Cryptocurrencies Pose No Threat to Financial Stability: EU Central Bank
The European Central Bank has said that cryptocurrencies are currently not a threat to financial stability in the euro zone.
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.
Noelle Acheson looks at the evolving role of central banks in the context of the current crisis, and what that could mean for crypto.
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.
The working group will pool research into CBDCs.
Europe's central bankers have developed an "anonymity voucher" to give prospective CBDC users limited privacy in their retail transactions.