Bitcoin critic, ECB chief Lagarde says her son ‘ignored’ her, lost money on crypto: Report
European Central Bank (ECB) president and prominent Bitcoin (BTC) critic Christine Lagarde has shared a family story about unsuccessful cryptocurrency investments, according to a report from Reuters.Lagarde told students at a town hall in Frankfurt on Nov. 24 that her son lost “almost all ...
BIS general manager urges central banks to “lead innovation” for CBDCs
Central banks have a responsibility not only to keep pace with the digital age but to lead innovation, Agustín Carstens, General Manager of the Bank for International Settlements (BIS), believes. In his opening remarks at the conference in Basel on Nov. 8, Carstens called the central ...
Project mBridge reveals details of its workings ahead of MVP, commercial debut
The Bank for International Settlements (BIS) released a colorful and fact-filled Project mBridge update on Oct. 31. The publication combines technical and promotional discussions in a shift of tone as the project prepares to become a minimum viable project for commercial launch next year.T ...
Future of DAOs limited by lack of regulatory framework: ECB Occasional Paper
Decentralized autonomous organizations (DAOs) need a comprehensive regulatory framework if they are to make a place in the future of the financial sector, suggests the European Central Bank (ECB) occasional paper (OP).The OP “The future of DAOs in finance - in need of legal status,&r ...
Digital Euro Launch Faces Two-Year Delay Over Privacy Concerns, Says ECB President Christine Lagarde
European Central Bank (ECB) President Christine Lagarde has stated that it may take at least two years to fully launch the digital euro due to privacy concerns that need to be addressed. During a meeting with the European Parliament's economic committee, Lagarde discussed the challenges associated w ...
Digital euro can ward off a host of private payment service ills: ECB official
The European Central Bank (ECB) is quite happy with the European Commission's (EC) legislative proposals for the digital euro. ECB executive board member Fabio Panetta told the European Parliament’s Committee on Economic and Monetary Affairs in a speech on Sept. 4 that the proposals “ ...
ECB official labels crypto as ‘deleterious’ with ‘no societal benefits’ in scathing speech
Fabio Panetta, an executive board member of the European Central Bank (ECB), has suggested a dark future for cryptocurrencies, in which the digital assets may be used for little more than gambling among investors.In written remarks for a panel at the Bank for International Settlements Annu ...
ECB to Begin CBDC Tests this Summer, with Potential Launch in Three to Four Years
This was announced by ECB Executive Board member Fabio Panetta He noted that the regulator will move to CBDC tests as early as this summer The ECB held its 25th anniversary ceremony in Frankfurt last week, May 24. As part of the event, a member of the executiv ...
European Central Bank Supports Research on Central Bank Digital Currency (CBDC)
European Central Bank (ECB) governor Fabio Panetta commented on the growing need, benefits and security of central bank digital currency (CBDC). European Central Bank (ECB) board member Fabio Panetta said the European regulator fully supports research into the digital e ...
ECB President Christine Lagarde’s Controversial Interview on Digital Euro
The mischievous pranksters decided to play a prank on Christine Lagarde, the President of the European Central Bank (ECB), by conducting an interview with her on behalf of the Ukrainian President Volodymyr Zelensky. During the interview, Lagarde made a controversial statement suggesting that the ...
German Banks urge ECB to involve commercial banks in the development of digital euro
The Association of German Banks has appealed to the European Central Bank (ECB) to permit commercial financial institutions to participate in the creation and launch of the digital euro. They believe that the digital currencies of the Central Bank represent the next phase in the development of th ...