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european central bank News and Articles

Christine Lagarde cryptocurrencies

ECB President Concerned that Crypto Can Affect CBs Negatively


At an international conference held by the Banque de France, the president of the European Central Bank, Christine Lagarde expressed her concerns about cryptocurrencies. She mentioned two main points regarding crypto assets in general. Lagarde says that the evolution of the industry was stormy as...

Central bank

The European Central Bank believes that CBDC will replace Bitcoin


A study by the European Central Bank states that national digital currencies have a higher potential than bitcoin (BTC). Moreover, the CB tokens will be able to even push decentralized cryptocurrencies into the background in the future. According to the regulator's analysts, CBDC will solve many...

European Central Bank stablecoins

Europe's Central Bank Says Stablecoin Regulations Are Urgent


The European Central Bank released a new report on the crypto industry mentioning the risks related to stablecoins, DeFi, and climate impact. According to the ECB, the rise of crypto presents risks to financial stability and may reach a systemic threshold. To prevent the associated consequences,...

Lagarde crypto

European CB President Lagarde Says Crypto Has No Value


According to the European Central Bank’s president, Christine Lagarde cryptos are based on nothing and must be regulated so that people won't put their life savings in the assets. A Bloomberg report says Lagarde told Dutch television in an interview that in the case of cryptos, there isn't an...

EU ECB crypto

While EU Postpones Vote on PoW Tokens, ECB Urges to Act


The European Parliament has put off the vote on the Markets in Crypto Assets (MiCA) draft, which discusses the environmental impact of Bitcoin and other cryptos which use the Proof of Work mining algorithm. Parliament member Stefan Berger announced that the vote scheduled for Feb. 28 was delayed,...

Digital euro

European CB will strengthen control over crypto payments


The leadership of the European Central Bank is not only working on the launch of the digital euro but also trying to tighten control over all types of cryptocurrency transactions. This week, the regulator issued a press release announcing plans to include stablecoins and other digital assets in the...

Bitcoin illegal activity

50% of BTC transactions are connected with illegal activity


An official from the US Federal Reserve considers that half of Bitcoin users are criminals. Lael Brainard stated all the dangers that cryptocurrencies yet can bring in her remarks delivered on 18 December in Germany. She was speaking as part of a panel honoring Benoît Coeuré, a member of the...

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