Bank for International Settlements Says: Central Bank Digital Currency May Lead Banks to Run on ChainB.com

nOutburst assessment: The Bank for International Settlements stated that while digital currencies can bring more convenient payment methods, taking into account the behavior of people in passionate situations, the convenience of such payments will also increase the pressure on banks to run. Moreover, this phenomenon cannot be eliminated through the intervention of other agencies. For … Continue reading “Bank for International Settlements Says: Central Bank Digital Currency May Lead Banks to Run on ChainB.com”

Bank of International Banking Member Releases Central Bank’s Digital Currency Analysis Report ChainB.com

nOutburst Comments: The Bank of International Settlements has been averse to cryptocurrencies, but this sentiment has not interfered with the objective thinking of its employees. Recently, the heads of the two working groups of the bank submitted an analysis report based on the central bank’s digital currency (CBDC). They emphasized the impact of such digital … Continue reading “Bank of International Banking Member Releases Central Bank’s Digital Currency Analysis Report ChainB.com”

Malaysian Central Bank Criticizes ICO Project Using Misleading Logo ChainB.com

nOutburst assessment: The Malaysian Central Bank issued a statement stating that various documents of an ICO project in the country illegally used national emblems, central bank logos, country codes, and 14-point star signs. It is pointed out that such publicity may mislead consumers and remind the public to guard against investment risks. Both the country’s … Continue reading “Malaysian Central Bank Criticizes ICO Project Using Misleading Logo ChainB.com”

Mario Draghi reiterated that Bitcoin regulation is not the responsibility of the European Central Bank

nBankruptcy comment: ECB President Mario Draghi pointed out last fall that the bank has no right to oversee cryptocurrencies such as bitcoin. Recently, he reiterated this view once again, saying that this work is not the responsibility of the European Central Bank. Although the Bitcoin market has undergone many major events since he last made … Continue reading “Mario Draghi reiterated that Bitcoin regulation is not the responsibility of the European Central Bank”

European Central Bank Executive Board member Mersch expressed concern about cryptocurrency “gold rush.”

nBankruptcy Review: The managing director of the Bank for International Settlements once said that the modern endorsement of public monetary credit must be trusted, flexible and tested, and as a result, it is a scam and bubble to criticize the cryptocurrency. ECB Executive Board members also expressed concern, but his focus was on cracking down … Continue reading “European Central Bank Executive Board member Mersch expressed concern about cryptocurrency “gold rush.””

ECB executives say cryptocurrency regulation is not a top priority

nRunaway Comment: According to the ECB’s comments on cryptocurrencies so far, the agency appears to be in no rush to oversee the cryptocurrency market. Recently, the chairman of the Bank’s supervisory committee reiterated this position in an interview, noting that although it is scrutinizing cryptocurrencies and is willing to take regulatory measures where necessary, it … Continue reading “ECB executives say cryptocurrency regulation is not a top priority”

World Gold Council: Bitcoin is inferior to gold, but may shake the central bank’s position

nWalkout comment: The World Gold Council recently released a new investment report detailing its view of cryptocurrencies, such as bitcoin, which is so prevalent today. The group acknowledged bitterly rising bitcoin prices in the past year, but also pointed out that its high risk, not a good investment choice, the gold is still unshakeable advantage. … Continue reading “World Gold Council: Bitcoin is inferior to gold, but may shake the central bank’s position”

European Commission members plan to hold high-level round tables on cryptocurrencies

nRunaway Comment: Encrypted currency is now one of the major topics for governments and global organizations. Recently, a member of the European Commission publicly expressed its intention to convene a high-level round table as soon as possible to bring together representatives of the public and private sectors to discuss the impact of cryptocurrencies on central … Continue reading “European Commission members plan to hold high-level round tables on cryptocurrencies”

The ECB will discuss bitcoin and blockchain with youth

nRunaway Comment: The key issues to be discussed by the ECB’s Third Youth Dialogue include the encryption of currency and blockchain, and the central bank has started a poll on Twitter for this interactive session to proceed smoothly. There has been a huge deal of controversy over the popularity and volatility of bitcoin, with regulatory … Continue reading “The ECB will discuss bitcoin and blockchain with youth”

Bank of Korea set up a working group to study cryptocurrency

nRunaway Comment: The Bank of Korea recently announced the establishment of a new working group to study the effects of cryptocurrencies on traditional finance. In connection with the recent investigation by the financial regulator of South Korea of ​​six major local banks in cryptocurrencies, it is easy to see that South Korea is doing its … Continue reading “Bank of Korea set up a working group to study cryptocurrency”

Sweden plans to launch a national cryptocurrency to create the world’s first cashless economy

nRunaway Comment: HSBC Bank economist James Pomeroy in his book entitled “Sweden’s most important year: the Swedish economy can overcome these challenges? (Sweden’s big year: Can the economy overcome some challenges?) “Confirmed that the Bank of Sweden is currently considering seeking to launch a national cryptocurrency known as e-Krona within two years and to seek … Continue reading “Sweden plans to launch a national cryptocurrency to create the world’s first cashless economy”

Deputy Governor, Central Bank of Israel: Encrypted currency belongs to assets, not currency

nBankruptcy: Israel’s central bank’s deputy governor at a meeting recently made a public comment on cryptocurrencies, saying the new thing is a financial asset, not a currency. The remarks undoubtedly represent, to some extent, the attitude of the Bank of Israel on cryptocurrencies. She also stressed the risk of investing in cryptocurrencies, in line with … Continue reading “Deputy Governor, Central Bank of Israel: Encrypted currency belongs to assets, not currency”

Iranian bankers called for encrypted currency

nBankruptcy comments: Iranian bankers have different attitudes toward cryptocurrencies, such as bitcoin. Iranian bank vice president of Merit Bank believes cryptocurrencies have had some global impact. Banks should therefore personally join such an area that affects the future of the banking industry. And urged central bank officials should not use legal means to limit the … Continue reading “Iranian bankers called for encrypted currency”

Vice presidents of African holding companies called for the central bank to replace Bitcoin with Bitcoin

nRunaway Comment: The Internet era to learn new things to reduce the threshold, and built on the Internet based on the blockchain and cryptocurrency can also be free to learn. It’s just that avant-garde is not something that anyone can understand and use. Just as bitcoin nodes cover the world today, there is still a … Continue reading “Vice presidents of African holding companies called for the central bank to replace Bitcoin with Bitcoin”

European Central Bank officials called for a tax on Bitcoin transactions

nBankruptcy comment: The Austrian central bank governor believes that those involved in cryptocurrency trading must be clear identity, pay VAT, while preventing bitcoin for money laundering risk. ECB Executive Board has also pointed out that bitcoin is a bubble that may involve illegal financial activities, so investors need to guard against the risk of capital … Continue reading “European Central Bank officials called for a tax on Bitcoin transactions”

The Bank of England considers issuing cryptocurrencies linked to the British pound

nBankruptcy comment: The Bank of England has been relatively aggressive in issuing its own cryptocurrency, and its governor has also praised the advantages of blockchain technology on several occasions. Recently, there is news that the Bank of England is seriously considering introducing cryptocurrency-linked cryptocurrencies, and a team responsible for the work said it may announce … Continue reading “The Bank of England considers issuing cryptocurrencies linked to the British pound”

ECB Executive Board said Bitcoin will pose a “major threat to financial stability”

nBankruptcy comment: The size of the European Central Bank officials have made a lot of comments on cryptocurrencies, basically, they think the current trading volume of cryptocurrencies is still small, will not pose a threat to the government’s economic system. However, Yves Mersch, the board’s executive director, said in an interview recently that if traditional … Continue reading “ECB Executive Board said Bitcoin will pose a “major threat to financial stability””

Central Bank of the Philippines: We study Bitcoin “very closely”

nBankruptcy comment: Last year was an important node in the history of bitcoin, and usage and trading volume are also increasing, so the Philippine Central Bank issued the relevant guidance. The central bank, though approved cryptocurrency, but central bank officials are still worried about price volatility. And the central bank sees Bitcoin as a payment … Continue reading “Central Bank of the Philippines: We study Bitcoin “very closely””

The Bank of England or in 2018 issued “Bitcoin digital currency”

nBankruptcy comment: According to the British “Telegraph” reported that the Bank of England or will launch in 2018 the country’s “digital Bitcoin currency.” And this central bank, which has a history of more than 300 years, set up a research department as early as in 2015 to start studying cryptocurrency-linked national cryptocurrencies. From this report, … Continue reading “The Bank of England or in 2018 issued “Bitcoin digital currency””

The Central Bank of the Philippines considers bitcoin regulatory standards

nBankruptcy comment: As the current large amount of legal currency and cryptocurrencies are traded, the Central Bank of the Philippines and the country’s regulator plan to set regulatory standards for digital assets such as Bitcoin, which may involve both transactions and the currency itself. Some of the exchange-rate license applications have also been approved by … Continue reading “The Central Bank of the Philippines considers bitcoin regulatory standards”