ECB


Policy

ECB Warns That Crypto Risks Could Spill Over Into Wider Economy

Given the increasing risks of crypto, it is important to bring it into the regulatory perimeter as a matter of urgency, the European Central Bank said in a report.

The EU flag (Christian Lue/Unsplash)

Policy

ECB’s Panetta: Digital Euro Could Come Out Within 4 Years

Peer-to-peer payments could be a first test case, though no final decision has been made yet.

Euro banknotes (Elena Popova/Getty Images)

Policy

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

The central banker compared crypto market dynamics to the 2008 financial crisis and called for additional regulation and taxes.

BRUSSELS, BELGIUM - JANUARY 20, 2020 : Italian member of the European Central Bank's executive board Fabio Panetta (L) and the President of the European Central Bank (ECB) Christine Lagarde (R) are waiting prior an Eurogroup Ministers meeting in the Jusuts Lipsius, the European Union Council headquarter on January 20, 2010, in Brussels, Belgium. The International Monetary Fund (IMF) will present the main findings of its euro area Article IV interim mission. he Eurogroup will discuss the updated draft budgetary plan of Portugal for 2020, on the basis of a Commission opinion. The outcome is expected to be reflected in a Eurogroup statement. The Commission will present its proposal for the draft recommendation on the economic policy of euro area for 2020, published on 17 December. Ministers will have a first exchange of views on the proposal. The Council addresses annual recommendations on economic policy to the euro area as part of the European Semester. (Photo by Thierry Monasse/Getty Images)

Policy

Crypto Popularity Could Pose Stability Risk, EU Watchdog Warns, as It Ponders New Powers

Fintech firms could face bank-style lending caps to stop crypto markets overheating, the European Systemic Risk Board said.

Christine Lagarde, president of the European Central Bank (Alex Kraus/Bloomberg via Getty Images)

Policy

ECB Official Calls for ‘Less Tolerant’ Approach to Bitcoin ‘Gambling’

Fabio Panetta's remarks come as EU lawmakers consider measures to end anonymous crypto transactions and cut off unregulated exchanges.

ECB Official Fabio Panetta (Thierry Monasse/Getty Images, modified by CoinDesk)

Policy

Small Digital Euro Payments Won’t Need Laundering Checks, ECB Official Says

The proposals regarding the potential future central bank digital currency come as lawmakers prepare to scrap anonymous bitcoin payments.

BRUSSELS, BELGIUM - JANUARY 20, 2020 : Italian member of the European Central Bank's executive board Fabio Panetta (L) and the President of the European Central Bank (ECB) Christine Lagarde (R) are waiting prior an Eurogroup Ministers meeting in the Jusuts Lipsius, the European Union Council headquarter on January 20, 2010, in Brussels, Belgium. The International Monetary Fund (IMF) will present the main findings of its euro area Article IV interim mission. he Eurogroup will discuss the updated draft budgetary plan of Portugal for 2020, on the basis of a Commission opinion. The outcome is expected to be reflected in a Eurogroup statement. The Commission will present its proposal for the draft recommendation on the economic policy of euro area for 2020, published on 17 December. Ministers will have a first exchange of views on the proposal. The Council addresses annual recommendations on economic policy to the euro area as part of the European Semester. (Photo by Thierry Monasse/Getty Images)

Policy

Crypto Implicated in Child Porn, Terrorism, French Official Says, Calling for End to Online Anonymity

The head of France’s anti-dirty money unit said the authorities should be able to access information about even small online transfers.

Ministère de l'Economie et des Finances (Daniele SCHNEIDER/Getty Images)

Policy

ECB’s Lagarde Supports Acceleration of Digital Euro Work

Concerns over crypto’s role in evading sanctions have prompted regulators worldwide to speed up efforts in the sector.

European Central Bank (ECB) President Christine Lagarde (Ronald Wittek/Getty Images)

Markets

Bitcoin Reverses Wednesday's Gain Ahead of ECB Rate Decision, US Inflation

Markets have scaled back bets of ECB tightening in the wake of the Russia-Ukraine war.

Bitcoin drops to $39,000, reversing Wednesday's spike. (CoinDesk, Highcharts.com)

Policy

ECB Wants Quick Action on Crypto Regulation Following Russian Sanctions

The European parliament earlier today postponed a vote on a regulatory framework for cryptocurrencies.

ECB President Christine Lagarde (CoinDesk archives)