EU

European Union to Regulate Stablecoins, Not Issue Its Own: Source

The European Union is taking a closer look at how to regulate stablecoins, but has no plans to issue one of its own. A group within the EU presidency is working on a draft political declaration regarding the regulation of stablecoins, an individual familiar with the matter told CoinDesk. First reported by Reuters, the declaration …

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ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’

</header> <strong>Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and of growth rather than the protection of savers?” Regarding …

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Why Central Banks Are Not Designed for Democracies

</header> <strong>Through their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks are almost never part of the due democratic process. …

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Turkey Throws Another Wrench Into the USD’s Works and Joins Russian Swift

</header> <strong>The dominance of the U.S. dollar as the global reserve currency is being robustly challenged on all fronts. Other geopolitical powers and smaller but important players are unwilling to accept the political influence Washington exerts through its fiat money. And in times of trade wars, sanctions, and even tensions between allies, the push to …

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EU Finance Commissioner Vows New Rules on Crypto, Libra Stablecoin

Valdis Dombrovskis, the European Union’s financial services commissioner, said he intends to create a new regulatory framework for cryptocurrencies, particularly Facebook’s Libra stablecoin. “Europe needs a common approach on crypto-assets such as Libra. I intend to propose new legislation on this,” Dombrovskis said in a confirmation hearing seeking for reappointment on Tuesday with EU policy makers. The …

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Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies

</header> <strong>Relations between Belarus and Russia have always been quite complicated. The union the two close allies created has faced all kinds of challenges over its 20 plus years of existence. Now cryptocurrency is becoming a new apple of discord, as Minsk has taken a relatively friendly approach to regulating decentralized assets, while some in …

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How Cryptocurrencies Can Mitigate Some of Brexit’s Negative Effects

</header> <strong>Brexit, the European divorce saga</strong> <strong>that has been going on for years, has created a lot of headaches for politicians and ordinary people on both sides of the Channel. The process of Britain leaving the European Union is now heading towards another one of its deadlines while London and Brussels are trying to separate …

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French court rules Steam games must be able to be resold

Sponsored Links Valve In a court decision that could fundamentally change how Steam operates, European Union consumers have won the right to resell their Steam titles through Valve’s digital marketplace. French website Next Inpact reports the Paris Court of First Instance ruled on Tuesday that European Union law allows Steam users to resell their digital …

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CME’s BTC Index Provider CF Benchmarks Wins EU License

CF Benchmarks, CME Group’s Bitcoin (BTC) index provider, received a benchmark license under the European Benchmarks Regulation (EU BMR). On Sept. 13, CF Benchmarks’ official Twitter account announced that the firm received its license from the United Kingdom’s Financial Conduct Authority (FCA). In the tweet, the firm also claims to be the first cryptocurrency index …

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