Tag: ECB

The Daily: Binance Tests Fiat Exchange, Russians Mull Crypto Platforms

The Daily Binance, the main cryptocurrency alternate, has introduced it’ll begin testing a fiat forex buying and selling platform in Singapore and we’ve received the story in Sunday’s version of The Daily. Also, two islands in Russia are competing to host the nation’s first regulated alternate, and the ECB says Europe doesn’t want a central […]

Read More

ECB Has No Plans to Launch Digital Currency Due to Blockchain Immaturity

The European Central Bank (ECB) will not be issuing a digital foreign money any time quickly, in response to President Mario Draghi.He’s argued that the blockchain expertise will not be mature sufficient for such a stage of accountability and bodily money stays extensively used inside the financial union.ECB Studies Potential Issuance of Central Bank Digital […]

Read More

European Central Bank: ‘No Plans’ for Digital Currency, Cash Demand Growing

The European Central Bank (ECB) has “no plans” to subject its personal digital currency, President Mario Draghi told the European Parliament Wednesday, September 12. Addressing a question by MEP Jonás Fernández, Draghi stated “substantial development” was nonetheless wanted within the underlying know-how behind cryptocurrencies earlier than the Central Bank would think about using them. “The […]

Read More

ECB Has ‘No Plans’ to Issue a Digital Euro, Says Mario Draghi

The chief of the European Central Bank (ECB) mentioned Friday that the establishment sees no “concrete need” to problem a digital model of the euro, Reuters reports. In a letter to a member of the European Parliament, ECB President Mario Draghi mentioned an absence of robustness within the expertise that may underlie such an endeavor, […]

Read More

Bitcoin in Brief Saturday: Spanish Parties Back Crypto Draft, Slovenia Adopts Crypto Action Plan

The Daily All parties represented at the Spanish Congress have given support to get a new draft laws showcasing positive crypto regulations from the nation. We’ve covered the facts in the modern version of Bitcoin in Brief. Also, Slovenia adopts a crypto action strategy, Estonia falls intends to issue a federal cryptocurrency, also Hungary asserts […]

Read More

EU Adopts Rules to Reduce Anonymity for Crypto Users

Economy & Regulation A directive impacting the crypto industry in Europe was embraced by the EU Council. The file updates the anti-money laundering laws of this European Union to deal with, among other problems, “the risks linked to virtual currencies.” The new rules aim to decrease anonymity for both transactions and users together with requirements […]

Read More

Central Banks Say Blockchain Could Shake Up Securities Settlement

A newly revealed report from the European Central Bank and the Bank of Japan argues that distributed ledger tech (DLT) might be used to create novel securities settlement mechanisms, together with “cross-chain atomic swaps” between unconnected ledgers. The findings are the results of the central banks’ joint DLT analysis initiative, dubbed Project Stella, which was […]

Read More