Why the ECB Is Getting in on the Stablecoin Game
Discussing the ECB's recent stablecoin comments, the resurfacing of some prominent 2017 token projects and a debate: Is crypto for criminals?
Bitcoin prices slid for a fifth straight day, but the bigger news is what the N.Y. Fed and Christine Lagarde's ECB do next.
The working group will pool research into CBDCs.
Bitcoin suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies.
Lagarde said the ECB will continue researching CBDCs and will not stand in the way of any private initiatives.
Facebook could leverage its social media platform to block out competitors, according to Christine Lagarde.