News about ECB

News about Ecb

Top ECB Official Ramps Up Anti-Crypto Rhetoric, Calls for Global Regulations

Comparing the rise of crypto assets to the gold rush, a top executive at the European Central Bank has urged governments to take action to prevent “a lawless frenzy of risk-taking.” Speaking in the U.S., the ECB official called...

ECB needs 'globally coordinated regulatory action' on crypto, says official

European Central Bank executive board member Fabio Panetta said lawmakers across the world must decide how to regulate cryptocurrencies based on potential risks.In a written statement for a speech to Columbia University on Monday, Panetta said global...

ECB's Panetta Blasts Crypto as ‘Ponzi Scheme’ Fueled by Greed

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ECB to Cease Bond Purchases in Q3, Lagarde Says EU’s Economic Rebound ‘Crucially Depends on How the Conflict Evolves’

After the inflation rate in the eurozone reached a high of 7.5% in March, the European Central Bank (ECB) and the bank’s president Christine Lagarde explained on Thursday the central bank’s bond purchases will cease in Q3. Reiterating w...

ECB executive board member talks about current state of digital euro CBDC research

European Central Bank executive board member Fabio Panetta provided an overview of the central bank’s current research on a retail central bank digital currency (CBDC) when he spoke at the IESE Business School Banking Initiative Conference on Technol...

European Inflation Skyrockets to Record 7.5% — ECB Chief Lagarde Expects Energy Prices to ‘Stay Higher for Longer’

While inflation continues to roar in the U.S., the inflation rate in the eurozone tapped another high last month reaching 7.5% in March. Energy and food prices have soared throughout the 19 member state economies, and European...

ECB Officials Urges to Accept Digital Euro in Brick-and-Mortar Stores

Fabio Panetta, a member of the Executive Council of the European Central Bank (ECB), an acceptance of the digital euro in brick-and-mortar stores and online entities to help promote the use of the fiat digital euro. A digital euro needs to allow e...

ECB official suggests importance of physical stores accepting digital euro

Fabio Panetta, an executive board member of the European Central Bank, said focus groups exploring the potential rollout of a digital euro hinted the ability to use the digital currency at online and physical stores could be a key feature.In a writte...

Crypto trading in rubles falls even as ECB warns again on sanctions

European Central Bank president Christine Lagarde reiterated warnings that Russian individuals and businesses use cryptocurrencies to skirt sanctions.As of March 18, however, daily ruble-denominated crypto trading volume was sitting at just $7.4 mill...

ECB Chief: Cryptocurrencies Are ‘Certainly’ Being Used to Circumvent Russian Sanctions

The European Central Bank (ECB) warns cryptocurrencies are being used to evade sanctions by Russians. ECB President Christine Lagarde warns crypto firms against becoming “accomplices” in the crime. ECB President Lagar...

Poll Suggests ECB May Wait Until Q4 to Raise Rates, Several Banks Expect a Series of Fed Rate Hikes This Year

A recently published Reuters poll suggests the European Central Bank (ECB) may wait until the last quarter of the year (Q4) to raise its first interest rate in over ten years. The poll’s author details that after the conflict in Ukraine, &...

ECB president calls for crypto regulation in response to Russia potentially evading sanctions

Christine Lagarde, president of the European Central Bank (ECB), has called on lawmakers to approve a regulatory framework on crypto, hinting at potentially preventing Russia from getting around economic sanctions.Speaking to reporters at an informal...

ECB Chief Lagarde Says Digital Euro Will Not Replace Cash — But Could Offer Convenient, Cost-Free Means of Payment

The president of the European Central Bank (ECB), Christine Lagarde, says that a digital euro will not replace cash but would complement it. “A digital euro would give you an additional choice about how to pay and make it easier to do so,...

Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates

The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in...

ECB Paper Marks Success Factors for CBDCs, Digital Euro

A paper published by the European Central Bank (ECB) discusses various conditions for successful implementation of central bank digital currencies (CBDCs) such as the eurozone’s own digital euro. The authors also point to different risks that...

ECB Staff Union Demands More Pay to Guard Against Inflation

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Unbelievably candid comment by ECB member on fiat money creation

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Peter Praet, Chief Economist at the ECB, trying to explain how central bank money gets created

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Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says

The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and private money, according to Fabio Panetta, a high-ranking executive at the European...

ECB Appoints Advisory Group for Digital Euro Project

The European Central Bank (ECB) has appointed an advisory group for the digital euro project. Called the Digital Euro Market Advisory Group, it was founded with 30 members from business backgrounds. The council will have a say in the design, distribu...

German Newspaper FAZ prints article against bitcoin - written by ECB Members

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ECB President Christine Lagarde Insists Cryptos Are Not Currencies, Calls Them Highly Speculative, Suspicious

The president of the European Central Bank (ECB), Christine Lagarde, says cryptos are not currencies, adding that they are “highly speculative, suspicious occasionally, and high intensity in terms of energy consumption.” She als...

ECB Officially Starts to Investigate Digital Euro — Development Could Begin in 2 Years

The European Central Bank (ECB) says it is “starting to investigate” a digital euro by launching a two-year investigation. ECB President Christine Lagarde believes the ECB should be ready to respond to people’s demands fo...

Stablecoins are assets — not currencies, says ECB president

“Stablecoins are pretending to be a coin, but in fact it’s completely associated with an actual currency,” said Christine Lagarde. Christine Lagarde, president of the...

ECB Vice President States Crypto Should Be Regulated Like Other Assets

European Central Bank (ECB) Vice President Luis De Guindos has stated he wants cryptocurrencies to be subject to the same rules that other assets are. The statements were offered in a presentation given as part of the summer courses offered by the Eu...

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