• Yellen confirmed Treasury Secretary
    Cryptocurrencies,  People,  Politics,  Regulation

    Janet Yellen confirmed as Treasury Secretary

    While her top financial regulators have strong pro-crypto backgrounds, Quantum Economics’ Mati Greenspan fears that Yellen’s collaboration with international regulators could ‘have very harsh consequences for all of crypto’

    Last week, Yellen calmed some fears that arose after she said in her Jan. 21 testimony before the Senate Finance Committee that she wanted to “curtail” the “malign activities” that for which digital assets have been used.

  • 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.

  • 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.