Cryptocurrency Analysis and News Portal
Progress will continue on the development of the digital euro as the European Central Bank (ECB) and Eurosystem have begun looking for companies to participate in an exercise to prototype customer-facing payments services. Payment service providers, banks and other relevant companies were invited to express interest in the project in
Read More
European Central Bank executive board member Fabio Panetta provided an overview of the central bank’s current research on a retail central bank digital currency Friday when he spoke at the IESE Business School Banking Initiative Conference on Technology and Finance. Panetta said the issuance of central bank digital currencies, or
Read More
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 prices to “stay higher for longer.” Eurozone
Read More
“It would be ideal from a social viewpoint to intervene and have a less tolerant approach towards these activities,” said Panetta, who is a member of the ECB’s executive board, to a meeting of the European Parliament’s Economic Affairs Committee, saying that Bitcoin-type activities were “pure gambling, wasting enormous amounts
Read More
But they come in the week that the EU prepares to end the possibility for anonymous crypto payments altogether. The European Parliament is due to vote Thursday on how to extend existing money laundering controls to crypto payments. An existing threshold of 1,000 euros ($1,100 U.S.) under which a payer’s
Read More
The President of the European Central Bank, Christine Lagarde has reiterated warnings that Russian individuals and businesses are using cryptocurrencies to skirt sanctions.However, as of March 18, daily ruble-denominated crypto trading volume was sitting at just $7.4 million, down over 50% from recent figures and a peak of $70 million
Read More
Any unexpected move by the ECB could trigger a fall in the market, one trader said. Source
Read More
Christine Lagarde, president of the European Central Bank (ECB), has called on lawmakers to approve a regulatory framework on crypto, hinting at potentially preventing Russia from getting around economic sanctions.Speaking to reporters at an informal meeting of economics and finance ministers on Friday, Lagarde said the European Central Bank would
Read More
The European parliament earlier today postponed a vote on a package of crypto regulations. Original Source
Read More
The president of the European Central Bank (ECB), Christine Lagarde, says that a digital euro will not replace cash but would complement it. “A digital euro would give you an additional choice about how to pay and make it easier to do so, contributing to accessibility and inclusion,” the ECB
Read More