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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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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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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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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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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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Intel Demands $624 Million in Interest From EU After Antitrust Fine Win
Intel has filed a claim for EUR 593 million (nearly $624 million or Rs. 4,800 crore) in interest from the European Commission, five months after its scrap a EUR 1.06 billion (nearly Rs. 8,600 crore) EU antitrust fine was scraped in a court in Europe. Intel said its claim is based on an interest rate equivalent to the European Central Bank's refinan...
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European Central Bank Chief Christine Lagarde Says Cryptocurrencies Are 'Worth Nothing'
Christine Lagarde, president of the European Central Bank (ECB), has stated that crypto-assets should be regulated and are worthless, but has admitted that her son is a crypto-investor.
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European Union's New Sanctions To "Cripple" Putin Amid Ukraine Invasion
European Commission chief Ursula von der Leyen on Saturday said that Brussels would propose to freeze the assets of the Russian central bank, in a major escalation of sanctions against Moscow following the invasion of Ukraine.
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Crypto Framework: Global Regulators Going 'Full Steam' to Tame Digital Assets
Regulators came late to the fast-evolving cross-border world of cryptocurrency assets but they could come up with their first global framework of rules within months, a senior official said.
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Cryptocurrencies 'Suspicious and Speculative', Says President of European Central Bank
With a rise in crypto craze globally, many countries around the world are experimenting with allowing trading and transactions in digital currencies. To ensure a safe gateway for transactions, central banks of countries are in process of releasing their own crypto currencies.
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European Central Bank Launches Pilot Project To Create "Digital Euro"
The European Central Bank on Wednesday formally launched a pilot project to create a "digital euro", in response to the growing popularity of electronic payments and the rise of cryptocurrencies.
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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.
-
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...
-
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.
-
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.
-
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.
-
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.
-
Intel Demands $624 Million in Interest From EU After Antitrust Fine Win
Intel has filed a claim for EUR 593 million (nearly $624 million or Rs. 4,800 crore) in interest from the European Commission, five months after its scrap a EUR 1.06 billion (nearly Rs. 8,600 crore) EU antitrust fine was scraped in a court in Europe. Intel said its claim is based on an interest rate equivalent to the European Central Bank's refinan...
-
European Central Bank Chief Christine Lagarde Says Cryptocurrencies Are 'Worth Nothing'
Christine Lagarde, president of the European Central Bank (ECB), has stated that crypto-assets should be regulated and are worthless, but has admitted that her son is a crypto-investor.
-
European Union's New Sanctions To "Cripple" Putin Amid Ukraine Invasion
European Commission chief Ursula von der Leyen on Saturday said that Brussels would propose to freeze the assets of the Russian central bank, in a major escalation of sanctions against Moscow following the invasion of Ukraine.
-
Crypto Framework: Global Regulators Going 'Full Steam' to Tame Digital Assets
Regulators came late to the fast-evolving cross-border world of cryptocurrency assets but they could come up with their first global framework of rules within months, a senior official said.
-
Cryptocurrencies 'Suspicious and Speculative', Says President of European Central Bank
With a rise in crypto craze globally, many countries around the world are experimenting with allowing trading and transactions in digital currencies. To ensure a safe gateway for transactions, central banks of countries are in process of releasing their own crypto currencies.
-
European Central Bank Launches Pilot Project To Create "Digital Euro"
The European Central Bank on Wednesday formally launched a pilot project to create a "digital euro", in response to the growing popularity of electronic payments and the rise of cryptocurrencies.
