ECB

Future of Digital Euro ‘Not Clear Yet,’ Former Eurogroup Official Says

<div class=”featured_image_container”> </div> <strong>Europe’s digital currency project has made some progress recently, with the Eurozone’s central bank moving to its next stage. Critics point, however, to the continuing lack of clarity around the design and purpose of the digital euro after a decade-long delay, if cryptocurrency is taken as a benchmark. </strong> Digital Euro to …

Future of Digital Euro ‘Not Clear Yet,’ Former Eurogroup Official Says Read More »

Spanish Congress Passes Antifraud Law: Users Will Have to Disclose Crypto Holdings Inside and Outside Spain

<div class=”featured_image_container”> </div> <strong>The Spanish Congress has approved the antifraud law that was amended last month by the senate. Spanish citizens must now inform about their crypto holdings even outside the country. The new law further establishes severe fines for citizens who fail to share this information with authorities. A limit on how much money …

Spanish Congress Passes Antifraud Law: Users Will Have to Disclose Crypto Holdings Inside and Outside Spain Read More »

US State Department Official Wants El Salvador to ‘Ensure Bitcoin Is Well Regulated’

<div class=”featured_image_container”> </div> <strong>The U.S. Department of State’s undersecretary of state for political affairs, Victoria Nuland, has explained during a press conference that the U.S. has urged El Salvador to be responsible with the country’s new bitcoin law. Nuland told the press that the U.S. was taking a “tough look at Bitcoin” and that Salvadoran …

US State Department Official Wants El Salvador to ‘Ensure Bitcoin Is Well Regulated’ Read More »

Mica Law Draft Designates CNMV and Bank of Spain as Crypto Watchdogs

<div class=”featured_image_container”> </div> <strong>The latest Mica (Europe’s Markets in Crypto-Assets Regulation) revision designates the CNMV and the Bank of Spain as the main cryptocurrency watchdogs in the country. The draft also stipulates that companies offering services in the EU will need to be based in a European country. The norm excludes NFTs, for now. Experts …

Mica Law Draft Designates CNMV and Bank of Spain as Crypto Watchdogs Read More »

Privacy Is Key for Successful Digital Euro, Data Protection Body Says

<div class=”featured_image_container”> </div> <strong>The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will protect users’ privacy. …

Privacy Is Key for Successful Digital Euro, Data Protection Body Says Read More »

Spanish Deputies File Proposal to Accelerate the Creation of a Digital Euro

<div class=”featured_image_container”> </div> <strong>A group of Spanish deputies filed a proposal that seeks to accelerate the implementation of a digital euro. The proposal, presented on June 8, asks for the creation of a group to study the implementation of a digital currency in the Eurozone. This study group, if created, would be aided by the …

Spanish Deputies File Proposal to Accelerate the Creation of a Digital Euro Read More »

Christine Lagarde Reaffirms ECB’s Crypto Policy as Bitcoin Becomes Legal Tender in El Salvador

<div class=”featured_image_container”> </div> <strong>The president of the European Central Bank (ECB), Christine Lagarde, has shared her view on El Salvador making bitcoin legal tender. She confirmed that the central bank’s policy on bitcoin and other cryptocurrencies has not changed.</strong> ECB’s Lagarde Comments on El Salvador Making Bitcoin Legal Tender ECB President Christine Lagarde has shared …

Christine Lagarde Reaffirms ECB’s Crypto Policy as Bitcoin Becomes Legal Tender in El Salvador Read More »

ECB Vice President Says Crypto Assets Are ‘Not a Real Investment’ Citing Weak Fundamentals

<div class=”featured_image_container”> </div> <strong>The vice president of the European Central Bank (ECB), Luis de Guindos, has warned that crypto assets are “not a real investment” and are “subject to a lot of volatility.” His comments followed massive sell-offs across a broad range of cryptocurrencies.</strong> ECB VP Says Crypto Is Not a Real Investment European Central …

ECB Vice President Says Crypto Assets Are ‘Not a Real Investment’ Citing Weak Fundamentals Read More »

ECB Chief Lagarde: Cryptocurrencies Prone to Money Laundering, No Intrinsic Value, Buy if Prepared to Lose all Money

<div class=”featured_image_container”> </div> <strong>The president of the European Central Bank (ECB), Christine Lagarde, warned that cryptocurrencies are prone to money laundering. She agrees with the governor of the Bank of England, Andrew Bailey, who recently said that cryptocurrencies have no intrinsic value and investors should be prepared to lose all their money if investing in …

ECB Chief Lagarde: Cryptocurrencies Prone to Money Laundering, No Intrinsic Value, Buy if Prepared to Lose all Money Read More »

ECB Deepens Analysis of Digital Euro, Decision Expected by Mid-Year, VP Confirms

<div class=”featured_image_container”> </div> <strong>Faced with challenges on many fronts, the European Central Bank is now deepening the analysis of how to digitalize its currency. A decision on whether to issue a digital euro, which has the potential to become a major CBDC, is expected around mid-2021, a high-ranking official of the central bank has confirmed. …

ECB Deepens Analysis of Digital Euro, Decision Expected by Mid-Year, VP Confirms Read More »