ECB Says It Plans to Use More On-Chain Data to Monitor Crypto Assets
The European Central Bank has issued a new report revealing plans to use more granular blockchain data to better monitor the crypto markets.
A digital currency could ensure that citizens remain able to use central bank money even if cash is eventually no longer used, according to Benoît Cœuré.
Contrary to earlier reports, a source tells CoinDesk the EU isn't looking to issue its own digital currency in response to Libra.
On another down day, we're talking U.S. warnings on digital assets, a brief history of troubled but systemically important stablecoin "Tether", and a look at the arms-race in blockchain mining technology.
The Libra Association is to be grilled by 26 central banks over the perceived risks to financial stability posed by the crypto project.
Yves Mersch has warned of the threat posed by Facebook's Libra to monetary policy and consumers in the EU.