• Latest
Global Central Banks to Question Facebook-Led Libra Over Financial Risks

ECB’s Benoit Coeure to Lead Central Banking Digital Currency Initiative

November 11, 2019
6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

March 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

March 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine

The ultimate guide to Miami – Cointelegraph Magazine

March 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine

Dr. Jane Thomason – Cointelegraph Magazine

March 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

March 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

March 31, 2023
Jed McCaleb empties XRP wallet after eight-year selloff

Jed McCaleb empties XRP wallet after eight-year selloff

March 31, 2023
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

March 31, 2023
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

March 31, 2023
SEC objects to XRP holders aiding Ripple defense

SEC objects to XRP holders aiding Ripple defense

March 31, 2023
Blockchain technology is transforming the real estate market – Cointelegraph Magazine

Blockchain technology is transforming the real estate market – Cointelegraph Magazine

March 31, 2023
1658612147 nfts banned in minecraft sec lists 9 tokens as securities.jpg

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockyness for company meltdown: Hodler’s Digest, July 17-23

March 31, 2023
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

ECB’s Benoit Coeure to Lead Central Banking Digital Currency Initiative

coinnewsdaily by coinnewsdaily
November 11, 2019
in Business
0
Global Central Banks to Question Facebook-Led Libra Over Financial Risks
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

IoTeX’s MachineFi Lab challenges Big Tech by democratizing IoT to benefit users and businesses

IoTeX’s MachineFi Lab challenges Big Tech by democratizing IoT to benefit users and businesses

July 26, 2022
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022

Benoit Coeure, outgoing member of the executive board of the European Central Bank (ECB), is to lead a new global effort by central banks to research the benefits of fintech such as digital currencies.

The Bank for International Settlements (BIS) announced the news on Sunday, saying that Coeure will take on the role of head of the BIS Innovation Hub, “set up to foster international collaboration among central banks on innovative financial technology.” The post is initially for a five-year term starting in January 2020.

Coeure said in a statement:

“I am very happy to be joining the BIS. I look forward to bringing my expertise to the global central banking community at this time of rapid technological change. We must make the best use of innovation to support financial stability and promote financial inclusion.”

The Innovation Hub has been given the remit of identifying important trends in fintech that could benefit central bank operations and develop public infrastructure to boost the institutions’ operations.

Among the areas of focus are central bank digital currencies, global stablecoins and other payment innovations. According to its website, the group will also look at regtech, electronic markets, the digitization of trade finance and “the impact of big tech on financial intermediation,” (which, at a guess, includes the Facebook-led Libra project).

The new hub chief has previously said that Libra has “undoubtedly been a wakeup call for central banks and policymakers,” arguing that they should respond to the challenges brought by global stablecoins.

At the time, he acknowledged that Libra and similar efforts could help the unbanked join he financial system and make cross-border payments cheaper, faster and more transparent. However he also cited a long list of potential risks such as money laundering, tax and consumer issues, as well as the threat to the financial policies of central banks.

Coeure also led a Committee on Payments and Market Infrastructure panel quizzing Libra over its planned scope and structure back in September.

Benoit Coeure image via ECB/Flickr

Credit: Source link

Tags: bank operationsbankingBusinessCryptoCrypto BusinessEuropean Central Bankhub chiefpublic infrastructure
Share76Tweet48
Previous Post

Bittrex Will Release Frozen Crypto to Former Users in Sanctioned Regimes

Next Post

XRP Price Losses 2.5% After Stop Loss Trap Above Resistance. |

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

IoTeX’s MachineFi Lab challenges Big Tech by democratizing IoT to benefit users and businesses
Business

IoTeX’s MachineFi Lab challenges Big Tech by democratizing IoT to benefit users and businesses

July 26, 2022
ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
Load More
Next Post
Bitbank COO Reveals Reason behind Ripple’s Popularity in Japan

XRP Price Losses 2.5% After Stop Loss Trap Above Resistance. |

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • 6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
  • Judge denies SEC motion to keep Hinman docs secret in Ripple case
  • The ultimate guide to Miami – Cointelegraph Magazine
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$28,472.00-0.20%
  • ethereumEthereum(ETH)$1,816.96-0.55%
  • tetherTether(USDT)$1.000.13%
  • binancecoinBNB(BNB)$315.44-0.36%
  • rippleXRP(XRP)$0.51-4.91%
  • cardanoCardano(ADA)$0.384814-3.03%
  • dogecoinDogecoin(DOGE)$0.08486510.13%
  • matic-networkPolygon(MATIC)$1.11-0.89%
  • solanaSolana(SOL)$21.000.10%
  • polkadotPolkadot(DOT)$6.421.31%
  • litecoinLitecoin(LTC)$93.101.17%
  • shiba-inuShiba Inu(SHIB)$0.0000114.90%
  • tronTRON(TRX)$0.0667961.81%
  • daiDai(DAI)$1.000.14%
  • chainlinkChainlink(LINK)$7.48-1.27%
  • cosmosCosmos Hub(ATOM)$11.411.98%
  • leo-tokenLEO Token(LEO)$3.39-2.87%
  • ethereum-classicEthereum Classic(ETC)$21.192.42%
  • moneroMonero(XMR)$158.261.64%
  • stellarStellar(XLM)$0.107443-3.86%
  • okbOKB(OKB)$41.820.19%
  • bitcoin-cashBitcoin Cash(BCH)$126.071.12%
  • filecoinFilecoin(FIL)$5.730.02%
  • crypto-com-chainCronos(CRO)$0.0698140.78%
  • vechainVeChain(VET)$0.0236080.70%
  • algorandAlgorand(ALGO)$0.222914-1.19%
  • internet-computerInternet Computer(ICP)$5.210.30%
  • eosEOS(EOS)$1.19-0.17%
  • elrond-erd-2MultiversX(EGLD)$42.69-0.82%
  • theta-tokenTheta Network(THETA)$1.072.00%
  • aaveAave(AAVE)$74.04-0.22%
  • tezosTezos(XTZ)$1.12-0.28%
  • neoNEO(NEO)$12.36-1.23%
  • havvenSynthetix Network(SNX)$2.550.54%
  • paxos-standardPax Dollar(USDP)$1.000.27%
  • bitcoin-cash-svBitcoin SV(BSV)$36.130.40%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.751.07%
  • dashDash(DASH)$58.76-0.82%
  • iotaIOTA(MIOTA)$0.2235861.81%
  • makerMaker(MKR)$687.80-0.14%
  • huobi-tokenHuobi(HT)$3.680.92%
  • zilliqaZilliqa(ZIL)$0.0319458.23%
  • basic-attention-tokenBasic Attention(BAT)$0.2880513.17%
  • zcashZcash(ZEC)$37.88-1.45%
  • nemNEM(XEM)$0.0418363.05%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.120.53%
  • kusamaKusama(KSM)$33.66-3.48%
  • compound-governance-tokenCompound(COMP)$43.23-0.07%
  • yearn-financeyearn.finance(YFI)$8,790.920.24%
  • bitcoin-goldBitcoin Gold(BTG)$16.08-0.06%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.2516123.52%
  • ontologyOntology(ONT)$0.2440162.19%
  • omisegoOMG Network(OMG)$1.54-2.12%
  • wavesWaves(WAVES)$2.151.74%
  • sushiSushi(SUSHI)$1.08-1.83%
  • digibyteDigiByte(DGB)$0.0099313.31%
  • umaUMA(UMA)$2.100.59%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%