ECB Says Banks Should Find Better Alternatives to Libra
Commercial banks should work out their own transfer systems as an alternative to Facebook’s Libra, urged Jens Weidmann, President of Bundesbank and member of the Governing Council of...
ECB to Set Objectives for Own Digital Currency, Lagarde Suggests
The European Central Bank (ECB) should determine objectives for its digital currency taskforce by mid-2020, ECB President Christine Lagarde said during her first policy meeting...
European Central Bank President Envisions Direct Digital Currency Use
The European Central Bank is exploring the potential for a digital currency, which would allow direct injections of liquidity to consumers, said Christine Lagarde, the bank’s new...
Bitcoin is Speculation and Not the Future of Money, Ex-ECB Chief Says
Jean-Claude Trichet, former president of the European Central Bank (ECB), said that he was strongly against Bitcoin and hinted that cryptocurrency purchases are no more than...
Bitcoin Disrupting Banking; Deutsche Bank To Cut 18,000 Jobs by 2022
Throughout history, the banking industry has always been vulnerable to a range of risks, but somehow, it has been able to survive for over three thousand years. But now, traditional...
New ECB Boss Christine Lagarde Could Enact Bitcoin Friendly Legislation
Bitcoin and crypto-supportive legislation could be on the way now that Christine Lagarde has been selected to serve as the new European Central Bank president. Will the ECB Support...
IMF: ‘Financial Inclusion’ Will Boost Global Economy (As Long as It’s Not...
The International Monetary Fund warns that global growth is slowing to its lowest rate since the financial crisis. But while it urges financial inclusion, don’t expect the IMF to...
Davos: IMF’s Lagarde Says Fintech Will Shake The System
International Monetary Fund Head, Christine Lagarde, told the World Economic Forum in Davos, “fintech is going to shake the system.” She also urged against relying on...
The Federal Reserve Could Launch a ‘FedCoin’- But There’s Really No Point
It seems as if the Federal Reserve really understands the core values of Bitcoin and that launching a national cryptocurrency is pointless. Director of the IMF Christine Lagarde spoke...
IMF’s Lagarde Says It’s Time to Consider State-Issued Digital Currencies
Head of the International Monetary Fund, Christine Lagarde, said that central banks should consider issuing state-backed digital currency. The IMF head gave her advice during a speech...
IMF’s Lagarde: Bitcoin ‘Could Have a Significant Impact on How We Save’
In an official International Monetary Fund Blog post yesterday, IMF Managing Director Christine Lagarde showered positive sentiment on the cryptocurrency market, though also cautioned...
IMF: Cryptocurrency Regulation is ‘Inevitable’
The cryptocurrency market has largely operated free from regulation since Bitcoin first came about in 2009. With crypto on everyone’s minds these days, however, the IMF says Bitcoin...