• German finance minister not support cryptocurrencies
    Cryptocurrencies,  Politics

    I do not support cryptocurrencies: German Finance Minister

    The minister argued that the German and European banking systems need digital innovation, but without private digital currencies playing a role in it

    Scholz’s remarks concerning private digital assets—which arguably includes all cryptocurrencies and stablecoins—is just the latest confirmation that the financial system is improving as a way to protect itself from private competition.

  • ECB questionnaire digital euro
    Europe

    What the ECB’s questionnaire on the digital euro asks—and what it means

    Modern Consensus took the European Central Bank’s new digital euro questionnaire to see what it reveals about regulators’ concerns with what would be the biggest currency change since the euro

    The European Central Bank questionnaire is aimed at both the public and financial experts—in order to gauge their views on a digital euro as it considers launching a central bank digital currency that would be available alongside cash.

  • Europe regulate crypto assets
    Cryptocurrencies,  Europe,  Regulation

    Europe unveils plans to regulate cryptocurrencies. It’s good news and bad news

    While the proposed measures will make it easier for crypto companies to operate across the EU, global stablecoin issuers are going to face ‘stringent requirements’

    Under the new rules, a fintech company that obtains a license to operate in one EU nation will be able to provide services in the trading bloc’s 26 other member states automatically.

  • stablecoin bank runs
    Europe,  Regulation

    ECB fears stablecoin ‘bank runs’

    According to the European Central Bank, a panicked “stablecoin run’ could cause damage that spreads into the traditional banking and financial system

    Specifically, the ECB said stablecoins are vulnerable to so-called liquidity “runs” if consumers fear that the token may lose its value. In such instances, the stablecoin may stop functioning normally and its redemption may not be possible in the usual way.

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