In this episode of CoinGeek Pulse, we hear some encouraging news coming from the European Central Bank.
The European Central Bank is in the process of a consultation on a digital euro, with a decision on whether to move forward with the central bank digital currency set for January 2021.
The report suggests that the bank would be open to considering both centralized and decentralized models for the digital currency.
Yves Mersch says the European Central Bank has set up a task force to research and develop a central bank digital currency for retail use.
Luxembourg lawyer and ECB executive board member Yves Mersch called Facebook out on its crypto whose central governance will be its greatest impediment.
The European Central Bank isn’t too confident about the ability of stablecoins to function in a financial world because of the lack of international regulations is going to cause issues.
The ECB feels crypto might pose the biggest threat to stability, and seeks to monitor all of its transactions.
The European Central Bank appeared to double down on its previous criticisms of BTC as part of its regular #AskECB sessions on Twitter.
European Central Bank authorities feel the current pace of regulators just won’t cut it with Libra on the way.
Christine Lagarde is now the president of the European Central Bank (ECB) and this could prove to be extremely beneficial for crypto.
The EU central bank just doesn’t think cryptos are at a state where they can be used as money, and won’t worry about it until they think it is.