• Latest
European Central Bank Policymaker Says Stablecoins Not Cause for Alarm

European Central Bank Policymaker Says Stablecoins Not Cause for Alarm

July 19, 2019
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
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

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

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

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • 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 Litecoin

European Central Bank Policymaker Says Stablecoins Not Cause for Alarm

coinnewsdaily by coinnewsdaily
July 19, 2019
in Litecoin
0
European Central Bank Policymaker Says Stablecoins Not Cause for Alarm
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022

A European Central Bank (ECB) official has stated that users should be aware of the risks associated with the stablecoins use, but not to be alarmed.

As Reuters reported on July 18, member of the ECB’s governing council and president of the Deutsche Bundesbank, Jens Weidmann said that stablecoins — digital currency designed to minimize price volatility by being pegged to another asset — offer users opportunities for prosperity, however users should be vigilant in regards of the associated risks.

Weidmann delivered his comments at a news conference at a meeting of the G7 finance ministers and central bankers. “There is no reason to be alarmed but there is reason to be vigilant,” Weidmann stated.

Weidmann also spoke in favor of Facebook’s Libra cryptocurrency project. He specifically argued that global regulators should not suppress the project in its infancy, adding that digital currencies such as Libra can be attractive to consumers in the event that they deliver on their promise.

However, a range of other policymakers do not share Weidmann’s view on Libra, with French finance minister Bruno Le Maire saying that the G7 “cannot accept private companies issuing their own currencies without democratic control.”

Brad Sherman, a United States Democratic congressman, recently claimed that “Mark Zuckerberg is sending a friend request to oligarchs, drug dealers, human traffickers and terrorists” by launching Facebook’s Libra cryptocurrency.

Notably, at the G7 conference, the Financial Action Task Force — a G7-initiated intergovernmental organization that promotes legal, regulatory and operational measures that aim to fight money laundering on a global scale — approved a new, global cryptocurrency payments network that would be similar to Japan’s proposed SWIFT.

window.fbAsyncInit = function() { FB.init({ appId : ‘1922752334671725’, xfbml : true, version : ‘v2.9’ }); FB.AppEvents.logPageView(); }; (function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = “http://connect.facebook.net/en_US/sdk.js”; js.async = true; fjs.parentNode.insertBefore(js, fjs); }(document, ‘script’, ‘facebook-jssdk’)); !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window,document,’script’, ‘https://connect.facebook.net/en_US/fbevents.js’); fbq(‘init’, ‘1922752334671725’); fbq(‘track’, ‘PageView’);

Credit: Source link

Tags: Brad ShermanBruno Le MaireDemocratic congressmanEuropean Central BankFinance Minister
Share76Tweet48
Previous Post

Price Analysis 19/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, TRX, XLM

Next Post

St. Louis Fed Chief Pessimistic on Crypto as Non-Uniform Currency

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

Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |
Bitcoin

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing
Bitcoin

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022
Bull or bear market, creators are diving headfirst into crypto
Alt Coin

Bull or bear market, creators are diving headfirst into crypto

April 2, 2022
crypto listing and delisting announcements: week 9
Alt Coin

Crypto Listing and Delisting Announcements: Week 9

February 28, 2022
unstable markets how to invest in cryptocurrency
Alt Coin

How to invest in cryptocurrency when the market is uncertain, explained

December 21, 2021
be your own banker secrets
Alt Coin

Bitcoin and Crypto Wallet Hygiene 101

November 22, 2021
Load More
Next Post
St. Louis Fed Chief Pessimistic on Crypto as Non-Uniform Currency

St. Louis Fed Chief Pessimistic on Crypto as Non-Uniform Currency

Categories

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

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • 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)$23,006.000.20%
  • ethereumEthereum(ETH)$1,592.780.80%
  • tetherTether(USDT)$1.000.09%
  • binancecoinBNB(BNB)$308.421.11%
  • rippleXRP(XRP)$0.4123390.64%
  • cardanoCardano(ADA)$0.3873642.36%
  • dogecoinDogecoin(DOGE)$0.0902145.11%
  • matic-networkPolygon(MATIC)$1.134.71%
  • okbOKB(OKB)$38.477.75%
  • solanaSolana(SOL)$24.352.25%
  • polkadotPolkadot(DOT)$6.501.31%
  • shiba-inuShiba Inu(SHIB)$0.0000123.75%
  • litecoinLitecoin(LTC)$88.630.97%
  • tronTRON(TRX)$0.0630230.75%
  • daiDai(DAI)$1.000.07%
  • cosmosCosmos Hub(ATOM)$13.443.54%
  • chainlinkChainlink(LINK)$7.341.78%
  • leo-tokenLEO Token(LEO)$3.72-3.25%
  • moneroMonero(XMR)$180.865.04%
  • ethereum-classicEthereum Classic(ETC)$21.961.18%
  • bitcoin-cashBitcoin Cash(BCH)$133.69-1.22%
  • stellarStellar(XLM)$0.0937612.22%
  • crypto-com-chainCronos(CRO)$0.0815571.04%
  • filecoinFilecoin(FIL)$5.36-0.16%
  • algorandAlgorand(ALGO)$0.2576024.23%
  • vechainVeChain(VET)$0.0243200.86%
  • internet-computerInternet Computer(ICP)$5.911.53%
  • aaveAave(AAVE)$87.080.21%
  • eosEOS(EOS)$1.10-0.63%
  • elrond-erd-2MultiversX(EGLD)$44.873.10%
  • theta-tokenTheta Network(THETA)$1.09-2.62%
  • tezosTezos(XTZ)$1.121.64%
  • paxos-standardPax Dollar(USDP)$1.000.06%
  • bitcoin-cash-svBitcoin SV(BSV)$43.73-0.33%
  • huobi-tokenHuobi(HT)$5.091.29%
  • havvenSynthetix Network(SNX)$2.461.01%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.031.63%
  • iotaIOTA(MIOTA)$0.2390000.83%
  • makerMaker(MKR)$668.832.16%
  • zcashZcash(ZEC)$45.77-0.41%
  • neoNEO(NEO)$8.310.89%
  • dashDash(DASH)$51.550.81%
  • zilliqaZilliqa(ZIL)$0.0297534.34%
  • basic-attention-tokenBasic Attention(BAT)$0.2650211.27%
  • compound-governance-tokenCompound(COMP)$56.535.36%
  • nemNEM(XEM)$0.0392820.36%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.156.45%
  • bitcoin-goldBitcoin Gold(BTG)$17.581.64%
  • wavesWaves(WAVES)$2.836.85%
  • qtumQtum(QTUM)$2.680.55%
  • sushiSushi(SUSHI)$1.341.61%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,664.912.11%
  • golemGolem(GLM)$0.2504882.21%
  • omisegoOMG Network(OMG)$1.512.74%
  • ontologyOntology(ONT)$0.217884-0.09%
  • digibyteDigiByte(DGB)$0.0109491.19%
  • umaUMA(UMA)$2.050.96%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%