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 […]
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… […]
European Central Bank sees no need for an EU-wide digital currency, due to need for further research and growing demand for cash
The European Central Bank’s Yves Mersch says banks should keep cryptocurrency dealings separate from other activities, as crypto doesn’t “qualify” as money
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 […]
The second report from the project ‘Stella’ initiative explores applications of distributed ledger technology to securities settlement mechanisms.
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 […]
A new opinion piece from European Central Bank officials discusses the important role a central bank-backed cryptocurrency could play in society.
Joint European banking report wary of digital currencies issued by banks. #NEWS
Mario Draghi, president of the European Central Bank, has said it’s not his institution’s job to regulate cryptocurrencies.
ECB board member says crypto is at risk of “contamin[ating]” the global financial system, asks for more regulation before crypto becomes too interconnected #NEWS
The ECB executive board member has supported recent criticism of bitcoin by Agustin Carstens, head of the Bank for International Settlements.
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. […]
Mario Draghi, president of the European Central Bank, has said credit institutions in Europe are not as keen on cryptocurrencies as the public.
Young Europeans could ask the President of the European Central Bank questions about Bitcoin and Blockchain. #ADOPTION