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Blockchain Day Emirates • December 15, 2018

Blockchain Day Emirates – is an event that brings together the world’s leading visionaries, innovators, and thinkers to explore new…

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Tag: ECB

European Central Bank Executive Dubs Crypto “Evil Spawn” of Financial Crisis

Category: Bitcoin, Commentary, Finance, News, Regulation

European Central Bank Executive Dubs Crypto “Evil Spawn” of Financial Crisis

An executive board member of the European Central Bank (ECB), Benoit Coeure, dealt a verbal blow to bitcoin and the infant cryptocurrency industry when he termed the digital currency “a combination of a bubble, a Ponzi scheme, and an environmental disaster,” per a report by Bloomberg, published November 15, 2018. Bitcoin “Evil Spawn” of Financial Crisis Speaking at the Bank…

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ECB Concerned about the Spread of Cryptocurrency, Wants Global Response

Category: Bitcoin, News, Regulation

ECB Concerned about the Spread of Cryptocurrency, Wants Global Response

Executive board member of European Central Bank (ECB), Yves Mersch, recently recognized digital currencies have the potential to spread internationally and does not feel this is something regulators should continue ignoring. Mersch outlined that economies should prepare for a global response to cryptocurrency platforms as he expects the use of cryptocurrencies to continue with its current hype. In an interview…

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ECB To Toughen Stance on Virtual Currencies

Category: Bitcoin, News, Regulation

ECB To Toughen Stance on Virtual Currencies

The European Central Bank (ECB) is not a big fan of virtual money. That is quite an understatement, as the financial institution urges EU regulators to “curb the growth” of virtual money solutions. While there is no indication these pleas will lead to additional regulation in the European Union, it is another example of how the ECB is afraid of…

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