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ECB


Mario Draghi, president of the European Central Bank, has said it’s not his institution’s job to regulate cryptocurrencies. As part of the ECB’s #AskDraghi video series, the former Italian central banker said he has seen many users on Twitter ask if the ECB would regulate or even ban bitcoin. In response, he said: “It’s not …

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Yves Mersch, Executive Board member of the European Central Bank (ECB), referred to cryptocurrencies as a risk of “contagion and contamination of the existing financial system” during an interview with 4 Technology on Feb. 8. Both the traditional and crypto markets fell sharply at the beginning of this week, prompting responses from shaken financial institutions …

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European Central Bank (ECB) executive board member Yves Mersch is coming out in support of comments made this week by Agustin Carstens, general manager of the Bank for International Settlements (BIS), in which he laid into bitcoin as a bubble, a Ponzi scheme and a threat to central banks. According to an FT report, Mersch …

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The European Central Bank (ECB) said that financial institutions in the European Union do not appear to be as enthusiastic about cryptocurrencies as the public. In a European Parliament meeting on Feb. 5, the ECB’s president, Mario Draghi, commented that the central bank is not seeing a “notable holding of cryptocurrencies” among banks in the …

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One of the three major questions that the President of the European Central Bank will be answering via a series of videos on Feb. 12, 2018 is about cryptocurrencies and Blockchain. Mario Draghi will respond to the selected questions, whether Bitcoin offers a viable alternative to traditional currencies as well as comment on the ECB’s …

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The European Central Bank (ECB) is soliciting questions from the general public on cryptocurrencies, among other topics, for their third Youth Dialogue. In an announcement Thursday, the ECB invited Twitter and Facebook users to ask the bank’s president, Mario Draghi, questions about a possible global economic crisis, Europe’s economy, as well as cryptocurrencies and blockchain. …

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Bitcoin should be regulated and even taxed, according to a European Central Bank (ECB) governing council member. Ewald Nowotny, head of the Oesterreichische Nationalbank, Austria’s central bank, said in an interview with German paper Sueddeutsche Zeitung that anyone who participates in a financial transaction should be clearly identified, on top of paying value-added tax (VAT). According …

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European Central Bank (ECB) executive board member Yves Mersch has said bitcoin could pose a threat to economic stability if financial infrastructure institutions get involved with the tech. In an interview with a German daily Börsen-Zeitung, Mersch said that bitcoin’s trading volume is currently “comparatively low” and is therefore not an issue for monetary policy at present. …

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The vice president of the European Central Bank (ECB) yesterday warned investors on the risks of purchasing bitcoin. According to CNBC, Vitor Constancio said developments in bitcoin’s price make it “a speculative asset by definition,” continuing: “Investors are taking that risk of buying at such high prices.” Bitcoin, the largest cryptocurrency by market capitalization, has …

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In a move that may wrinkle some noses, the European Central Bank (ECB) has announced that they will no longer be offering protection for covered deposits and that withdrawals will be limited when a bank is on the verge of failure. According to the posting: “Covered deposits and claims under investor compensation schemes should be …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Ewald Nowotny, the current president and governor of Austria’s central bank, the National Bank of Austria, and a member of the European Central Bank’s governing council, recently stated that central bankers and legislators are eyeing cryptocurrency regulations, while speaking at a conference …

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Initial coin offerings, more commonly referred to as ICOs, are all the rage this year. Yet despite all the hoopla surrounding this new phenomenon, not everyone is impressed. Fundamentally, ICOs fail because the company is often unable to launch a viable product and reach their objectives. One upcoming ICO that is catching everyone’s attention is …

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According to Reuters, the European Central Bank (ECB) is considering regulating the use of digital currencies. Governing council member Ewald Nowotny commented: “We’re asking ourselves if legislators or central banks should intervene, as happened in China where they banned (the use of cryptocurrencies) because they consider them fraudulent.” On bans and other schemes It should …

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A European Central Bank (ECB) governing council member has said that lawmakers and central banks are examining whether they should regulate cryptocurrencies. According to a Reuters report, Ewald Nowotny, who is also the president of the National Bank of Austria, said: “We’re asking ourselves if legislators or central banks should intervene.” Speaking yesterday at a …

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In the midst of Bitcoin’s wider awareness and adoption, the European Central Bank (ECB), which has previously evaluated Blockchain technology numerous times, seems to be quiet and distant from all the recent news and happenings. Or rather, this was the case until Benoît Cœuré, an executive member of the Central Bank, broke his silence stressing …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A member of the executive board at the European Central Bank (ECB) has asserted that the authority keeping tabs on cryptocurrencies. In an interview published in late October, ECB executive board member Benoît Cœuré touched on the institution’s stance on cryptocurrencies, deeming …

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Long active in evaluating blockchain technology broadly, a European Central Bank (ECB) official took steps this week to stress the institution is closely watching cryptocurrency. In an interview published on Oct. 29, Benoît Cœuré, one of the central bank’s executive board members, elaborated briefly on the bank’s views on the subject, telling Le Journal du …

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