• ECB questionnaire digital euro
    Are the ECB's exhaustive questions due diligence, or a suggestion that it's out of its depth? (Photo: Pixabay)
    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

    October 13, 2020 /

    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.

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  • Russian telecom regulator blacklists Binance
    Russia's Roskomnadzor has blacklisted crypto exchange Binance (Photo: free4kwallpapers)
    Europe,  Regulation

    Russian regulator blacklists Binance

    As new Russian regulations loom, the leading cryptocurrency exchange is banned for distributing forbidden information, specifically instructions about how to acquire Bitcoin

    September 25, 2020 /

    Furthermore, Binance also claims that the firm has not been warned by law enforcement and government services before the blacklisting of its domain. So far, the company consulted with lawyers and announced that it will continue offering its services to Russia’s citizens.

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  • Europe regulate crypto assets
    The European Commission is providing clarity for cryptocurrency businesses while cracking down on stablecoins. (Photo: Pixabay
    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’

    September 24, 2020 /

    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.

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  • stablecoin bank runs
    The European Central Bank thinks that a run on a stablecoin could have far-reaching consequences (Photo: European Union 2017 - European Central Bank)
    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

    September 23, 2020 /

    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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