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ECB President Says Bitcoin Won't Enter Reserves of Any EU Central Banks
Ales Michl, the governor of Czech Republic’s central bank, suggested ECB’s General Council to consider adding Bitcoin as part of its reserved assets. Dismissing the suggestion, Lagarde said reserved assets need to be liquid and secure – criteria she feels are not strong with BTC for now.
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Birds Or Rivers? Europeans Can Weigh In On Themes For New Euro Notes
The European Central Bank launched a survey today asking citizens to weigh in on the redesign of euro banknotes, with rivers, birds and European culture among the shortlisted themes.
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EU Set to Take Next Steps for Launch of Digital Euro, Will Publish Proposal for Legal Framework
EU will publish a proposal on Wednesday that will be the legal foundation on which the ECB could launch a digital euro. The project has come under attack from the public, politicians and banks before it even exists. Critics question the need for a digital euro and banks warn of major risks.
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"Severe Breach": Goldman Sachs Fined $7.2 Million For Misreporting Capital Needs
The European Central Bank (ECB) has fined US financial giant Goldman Sachs 6.63 million euros ($7.2 million) for misreporting its capital needs, it said on Monday.
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Digital Euro to Offer More Choice, Not a 'Big Brother' Project, Senior EU Official Says
The digital euro would offer users a choice when making payments but would not be a "Big Brother Project to control people, according to a senior EU official. While the European Central Bank has yet to decide if it will go ahead with introducing a digital euro, the EU is working on draft legislation that would give the digital euro a legal underpin...
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World's Largest Banks Join Hands To Tackle Possible Global Banking Crisis
A special drive will be launched Monday by the Fed and the central banks of Canada, the United Kingdom, Japan, the European Union and Switzerland.
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Credit Suisse Shares Soar Over 30% After Bank Secures Financial Lifeline
European stock markets rebounded slightly Thursday after troubled banking giant Credit Suisse secured a big financial lifeline and before a crucial interest-rate decision by the European Central Bank.
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Bitcoin Is Artificially Propped Up, Akin to Gambling and Should Not Be Legitimised, ECB Says
Bitcoin is artificially propped up and should not be legitimised by regulators or financial companies, the European Central Bank said, adding that it is similar to gambling. The cryptocurrency's recent stabilisation was "an artificially induced last gasp before the road to irrelevance", it said on Wednesday.
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Euro Holds Above 2-Decade Low Before European Central Bank Decision
The euro was hovering above Tuesday's two-decade low on Thursday as investors awaited a policy decision from the European Central Bank (ECB) and comments from the head of the Federal Reserve for insight on the path for global monetary tightening.
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European Policymaker Sees Several Benefits To Possible Digital Euro
A possible digital euro currency, which the European Central Bank is studying, could have several benefits
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European Central Bank Steps in as Banks Test Crypto Waters Ahead of Pan-EU Licensing Rules
The European Central Bank (ECB) on Wednesday announced that it was taking steps to harmonise the assessment of licensing requests. The ECB, which directly regulates top euro zone lenders such as Deutsche Bank, UniCredit and BNP Paribas, said it would examine if crypto activities were in line with a bank's risk "profile", which determines how much c...
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Oil Slumps $3/bbl On Gasoline Stockpiles, Rate Hikes And Resuming Supply
Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.
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Euro Set For Best Week Since May After Central Bank Hikes Big
The euro headed for its best week since May on Friday after the European Central Bank (ECB) raised borrowing costs more than expected overnight in its first rate hike since 2011.
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Mario Draghi: Eurozone Saviour Felled By Italy's Fractious Parties
Mario Draghi, credited with helping save the eurozone as head of the European Central Bank, presided over a remarkable period of unity as Italy's premier before falling foul of its notoriously unstable political system.
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Binance Fined by Dutch Central Bank for Violating Country's Money-Laundering Laws
Binance has been slapped with a fine of EUR 3.3 million (roughly Rs. 26 crore) by the Dutch Central Bank (DNB) for offering services in the Netherlands without being registered in the country. A spokesperson for Binance said in an emailed reaction that the fine marked a "pivot in our ongoing collaboration" with the DNB.
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ECB President Says Bitcoin Won't Enter Reserves of Any EU Central Banks
Ales Michl, the governor of Czech Republic’s central bank, suggested ECB’s General Council to consider adding Bitcoin as part of its reserved assets. Dismissing the suggestion, Lagarde said reserved assets need to be liquid and secure – criteria she feels are not strong with BTC for now.
-
Birds Or Rivers? Europeans Can Weigh In On Themes For New Euro Notes
The European Central Bank launched a survey today asking citizens to weigh in on the redesign of euro banknotes, with rivers, birds and European culture among the shortlisted themes.
-
EU Set to Take Next Steps for Launch of Digital Euro, Will Publish Proposal for Legal Framework
EU will publish a proposal on Wednesday that will be the legal foundation on which the ECB could launch a digital euro. The project has come under attack from the public, politicians and banks before it even exists. Critics question the need for a digital euro and banks warn of major risks.
-
"Severe Breach": Goldman Sachs Fined $7.2 Million For Misreporting Capital Needs
The European Central Bank (ECB) has fined US financial giant Goldman Sachs 6.63 million euros ($7.2 million) for misreporting its capital needs, it said on Monday.
-
Digital Euro to Offer More Choice, Not a 'Big Brother' Project, Senior EU Official Says
The digital euro would offer users a choice when making payments but would not be a "Big Brother Project to control people, according to a senior EU official. While the European Central Bank has yet to decide if it will go ahead with introducing a digital euro, the EU is working on draft legislation that would give the digital euro a legal underpin...
-
World's Largest Banks Join Hands To Tackle Possible Global Banking Crisis
A special drive will be launched Monday by the Fed and the central banks of Canada, the United Kingdom, Japan, the European Union and Switzerland.
-
Credit Suisse Shares Soar Over 30% After Bank Secures Financial Lifeline
European stock markets rebounded slightly Thursday after troubled banking giant Credit Suisse secured a big financial lifeline and before a crucial interest-rate decision by the European Central Bank.
-
Bitcoin Is Artificially Propped Up, Akin to Gambling and Should Not Be Legitimised, ECB Says
Bitcoin is artificially propped up and should not be legitimised by regulators or financial companies, the European Central Bank said, adding that it is similar to gambling. The cryptocurrency's recent stabilisation was "an artificially induced last gasp before the road to irrelevance", it said on Wednesday.
-
Euro Holds Above 2-Decade Low Before European Central Bank Decision
The euro was hovering above Tuesday's two-decade low on Thursday as investors awaited a policy decision from the European Central Bank (ECB) and comments from the head of the Federal Reserve for insight on the path for global monetary tightening.
-
European Policymaker Sees Several Benefits To Possible Digital Euro
A possible digital euro currency, which the European Central Bank is studying, could have several benefits
-
European Central Bank Steps in as Banks Test Crypto Waters Ahead of Pan-EU Licensing Rules
The European Central Bank (ECB) on Wednesday announced that it was taking steps to harmonise the assessment of licensing requests. The ECB, which directly regulates top euro zone lenders such as Deutsche Bank, UniCredit and BNP Paribas, said it would examine if crypto activities were in line with a bank's risk "profile", which determines how much c...
-
Oil Slumps $3/bbl On Gasoline Stockpiles, Rate Hikes And Resuming Supply
Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.
-
Euro Set For Best Week Since May After Central Bank Hikes Big
The euro headed for its best week since May on Friday after the European Central Bank (ECB) raised borrowing costs more than expected overnight in its first rate hike since 2011.
-
Mario Draghi: Eurozone Saviour Felled By Italy's Fractious Parties
Mario Draghi, credited with helping save the eurozone as head of the European Central Bank, presided over a remarkable period of unity as Italy's premier before falling foul of its notoriously unstable political system.
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Binance Fined by Dutch Central Bank for Violating Country's Money-Laundering Laws
Binance has been slapped with a fine of EUR 3.3 million (roughly Rs. 26 crore) by the Dutch Central Bank (DNB) for offering services in the Netherlands without being registered in the country. A spokesperson for Binance said in an emailed reaction that the fine marked a "pivot in our ongoing collaboration" with the DNB.
