EU Official: We Can’t Regulate Libra Without More Details – CoinDesk

The European Union is still trying to figure out what to do about Libra, according to a memo released Tuesday by European Commission Executive Vice-President Valdis Dombrovskis. The indecisiveness stems from a lack of actionable information. Specifically, Libra “lacks detail,” according to Dombrovskis.  Despite repeatedly asking the Facebook-launched Libra Association for information about its payments […]

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Brexit Divorce Is Advertising Opportunity for Crypto Firms – CoinDesk

As the United Kingdom left the European Union this week, the Paris-based hardware provider Ledger and Vienna-based exchange Bitpanda made their thoughts known on the theme of “Brexit.”  Hanging in Canary Wharf, a financial district in London, on Friday was Ledger’s 7-by-4-meter digital billboard, reviving and modifying the controversial pro-Brexit slogan “take back control.”  Pascal […]

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Regulated Fintech Firm Monerium to Issue E-Money on Algorand Blockchain – CoinDesk

A regulated European startup plans to bring fiat currency transactions onto the Algorand blockchain. Iceland-based Monerium, which has a European Economic Area (EEA) e-money license, has entered into a non-exclusive partnership with Algorand. Announced Tuesday, the deal will see the two companies collaborate on developing “real-world use cases that are enabled by advanced blockchain technology” […]

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ESMA Wants to Create ‘Sound Legal Framework’ for Cryptocurrencies in 2020 – CoinDesk

The European Securities and Markets Authority (ESMA) plans to push for more regulation around cryptocurrencies and related products as part of its 2020 focus. ESMA published its 2020-2022 priorities list Thursday, noting that EU capital markets are facing new risks from digitalization. The organization wants market participants to acknowledge and prepare for these apparent risks. […]

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ECB’s Lagarde: We Want to Develop Digital Currencies but Won’t Discourage Private Initiatives – CoinDesk

The European Central Bank is eager to expand its role in developing central bank digital currencies (CBDCs), but that doesn’t mean private enterprises can’t join the party, said President Christine Lagarde. In an interview Wednesday with French business magazine, Challenges, Lagarde reiterated the ECB wants to play an active role in cryptocurrencies. As businesses and […]

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Facebook’s Social Media Platforms May Give Libra Unfair Advantage, Says ECB’s Lagarde – CoinDesk

The new president of the European Central Bank (ECB), Christine Lagarde, has expressed concern that Facebook may use its digital platform to promote Libra and lock-out rival stablecoin operators. In a letter responding to EU lawmakers yesterday, Lagarde said stablecoins addressed many of the problems associated with the existing cross-border payments system. They offered users […]

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‘Anonymity Vouchers’ Could Bring Limited Privacy to CBDCs: ECB Report – CoinDesk

The European Central Bank (ECB) is thinking through the logistics of a hypothetical central bank digital currency (CBDC). Revealed Tuesday in an ECB report, Europe’s central bankers have developed an “anonymity voucher” to give prospective CBDC users limited privacy in their retail transactions. The ECB’s “novel new concept” aims to bridge two clashing forces in […]

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