And it’s only getting worse, as the European Central Bank just announced a new rate cut to a record low of -0.5%. Private and corporate customers in many countries on the continent don’t...
ECB Official: Stablecoins Pose Risks to Public Policy Priorities
16.9.2019
Benoit Coeure of the European Central Bank says that stablecoins like Libra pose serious risks to public policy priorities
European Countries Step Up Response to Facebook’s Libra
16.9.2019
The European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra...
Facebook to Be Quizzed by ECB & Central Banks + 8 More Crypto Briefs
16.9.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
The European Central Bank (ECB) and the heads of a number of central banks will quiz Facebook over its forthcoming...
Global Central Banks to Question Facebook-Led Libra Over Financial Risks
16.9.2019
The Libra Association is to be grilled by 26 central banks over the perceived risks to financial stability posed by the crypto project
At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows
16.9.2019
In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession....
Central Banks to Meet With Libra Founders in Switzerland on Monday
15.9.2019
A forum of central banks will meet with Libra on Monday to assess the purported financial stability risks of the project
Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin
14.9.2019
In a recent tweet, U.S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less.” The bombastic politician stressed the need for America to refinance its debt, trailing off with some superficially...
IMF Chief Christine Lagarde Encourages Open Cryptocurrency Regulation
4.9.2019
Central banks and regulators should protect consumers while being open to innovation like crypto, says outgoing IMF chief Christine Lagarde
ECB’s Yves Mersch Warns Libra Cryptocurrency Is ‘Facebook’s Siren Call’
2.9.2019
Facebook’s Libra stablecoin is “beguiling but treacherous,” according to European Central Bank key legal official Yves Mersch
ECB’s Mersch Warns Over ‘Treacherous Promises’ of Facebook Libra
2.9.2019
The central bank board member has warned of the threat posed by Facebook's Libra to monetary policy and consumers in the EU
ECB: Stablecoins Could be Rendered Useless by Financial Institutions
30.8.2019
Euro symbol in front of the European Central Bank in Frankfurt, Germany. If financial institutions were to use DLT (distributed ledger technology) to record traditional assets, such as commercial bank money and regulated electronic money, stablecoins could be rendered redundant, claims the paper...