Outgoing IMF Managing Director Christine Lagarde has called for the careful regulation of cryptocurrencies and the Fintech sector in a campaign speech she made before the Economic and Monetary Affairs Committee of the European Parliament this week. Lagarde has been nominated to lead the European Central Bank… Read More
Private money on the scale of Facebook’s Libra is dangerous and likely contrary to the public good, Yves Mersch, Executive Board Member of the ECB told the ESCB Legal Conference in Frankfurt September 2nd: “In the field of money, history bears testament to two basic truths…. Read More
The European Central Bank (ECB) says it is working to close gaps in its crypto-network monitoring regime in order to ensure that risks, “currently contained and/or manageable,” do not, “increase over time and have future implications,” for mainstream financial systems. “Spillover effects may…be transmitted to… Read More
Costs presently outweigh benefits, and so the European Central Bank (ECB), “has no plans to issue a central bank digital currency,” at this time, though it is investigating the matter, says ECB president, Mario Draghi. Draghi made the comments in a September 12th letter responding… Read More
Earlier today, Yves Mersch, Member of the Executive Board of the European Central Bank, spoke at a forum in London. Mersch addressed the topic du jour: cryptocurrencies and the future of virtual money in the digital age. Mersch posed the question as to whether or… Read More
Speaking in Brussels last week, Mario Draghi, President of the European Central Bank (ECB), addressed the topic of digital currencies. Siegfried Mureşan (PPE), speaking on behalf of Tom Vandenkendelaere who was unable to attend the meeting, posed this question to Draghi regarding the emergence of cryptocurrencies; “Over… Read More
The European Central Bank (ECB) has published a “Guide to assessments of Fintech credit institution licence applications.” The purpose of the Guide is described as seeking to enhance transparency for potential Fintech bank applicants and increase their understanding of the procedures and criteria applied by… Read More
During a hearing of the Committee on Economic and Monetary Affairs of the European Parliament, Mario Draghi, President of the European Central Bank, addressed the hot topics of Fintech and Blockchain technology (Distributed Ledger Technology or DLT). In prepared remarks, Draghi spoke about the economic… Read More
One day, in the not so distant future, taking trips to the local bank branch will be a thing of the past. No more queuing up to be scowled at while swiping a plastic card. Yes, I know. My parents and your parents cannot imagine… Read More
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