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European Central Bank


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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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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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A European Central Bank director has called on banks to embrace instant payments to suppress the disruptive threat posed by cryptocurrencies like bitcoin. Speaking at an event in Rome, European Central bank director Yves Mersh dismissed digital currencies and called on retail, …

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Commercial banks need to develop faster payment systems to counter the rise of cryptocurrencies, according to one European Central Bank executive. Yves Mersch, who sits on the ECB’s executive board, made the argument even while dismissing the impact of cryptocurrencies during an event in Rome, according to a Reuters report. Speaking this morning, Mersch said: …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The vice president of the European Central Bank (ECB) has said that investors are taking a ‘risk’ by buying bitcoin at its high price. Speaking to CNBC on Wednesday, Vitor Constancio, said: It’s a very particular asset, it’s a speculative asset by definition …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The president of the European Central Bank believes cryptocurrencies like bitcoin do not pose any threat to the central bank-dependent financial system. Speaking to the European Parliament on Monday, ECB President Mario Draghi played down the impact of digital currencies on the …

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The head of Europe’s central bank thinks cryptocurrencies are too low-impact to regulate. Speaking to the European Parliament on Monday, Mario Draghi said digital currencies are not a threat to the ECB’s control over the euro due to a lack of adoption within the 27-member economic bloc. As a result, cryptocurrencies’ impact on the economy …

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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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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. European Central Bank (ECB) vice president Vitor Constancio has said that cryptocurrencies will never replace the fiat system. According to a report from Reuters, Constancio said that they are a ‘misnomer’ and that they are merely a commodity used as a speculative asset. While …

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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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