Christine Lagarde’s Son Is a Crypto Investor Despite Her Anti-Bitcoin Stance

christine-lagarde’s-son-is-a-crypto-investor-despite-her-anti-bitcoin-stance

The President of the European Central Bank (ECB) – Christine Lagarde – reiterated her negative stance on cryptocurrencies, claiming they are “based on nothing” and should be strictly regulated. Nonetheless, she revealed that one of her sons had distributed some of his wealth into the digital asset market. Diving Into Crypto Despite Mom’s Advice Numerous … Read more

‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable Finance

‘defi-in-europe-has-no-lobby,’-says-co-founder-of-unstoppable-finance

Peter Grosskopf, co-founder of the DeFi project Unstoppable Finance, tells Cointelegraph auf Deutsch what he thinks about new regulations for DeFi. Currently, trialogue for the Markets in Crypto Assets (MiCA) and Transfer of Funds (TFR) regulations is underway in the European Commission, the European Parliament and the Council of Ministers, which will be concluded in … Read more

In Light of UST and LUNA Crash: G7 Countries to Discuss Crypto Regulations (Report)

in-light-of-ust-and-luna-crash:-g7-countries-to-discuss-crypto-regulations-(report)

François Villeroy de Galhau – Governor of the Bank of France – reportedly said that Terra’s fiasco and the recent crash of the crypto market should serve as a “wake-up call” for implementing rules in the sector. As such, discussing such measures could be one of the main topics during this week’s meeting of Group … Read more

European Union Could Start Testing a CBDC in 2023, ECB Executive Says

european-union-could-start-testing-a-cbdc-in-2023,-ecb-executive-says

With the crash of TerraUSD —the largest algorithmic stablecoin in the ecosystem— and the de-pegging of other stablecoins like Stasis, DEI (not to be confused with DAI and even Tether), financial institutions like the European Central Bank, used this weakness in their favor and started promoting their new CBDCs. On May 16, Italian economist and … Read more

Chairman of the Digital Euro Association: ‘The primary aim of the digital euro is still not clear’

chairman-of-the-digital-euro-association:-‘the-primary-aim-of-the-digital-euro-is-still-not-clear’

Jonas Gross spoke with Cointelegraph about the digital euro’s risks for private banks and the goals of the ECB. The European Central Bank (ECB) is planning to launch a prototype of the digital euro in 2023. In the next five years, Europe could have its own central bank digital currency (CBDC) up and running. However, … Read more