Category: European Central Bank

Bitcoins Not Really Currencies, Euro Is Always Euro — Says European Central Bank President

The European Central Bank (ECB) recently published a paper titled “Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures,” in which the European Central Bank President states that Bitcoin is not a currency and is, therefore, no threat to monetary policy or the real economy. Bitcoin Is […]

Bitcoin [BTC]: European Central Bank releases paper on cryptocurrencies’ implications for financial stability

Bitcoin [BTC], the largest cryptocurrency by market cap, saw a massive crash in the market, earlier today. The coin that gained over $2000 within a few days, lost over $1500 under two hours. This plunge also resulted in the liquidation of over $207 million worth of long positions on BitMEX, […]

European Central Bank Policymaker Backs Stablecoins over Bitcoin

European Central Bank policymaker Francois Villeroy de Galhau believes that stablecoins can play an important role in the financial system as they aren’t as volatile as Bitcoin and other cryptocurrencies, reported Bloomberg, May 15, 2019. What’s Not Understood is Often Feared In the past seven days, Bitcoin’s price has reached […]

Cryptocurrencies Will Never Be Able To Substitute the Currency Issued by a Central Bank, Says Romanian Bank Official

A Romanian Central Bank official has said that it not necessarily true that digital currencies issued by central banks will replace fiat currencies, as they believe digital currencies are not necessarily currencies but more like financial assets. The news was reported by local media outlet Business Review. The official, Daniel […]

European Central Bank Chief: “Bitcoin Is Not Money,” Then Literally Adds: “As a Central Bank, We Can Print Money…”

The European Central Bank (ECB) is under a lot of heat from the Bitcoin and cryptocurrency community after they held an AskECB event on Twitter and said some controversial things. The ECB commentator behind the event was the ECB chief economist, Peter Praet. As previously reported by IIB, during the #AskECB […]

European Central Bank Tweets: “As a Central Bank, We Can Create Money To Buy Assets” – Community Compares It To Bitconnect

Just recently, the European Central Bank (ECB) boosted awareness on Twitter as to why cryptocurrency is better than fiat money, vindicating Bitcoin and crypto enthusiasts everywhere. Ironically, the ECB did so unwittingly, as recommending  Bitcoin (BTC) or any crypto is self-detrimental, and the last thing any central bank wants to do. […]

Bitcoin [BTC] is not money, but devaluing currency is within our rights: European Central Bank

The European Central Bank [ECB], the central bank of the union of 19 countries in the European Union [EU], has stated that Bitcoin [BTC] is not money, despite its popularity in the continent. He further stated that they are within their rights “as a central bank” to print money and […]