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European Central Bank Classifies BTC, ETH And Ripple As Usable Assets

European Central Bank which is the one responsible for the monetary policy in the Eurozone recently noted that some crypto assets are identified as usable crypto assets. Following the latest cryptocurrency news, we read more about the new policy. The European Central bank issued a…

G20 Countries Start Implementing Unified Crypto Standards

As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto…

ECB deems crypto assets are not a threat to the euro area

The financial stability of the euro area is not threatened by crypto assets, the European Central Bank (ECB) has written in its newest paper. According to the analysis, their value is still too small to influence the financial system. Moreover, their connection to the financial…

European Central Bank: Bitcoin Is Not A Threat But It Needs Monitoring

European Central Bank (ECB) stated earlier today that crypto is not considered as a risk to the financial stability in the Eurozone. However, the ECB recommends that regulation should create a uniform approach for all crypto-assets and this is what we are reading in our…

Why We Should Never Hope For A Central Bank Of Bitcoin

Bitcoin economist, Tuur Demeester, explains why the idea of a ‘Central Bank’ of Bitcoin would create more problems than it would solve.   Bitcoin Exchanges Similar To Early US Banking System In the wake of the Binance hack and Bitfinex/Tether debacle, are crypto exchanges becoming…

Stablecoins Beat Bitcoin, Says ECB Presidential Hopeful

Francois Villeroy de Galhau of the European Central Bank (ECB) says stablecoins hold more promise than Bitcoin. The ECB policymaker says fiat-pegged crypto will have a place in the legacy financial system. We Prefer Fiat-Pegged Crypto According to Bloomberg, Villeroy believes that cryptocurrencies pegged to…

Blockchain is disrupting the banking space, IMF managing director says

Christine Lagarde, managing director of International Monetary Fund, believes blockchain innovators are shaking up the banking space, she shared in an interview with the CNBC. Lagarde, referring to fintechs and blockchain projects as disruptors, said they are having a clear “impact on the incumbents.” The…

First Bitcoin ATM Installed in ECB’s Own Backyard

Germany has just got its second Bitcoin ATM in Frankfurt, home of the European Central Bank, as the total worldwide machine count hits 4000 for the first time. Bitcoin ATM Arrives in Frankfurt As local media reported November 23, Bitcoin-Store Frankfurt in Germany’s financial center…

ECB Board Member: Bitcoin Is ‘The Evil Spawn Of The Financial Crisis’

An executive board member of the European Central Bank, Benoit Coeure is in the crypto news today for his statement that he considers Bitcoin as the ‘evil spawn of the financial crises. Coeure made this statement at the Bank for International Settlements in Basel. The…