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đŚ European Central Bank (ECB) Initiates Testing of DLT Network Payments đđą
The ECB is actively recruiting companies to participate in testing distributed ledger technology (DLT) network payments using central bank funds. Eligible participants include banks or institutions with access to the TARGET payment system, eligible central securities depositories, platform operators under the DLT pilot scheme, and licensed institutions operating DLT platforms. The first application period closes on January 31st, followed by the second application period closing on April 30th, 2024. đŞđşđ #ECB #DLT #Blockchain #centralbank
The ECB is actively recruiting companies to participate in testing distributed ledger technology (DLT) network payments using central bank funds. Eligible participants include banks or institutions with access to the TARGET payment system, eligible central securities depositories, platform operators under the DLT pilot scheme, and licensed institutions operating DLT platforms. The first application period closes on January 31st, followed by the second application period closing on April 30th, 2024. đŞđşđ #ECB #DLT #Blockchain #centralbank
Tel Aviv Stock Exchange Plans to Let Customers of its Non-Bank Members Trade Crypto.
#TelAviv #stocks #israel #centralbank #crypto2023
#TelAviv #stocks #israel #centralbank #crypto2023
IMF offers Jordanâs central bank recommendations for implementing retail CBDC.
#IMF #jordan #centralbank #cbdc
#IMF #jordan #centralbank #cbdc
IMF made recommendations to the Central Bank of Jordan regarding central bank digital currencies.
#IMF #centralbank #digitalcurrency #cbdc #BTC
#IMF #centralbank #digitalcurrency #cbdc #BTC
Nigeria's Central Bank in Talks With Blockchain Platform R3 for CBDC Revamp.
#nigeria #centralbank #blockChain #R3 #cbdc
#nigeria #centralbank #blockChain #R3 #cbdc
Deutsche Bank completes trial of tokenized investment platform.
#deutschebank #centralbank #Stablecoins #BTC
#deutschebank #centralbank #Stablecoins #BTC
Central Bank Digital Currencies or CBDCs developments continue to run in full swing. Of late, renowned banking institutions saw âclear potential and valueâ in SWIFTâs experimental CBDC Connector pilot tests.
#centralbank #Binance #crypto2023 #BTC #dyor
#centralbank #Binance #crypto2023 #BTC #dyor
$30 billion to be deposited into First Republic Bank $FRC by JPMorgan, Bank of America, Wells Fargo, Citi, and more.
#bank #banks #centralbank #dyor #BTC
#bank #banks #centralbank #dyor #BTC
Credit Suisse bank credit risk premium reached crisis level. The company sought support from the Swiss National Bank.
#CreditSuisse #bank #banks #SVB #centralbank
#CreditSuisse #bank #banks #SVB #centralbank
BREAKING: đŠđŞ Giant BITCOINâŻsymbol projected on the ECB building (European Central Bank) đąđ
#centralbank #Binance #crypto2023 #BTC #cryptonews
#centralbank #Binance #crypto2023 #BTC #cryptonews
NEWS: Bitcoin considered a âspeculative assetâ by European Central Bank
The European Central Bank dismisses #Bitcoin as a "speculative asset" and reaffirms its commitment to the development of a Digital Euro (#CBDC ). ECB Executive Director Isabel Schnabel emphasizes the differences and outlines the cautious approach towards #Cryptoassets
đŹ ECB's Stance: Schnabel, speaking through the ECB X account, clarifies that the #centralbank has no plans to purchase $BTC , categorizing it as a speculative asset that lacks the characteristics of money. The ECB remains focused on its exploration of a digital euro
Digital Euro Development: Schnabel underscores the ECB's commitment to the digital euro, aiming for a fast, easy, and secure instrument for daily payments. The ECB sees this digital currency coexisting with physical #money , not replacing it, in efforts to adapt to an evolving financial landscape
đ Lack of Intrinsic Value: The ECB cites concerns over crypto-assets, emphasizing their perceived lack of intrinsic economic value, high volatility, and speculative nature. Schnabel notes that Bitcoin's market valuation is driven purely by speculation
đŤ Bitcoin Rejection: Schnabel explicitly states, "The ECB is very unlikely ever to buy BTC reinforcing the central bank's stance on steering clear of the leading cryptocurrency. The ECB's strategic vision aligns with a regulated and controlled digital euro
đ Digital Euro Benefits: The ECB aims to launch the digital euro in 2026, under strict regulatory supervision. Schnabel highlights its potential as a widely accepted, secure, and privacy-respecting payment option. The digital euro is positioned to coexist with traditional cash
𤨠Privacy Concerns Addressed: Schnabel dismisses concerns about personal privacy related to the digital euro, asserting that it would offer an additional, ECB-backed payment option while meeting the highest privacy standards, akin to physical cash
In summary, the ECB's cautious approach to Bitcoin aligns with its strategic focus on developing a regulated and controlled digital euro. The central bank aims to address evolving financial needs while maintaining privacy standards and steering clear of speculative assets
đŹ ECB's Stance: Schnabel, speaking through the ECB X account, clarifies that the #centralbank has no plans to purchase $BTC , categorizing it as a speculative asset that lacks the characteristics of money. The ECB remains focused on its exploration of a digital euro
Digital Euro Development: Schnabel underscores the ECB's commitment to the digital euro, aiming for a fast, easy, and secure instrument for daily payments. The ECB sees this digital currency coexisting with physical #money , not replacing it, in efforts to adapt to an evolving financial landscape
đ Lack of Intrinsic Value: The ECB cites concerns over crypto-assets, emphasizing their perceived lack of intrinsic economic value, high volatility, and speculative nature. Schnabel notes that Bitcoin's market valuation is driven purely by speculation
đŤ Bitcoin Rejection: Schnabel explicitly states, "The ECB is very unlikely ever to buy BTC reinforcing the central bank's stance on steering clear of the leading cryptocurrency. The ECB's strategic vision aligns with a regulated and controlled digital euro
đ Digital Euro Benefits: The ECB aims to launch the digital euro in 2026, under strict regulatory supervision. Schnabel highlights its potential as a widely accepted, secure, and privacy-respecting payment option. The digital euro is positioned to coexist with traditional cash
𤨠Privacy Concerns Addressed: Schnabel dismisses concerns about personal privacy related to the digital euro, asserting that it would offer an additional, ECB-backed payment option while meeting the highest privacy standards, akin to physical cash
In summary, the ECB's cautious approach to Bitcoin aligns with its strategic focus on developing a regulated and controlled digital euro. The central bank aims to address evolving financial needs while maintaining privacy standards and steering clear of speculative assets
STUDY: đˇđş Russian households are increasingly holding more of their money in crypto wallets, surpassing investments in mutual funds and gold, according to a recent survey by the Central Bank of Russia.
#Russia #wallet #bank #centralbank #BTC
#Russia #wallet #bank #centralbank #BTC
European Central Bank has warned countries' finance ministers that higher interest rates could hurt some EU banks.
#EU #bank #banks #centralbank
#EU #bank #banks #centralbank
Oman Is Going To Put Up A #Regulatory Framework For Digital Assets.
Over 65,000 residents of Oman own #cryptocurrencies , despite the country's #centralbank cautions against investing in #digitalassets .
Over 65,000 residents of Oman own #cryptocurrencies , despite the country's #centralbank cautions against investing in #digitalassets .
GM Legends đ¤
#BTC is just 10% away from the ATH $BTC
#Altseason đŁđŁ
Today Bitcoin Spot ETF approval would be special and historic especially after these remarks:
"10 year imprisonment proposed if you trade Bitcoin."
- Garg Committee India
" Bitcoin is like a Tulip Mania"
- Central Bankers #centralbank
" just seems like a scam"
- Donald Trump #DonaldJTrump
"probably rat poison squared"
- Warren Buffett
"If I was the government, I'd close it down."
- Jamie Dimon
"I personally think the Bitcoin bubble will pop before the dollar bubble."
- Peter Schiff #PeterSchiff
"Bitcoin is a huge, long-running Ponzi scheme."
- Paul Krugman
"Bitcoin uses more electricity per transaction than any other method known to mankind.â
Just a beginning , we will see 100k , 120k #BTC this year
#BTC is just 10% away from the ATH $BTC
#Altseason đŁđŁ
Today Bitcoin Spot ETF approval would be special and historic especially after these remarks:
"10 year imprisonment proposed if you trade Bitcoin."
- Garg Committee India
" Bitcoin is like a Tulip Mania"
- Central Bankers #centralbank
" just seems like a scam"
- Donald Trump #DonaldJTrump
"probably rat poison squared"
- Warren Buffett
"If I was the government, I'd close it down."
- Jamie Dimon
"I personally think the Bitcoin bubble will pop before the dollar bubble."
- Peter Schiff #PeterSchiff
"Bitcoin is a huge, long-running Ponzi scheme."
- Paul Krugman
"Bitcoin uses more electricity per transaction than any other method known to mankind.â
Just a beginning , we will see 100k , 120k #BTC this year
Breaking News:
Central Banks set to embrace crypto revolution!
Starting January 1, 2025, they can allocate up to 2% of reserves in #Crypto, as per the Bank of International Settlements (BIS).
BIS assures the global banking system's direct exposure to crypto remains relatively low.
#centralbank #fomc #adoption #bitcoin #BTC
$BTC $ETH $BNB
Central Banks set to embrace crypto revolution!
Starting January 1, 2025, they can allocate up to 2% of reserves in #Crypto, as per the Bank of International Settlements (BIS).
BIS assures the global banking system's direct exposure to crypto remains relatively low.
#centralbank #fomc #adoption #bitcoin #BTC
$BTC $ETH $BNB
đđ¤Łđđ¤Łđ
The Central Bank asked Bitcoin how it handles inflation. Bitcoin replied: âEasy, I don't have a print button!â.
I hope this one gives you a chuckle!
#centralbank #bitcoinjoke #cryptojokes #SecGov #FederalReserve
The Central Bank asked Bitcoin how it handles inflation. Bitcoin replied: âEasy, I don't have a print button!â.
I hope this one gives you a chuckle!
#centralbank #bitcoinjoke #cryptojokes #SecGov #FederalReserve
_đ¨â ď¸đ¨Brazil's Central Bank to Regulate Stablecoins by 2025_ đ
$BTC $BNB $SHIB đ⤴ď¸đŞ
Brazil's central bank is taking bold steps to regulate stablecoins by 2025, providing a secure environment for investors amidst growing demand.
_Stablecoin Popularity Soars_ đ
Transaction values on local exchanges have increased by 207.7% in the past year, driven by the shift towards stability amid local currency fluctuations.
_Key Regulation Objectives_ đ
1. _Enhance Security_ đ: Protect investors and maintain market integrity.
2. _Promote Stability_ đ: Regulate stablecoins to maintain their value.
3. _Combat Illicit Activities_ đŤ: Address concerns over tax evasion and other illicit activities.
_Phased Approach_ đ
The central bank will:
1. Conduct public consultations
2. Gather feedback
3. Create a robust regulatory framework
_Expert Insights_ đĄ
"Regulation will foster growth opportunities for cryptocurrency in Brazil." - Roberto Campos Neto, Central Bank Chief
_Implications_ đ
1. _Growth Opportunities_: Brazil becomes an attractive hub for B2B cross-border payments.
2. _Increased Adoption_: Clear regulations encourage mainstream acceptance.
3. _Global Influence_: Brazil sets a precedent for stablecoin regulation.
_Sources_:
š CoinTelegraph: "Brazil's Central Bank to Regulate Stablecoins by 2025"
Âł Bloomberg: "Brazil's Central Bank Chief Sees Stablecoin Regulation Coming"
_Stay Informed_:Follow crypto news and updates
Track regulatory developments in Brazil
Monitor global stablecoin trends
#Brazil #Stablecoins #Regulation #centralbank #Crypto #Blockchain #FinancialStability
$BTC $BNB $SHIB đ⤴ď¸đŞ
Brazil's central bank is taking bold steps to regulate stablecoins by 2025, providing a secure environment for investors amidst growing demand.
_Stablecoin Popularity Soars_ đ
Transaction values on local exchanges have increased by 207.7% in the past year, driven by the shift towards stability amid local currency fluctuations.
_Key Regulation Objectives_ đ
1. _Enhance Security_ đ: Protect investors and maintain market integrity.
2. _Promote Stability_ đ: Regulate stablecoins to maintain their value.
3. _Combat Illicit Activities_ đŤ: Address concerns over tax evasion and other illicit activities.
_Phased Approach_ đ
The central bank will:
1. Conduct public consultations
2. Gather feedback
3. Create a robust regulatory framework
_Expert Insights_ đĄ
"Regulation will foster growth opportunities for cryptocurrency in Brazil." - Roberto Campos Neto, Central Bank Chief
_Implications_ đ
1. _Growth Opportunities_: Brazil becomes an attractive hub for B2B cross-border payments.
2. _Increased Adoption_: Clear regulations encourage mainstream acceptance.
3. _Global Influence_: Brazil sets a precedent for stablecoin regulation.
_Sources_:
š CoinTelegraph: "Brazil's Central Bank to Regulate Stablecoins by 2025"
Âł Bloomberg: "Brazil's Central Bank Chief Sees Stablecoin Regulation Coming"
_Stay Informed_:Follow crypto news and updates
Track regulatory developments in Brazil
Monitor global stablecoin trends
#Brazil #Stablecoins #Regulation #centralbank #Crypto #Blockchain #FinancialStability
