#European Central Bank News

European Central Bank Explores Anonymous Transactions With CBDCs

December 19, 2019 by Ashwath Balakrishnan at Altcoins

As part of a knowledge enriching proof of concept, the European Central Bank (ECB) studied the viability of anonymous transactions by implementing such a feature on its DLT based CBDC, which is strictly for research purposes at the moment. This experiment offered more clarity on the direction CBDCs could take...

European Central Bank (ECB) Ready to Launch Digital Euro to Improve Payments

December 5, 2019 by Edoardo Vecchio at Bitcoin

The European Central Bank (ECB) would be considering the possibility of issuing its own digital Euro if the private sector fails to guarantee a convenient changeover for cross-border payments. The news was published by Bloomberg on December 4. Jumping on the CBDC Ship The European Central Bank has joined the...

Facebook Heavily Criticized in Congressional Hearing, Zuckerberg Evades Specific Questions

Facebook’s Libra Slammed by European Central Bank Executive

September 3, 2019 by Edoardo Vecchio at Altcoins

According to news published on Bloomberg on Septemeber 2, Yves Mersch, an executive board member at the European Central Bank (ECB), stated that Facebook’s proposed Libra currency could undermine the European Central Bank’s ability to set monetary policy. You Can't be a Central Bank During the European Central Bank conference...

Christine Lagarde kickin back watching Libra and Bitcoin Fall

ECB Executive Says Libra Crypto Is a Wakeup Call to Regulators

July 8, 2019 by Ogwu Osaemezu Emmanuel at Regulation

An Executive Board Member of the European Central Bank (ECB), the financial institution responsible for administering monetary policies within the Eurozone, has opined that financial watchdogs across the globe must now fast track the process of regulating bitcoin (BTC) and other blockchain-based digital assets, as more and more institutions like...

Central Bank Digital Currencies May Come Sooner than Expected

July 1, 2019 by Edoardo Vecchio at Finance, Regulation

After the official announcement of Libra, Agustín Carstens, the general manager of the Bank for International Settlements (BIS), revealed that central banks may adopt digital currencies sooner than we expect. The fear is that big tech groups such as Facebook could establish a dominant position in global finance and pose...

European Central Bank Policymaker Backs Stablecoins over Bitcoin

May 16, 2019 by Mohammad Musharraf at Adoption, News, Regulation, Stablecoins

European Central Bank policymaker Francois Villeroy de Galhau believes that stablecoins can play an important role in the financial system as they aren’t as volatile as Bitcoin and other cryptocurrencies, reported Bloomberg, May 15, 2019. What’s Not Understood is Often Feared In the past seven days, Bitcoin’s price has reached...

ECB Policy Maker: Crypto Bubble Has Collapsed, Bitcoin Will Die as a Complete Load of Nonsense

January 8, 2019 by Aisshwarya Tiwari at Altcoins, Bitcoin, News

According to an article by Bloomberg, published on January 7, 2019, European Central Bank (ECB) policymaker Ardo Hansson opines that cryptocurrencies are destined to die as a “complete load of nonsense.” The Crypto Bubble Has already Started to Collapse While the crypto market has somewhat recovered from its recent slump...