A European Central Bank (ECB) official has come out generally in favor of wholesale central bank digital currencies (CBDCs).
Vitas Vasiliauskas, a member of the Governing Council of the ECB and chairman of the board of the Bank of Lithuania, made the comments in a speech at a recent conference in the U.S., the text of which was published by the Bank of International Settlements on Monday.
The European Central Bank (ECB) has said that cryptocurrencies are currently not a threat to financial stability in the euro zone.
In its latest paper on the subject, published Friday, the ECB said the combined value of crypto-assets is small relative to the financial system, and “linkages” to the financial sector are still limited. Further, there are banks in the EU do not appear to have “systemically relevant” holdings of crypto-assets.
Ewald Nowotny, the current president and governor of Austria’s central bank, the National Bank of Austria, and a member of the European Central Bank’s governing council, recently stated that central bankers and legislators are eyeing cryptocurrency regulations, while speaking at a conference in Florence, Italy.
Вице-президент Европейского Центрального банка (ECB) Витор Констанцио заявил, что криптовалюты никоим образом не заменят фиатных денег.
A member of the executive board at the European Central Bank (ECB) has asserted that the authority keeping tabs on cryptocurrencies.
In an interview published in late October, ECB executive board member Benoît Cœuré touched on the institution’s stance on cryptocurrencies, deeming them as “speculative financial instruments” at a time when bitcoin nears its all-time high above $7,500 with value gains over 650% since the turn of the year.
When asked why the ECB and other central banks are ignoring bitcoin amid a boom in awareness and adoption, Cœuré stated:
We aren’t ignoring them.
European Central Bank (ECB) chief Mario Draghi says that bitcoin and other cryptocurrencies are not mature enough for regulation.
As reported by CNBC, the ECB president made these comments during a recent press conference, stating that the bank is cautiously observing the development of bitcoin and other fintech products.
Researchers at the European Central Bank (ECB) have published a new research report on the impact of distributed ledger technology (DLT) on the harmonization of post-trade settlement systems.
Released by the Advisory Group on Market Infrastructures for Securities and Collateral late last week, the 134-page report examines the technology's possible effect on a variety of services that touch the securities settlement process.
European Central Bank (ECB) president Mario Draghi stated that the agency does not have the authority to regulate bitcoin and other cryptocurrencies.
ECB Does Not Have Authority to Regulate Bitcoin
Draghi made these comments in a meeting of the European Parliament’s Committee on Economic and Monetary Affairs.