Archive | ecb

ECB Chief Reiterates Lack of CBDC Justification

European Central Bank (ECB) president Mario Draghi has reconfirmed to the European Parliament that there are no plans to create a central bank digital currency (CBDC). Draghi cited a lack of any prevailing economic conditions to warrant such as step, going on to suggest that DLTs hadn’t been severely tested as yet and still required […]

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

The European Central Bank (ECB) is not issuing a digital currency any time soon, according to President Mario Draghi. He’s argued that the blockchain technology is not mature enough for such a level of responsibility and physical cash remains widely used within the monetary union. ECB Studies Potential Issuance of Central Bank Digital Currency In… […]

Bank of France Governor Calls For ECB Focus On Crypto Exchanges

Bank of France Governor Francois Villeroy de Galhau has recently commented that new laws are required to cover cryptocurrency exchanges De Galhau, who also sits on the European Central Bank‘s Governing Council, made the comments at the City Week banking conference in London on April 24. The Bank of France’s chief has made lukewarm comments […]

Weekly Bitcoin and Blockchain News Roundup: Europe, 12 to 18 March 2018

Europe 13 March 2018 The European Central Bank (ECB) executive board member Benoit Coeure and Bank of International Settlements Markets Committee chair Jacqueline Loh wrote that “Bitcoin has put the spotlight on an old failing of our current system: cross-border retail payments.”, urging current banking and financial systems to improve as the best way to “rise […]

European Central Bank Worries About Bitcoin Threatening Financial Stability

Bitcoin has proven to be one of the oddest forms of money to date. Largely ignored by banks at first, the situation today looks very different. Even the European Central Bank has to acknowledge cryptocurrency will not go away. At the same time, they are well aware of the risks associated with this digital money. […]